Duration: 43 mins plus activities
This module covers the following topics:
On completion of this module, you will have a better understanding of the flow of cash through your business and how to address cash flow problems.
You will also be able to identify the difference between fixed and variable costs, and determine how these also affect cash flow.
Finally, you will learn how pricing and margin choices affect both cash flow and the viability of your business, and how to predict future performance by forecasting sales, expenses and cash flow.
Preparing Budgets and Cash Flow Forecasts
Review the Preparing Budgets and Cash Flow Forecasts video and powerpoint slides below. The activities below are based on the information provided in the video, so you will need to watch the video to be able to complete the activities. Download the transcript of the Preparing Budgets and Cash Flow Forecasts video (PDF 93KB).
Module One Learning Activities
After reviewing the above video, it is now time to complete the Learning Activities for this module:
|Q&A Interview with Mr Rentals Multi-Site Franchisees, Greg and Natalie Nash
Self Assessment Quiz
Test your knowledge of this module with this assessment quiz. To successfully complete this module and obtain a Certificate of Completion you need to get a score of 85% or better.
- If you don’t wish to test your knowledge, you can proceed directly to Module Two: Managing Staff and Supply Chains.
Budgeting and Cash Flow Forecasts Resources
- Break-Even Formula
- Contribution Margin Formula
- Target Profit Formula
- Personal Expenses Checklist
- Template to develop own sales mix forecast