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 Cost & Works Accountants, The Profitable Use of Capital in Industry.
Copyright information
© 1969 K. Midgley and R. G. Burns
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Midgley, K., Burns, R.G. (1969). The Management of Funds, Planning and Budgeting. In: Business Finance & the Capital Market. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-15309-1_7
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DOI: https://doi.org/10.1007/978-1-349-15309-1_7
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-0-333-10410-1
Online ISBN: 978-1-349-15309-1
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