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            | Topic: | Business | 
        
            | Number of pages / Number of words: | 2 / 421 | 
                
    
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However, they also usually include some forward-looking elements - e.g. a sales budget; cash-flow forecast.
        
        
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There are two broad types of accounting information:
? Financial Accounts: geared toward external users of accounting information
? Management Accounts: aimed more at internal users of accounting information
Although there is a difference in the type of information presented in financial and management accounts, the underlying objective is the same - to satisfy the information needs of the user...
        
        
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                                    Capital Budgeting and Cash Flow Estimation
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                                    Example of analysis of cash flow
                                    Funds flow through the financial system from surplus entities to deficit entities in various ways. For example, funds may flow via financial intermediaries or through equity markets or through debt markets. How do you account for the existence of ...
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