Finance, Budgeting and Cash Flow
Finance and budgeting are at the heart of any business organization. Understanding the language and the concepts of finance and budgeting helps you master what many regard as the critical function of business. Without such understanding and application, the heart of a business is unknown. In Joseph Conrad’s terms, it is a heart of darkness. With understanding, the enterprise can be directed to profit making and other organizational goals in a more comprehensive way. This chapter will give you a basic understanding of finance and budgeting so that you will be ready to sit and participate at the corporate decision making table with greater understanding.