A manager of a small business made the following comment when a friend suggested that his business

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A manager of a small business made the following comment when a friend suggested that his business could benefit if he were to prepare cash budgets: ‘Some people think they are all right but I run only a small business and don’t want to waste my time preparing budgets which, after all, are just best-guessing the future. I am more interested in what actually happens, not what I think might happen.’ Discuss this statement.

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Accounting

ISBN: 978-1118608227

9th edition

Authors: Lew Edwards, John Medlin, Keryn Chalmers, Andreas Hellmann, Claire Beattie, Jodie Maxfield, John Hoggett

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