Which of the following statement is required for maintaining Inter-relation with other departments by finance manager? a. He must be well versed in the field of capital budgeting techniques to determine the effective utilization of investment b. He should have sound knowledge not only in finance related area but also well versed in other areas of activity c. He must concentrate to the principles of safety, liquidity and profitability while investing capital d. He is responsible to estimate the financial requirement of the business concern
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
Which of the following statement is required for maintaining Inter-relation with other departments by finance manager?
a.
He must be well versed in the field of capital budgeting techniques to determine the effective utilization of investment
b.
He should have sound knowledge not only in finance related area but also well versed in other areas of activity
c.
He must concentrate to the principles of safety, liquidity and profitability while investing capital
d.
He is responsible to estimate the financial requirement of the business concern
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