Question: It is important to understand the financial planning process, including long-term financial plans and short-term financial plans. (a)Why is the cash budget regarded as a

It is important to understand the financial planning process, including long-term

It is important to understand the financial planning process, including long-term financial plans and short-term financial plans. (a)Why is the cash budget regarded as a primary tool in short-term financial planning? Discuss. (10) (b)Why do most audited financial reports to the shareholders include a statement of cash flows in addition to the balance sheet and income statement? Discuss

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