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5.1 The role of the finance function MatchUp
Target Level
4-5
Running Total
0
0%
Attempt
1 of 3
Click on a top box, then click on its match below. Or, drag a top box and drop it onto the correct match. Match all pairs before clicking ‘Check’.
Revenue
Up to date
Loss
Cash flow forecast
Business performance, including against historical data
Incorrect decisions being made
To indicate whether predictions were accurate and where there may be too little cash to meet payments due
Break-even calculation or break-even chart
Budget
The cost, but also the time taken to supply, and reliability
A document that examines predicted cash inflows and outflows
The term used to refer to money received by a business for trading
Business planning can be supported by use of a graph or formula to predict when profit will be made
This occurs when a business does not pass the break-even point
Why is actual cash inflow and outflow monitored against a cash flow forecast?
What might the finance function measure?
What should the finance function be aware of in terms of suppliers?
A consequence of inaccurate financial information being provided by the finance function
The finance function will provide this to all departments
It is essential that financial records are this