*Cash-flow forecasting and working capital

*The importance of cash and cash-

flow forecasting

*What is a cash-flow forecast?

*Constructing a simple cash-flow forecast

*Interpreting cash-flow statements

*Financing a short-term cash shortage

*Working capital

*Income statements

*A financial record of business revenue, costs and profit.

*It must be produced once a year.

*Internal and external stakeholder groups use the info.

*Profit

*Owners*Shareholders*Employees*Lenders*Government*Suppliers*Managers

*Activity 21.4

*Case study pg274

*Cash-flow forecasting and working capital