Mr Marcus McGowan MSc PgDip BA (Hons)

This Business Education Learning Blog is aimed primarily at Higher Business Management students/teachers and ICT students/teachers.

The aim of this blog is to provide you with interesting articles, news, trivia as well as resources or links to materials which will help in your course of study.

I am a Teacher of Business Education and I have written for Education Scotland and BBC Bitesize.

If you'd like to contact me 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.
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