Answer the attached questions. The question’s answers should be 5-7 sentences long and contain one source with an APA style citation (references do not count towards word count). The citation should be listed right under the question’s answer.
Question 1 What is one of the most important determinants (in the accounting realm) of success in project management? Explain why.
Question 2 Explain what happens when a project has poor cash flow management.
Question 3 Explain the cash flow management strategy called ‘cash farming.’
Question 4 Briefly explain the idea of overhead in a business.
Question 5 Why is cash flow considered predictable and manageable?
Question 6 Explain the following statement: “Cash flow is lowest when sales growth (in current dollars) is rapid.”
Question 7 Explain the following statement: “The usual measures of cash flow—net income plus depreciation (NIPD) or earnings before interest and taxes (EBIT)—give a realistic indication of a company’s cash position only during a period of steady sales.”
Question 8 Explain the most important objective of the cash flow statement
Question 9 What is the internal process for understanding fiscal limitations and estimating what the business can spend? Provide an example.
Question 10 Why is budget gaming and is it good or bad for budgeting? Defend your answer.
Question 11 If a manager reports a positive difference between budgeted funding available and actual spending this will result in what? What does this mean for the company?
Question 12 When a manager is analyzing the magnitude of the budget variances for cost centers relative to those of operating expenses, she is targeting what issue?
Question 13 Explain how increasing costs to achieve growth works as a strategy to obtain capital for growth. Give an example.
Question 14 Explain how customer churn is different than negative market growth. Provide an example.
Question 15 Accounts Payable (AP) departments across the world often make the same mistakes because of the very systems that were designed and put in place to automate and perfect the AP process. Describe three of these mistakes and why they happen.
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