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1.6 Functions of Mng Acc (Analysis (Statement info used to calc ratios…
1.6 Functions of Mng Acc
Analysis
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Ratio's:
- Liquidity - how much aval cash bus has
- Solvency - diff what bus owns vs owes
- Activity - How much bus is expected
- Profitability - money left after exp paid
Budgeting
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Ongoing ass & mon required - to compare actual vs planned rev, cost & spend
Forecasting
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Re-forecast monthly based on sales, bus chg & opp
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Financing dec
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Funding Sources:
- EQ cap or own cap
- Loans/debt
- Profit re-invested in2 bus (retained income)
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