The Management of Funds, Planning and Budgeting



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.


Capital Market Capital Expenditure Cash Balance Current Asset Standard Cost 
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Further Reading

  1. R. J. Chambers, Financial Management (Sweet & Maxwell 1967) chs 6, 14.Google Scholar
  2. H. C. Edey, Business Budgets and Accounts (Hutchinson 1966).Google Scholar
  3. P. G. Hastings, The Management of Business Finance (Van Nostrand 1966) chs 4, 5.Google Scholar
  4. B. B. Howard and M. Upton, Introduction to Business Finance (McGraw-Hill 1953) chs 5, 8, 9, 10, 11.Google Scholar
  5. J. A. Scott, Budgetary Control and Standard Costs (Pitman 1962).Google Scholar
  6. A. W. Willsmore, Business Budgets and Budgetary Control (Pitman 1960). Ch. 5 in particular.Google Scholar
  7. Industrial & Commercial Finance Corporation, Some Problems of the Growing Firm.Google Scholar
  8. Institute of Cost & Works Accountants, The Profitable Use of Capital in Industry.Google Scholar

Copyright information

© K. Midgley and R. G. Burns 1969

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