OCMC - cash budget reconciliations

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT student discussion
Can anyone help. I had to resit my cash management skills test and now have some supplementary tasks to complete. One of them is to compare the cashflow forecast I calcuated to the actual cashflow. This is over a 3 month period and I can never seem to get from the budgeted figure to the actual figure!!! :(

Do you reconcile just the total columns???.

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  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:OCMC - cash budget reconciliations

    My advice is to draw up a brief statement
    Start with the budgeted cash position for the end of the 3 months
    End with the actual cash position
    and show a series of variances between the budgeted receipts or payments and actual listing them by expenditure type.

    I have an example called tightship that is based on a question from BPP.

    If you email me with the subject line:
    Tightship

    I will set up my out of office reply so that you get it sent automatically.

    sandy.hood@chichester.ac.uk

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