Mr McGowan's Learning Blog: February 2011

Mr Marcus McGowan MSc PgDip BA (Hons)

is Enterprise Coordinator and Teacher of Business Education at Hamilton Grammar School.

I have provisional registration in Computing and GTC Professional Recognition for Enterprise and ICT.

I have developed materials for Learning and Teaching Scotland and BBC Bitesize for Higher Business Management as well as delivering many INSETs on blogging and podcasting.

I have links with the Hunter Centre for Entrepreneurship through SIFE, and am a committee member of the SBEA.

If you'd like to contact me about materials, resources, or this blog then please click on the link to: email me

Tuesday, 1 February 2011

Cash Budget Mnemonic

I have been working on some Mnemoics for study and I have one for cash budgets and their uses.

MEAT

Cash budgets can Motivate employees as they can see how the firm is performing.

They can be used to control Expenditure in order to keep a positive cashflow.

Cash budgets can be used to take corrective Action by arranging a loan to ensure the firm does not go bust.

They can also be used to set Targets for managers, employees and departments to meet.