Examlex
What is project portfolio management and what are its objectives and initiatives?
Beginning Cash Balance
The amount of cash a company has at the start of a new financial period, carried over from the end of the previous period.
Flexible Budget
A budget that adjusts or flexes with changes in the volume or activity level, allowing better control and comparison between actual and budgeted performance.
Static Budget
A budget that does not change or adjust to variations in business activity levels throughout the budget period.
Master Budget
A comprehensive financial planning document incorporating all of a company's individual budgets and financial plans, projecting its overall financial activities.
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