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The Key Factor in Forecasting Cash Disbursements for a Cash

question 16

True/False

The key factor in forecasting cash disbursements for a cash budget is to record them in the month when they are incurred,not when they are paid.

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Definitions:

Stakeholders

Stakeholders are individuals, groups and institutions directly affected by an organisation’s performance.

Organisation's Performance

The measurement of an organization's efficiency, effectiveness, and ability to achieve its goals and objectives.

General Environment

The broad external conditions that affect organizations, including economic, legal, and cultural factors.

Natural Environment Conditions

The physical and biological factors along with their chemical interactions that affect an ecosystem or geographic area.

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