Abstract
An explanation of the meaning of funds and the internal flow of funds in business leads on to a discussion of the relationship of profitability, sound finance and the flow of funds. The need to plan ahead calls for some system of budgetary control, and the operation of such a system is described in outline. The chapter concludes with an account of the forward-looking finance budget and the backward-looking sources and uses of funds statement, with examples of each.
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Further Reading
R.J. Chambers, Financial Management (Sweet & Maxwell 1967) chs 6, 14.
H. C. Edey, Business Budgets and Accounts (Hutchinson 1966).
P. G. Hastings, The Management of Business Finance (Van Nostrand 1966) chs 4, 5.
B. B. Howard and M. Upton, Introduction to Business Finance (McGraw-Hill 1953) chs 5, 8, 9, 10, 11.
J. A. Scott, Budgetary Control and Standard Costs (Pitman 1962).
A. W. Willsmore, Business Budgets and Budgetary Control (Pitman 1960). Ch. 5 in particular.
Industrial & Commercial Finance Corporation, Some Problems of the Growing Firm.
Institute of Costs & Work Accountants, The Profitable Use of Capital in Industry.
K. Midgley and R. G. Burns, Case Studies in Business Finance and Financial Analysis (Case 1) (Macmillan 1971).
Alfred P. Sloan Jnr, My Years with General Motors, Chap 8 (Pan Management Series 1963).
E. M. Lerner, Managerial Finance (Harbrace Series 1971).
J. M. Samuels and F. M. Wilkes, Management of Company Finance (Nelson 1971).
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© 1972 Kenneth Midgley and Ronald G. Burns
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Midgley, K., Burns, R.G. (1972). The Management of Funds, Planning and Budgeting. In: Business Finance and the Capital Market. Palgrave, London. https://doi.org/10.1007/978-1-349-01829-1_7
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DOI: https://doi.org/10.1007/978-1-349-01829-1_7
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-14657-6
Online ISBN: 978-1-349-01829-1
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