a) Assume a firm's cash budget has identified a potential cash deficiency in three months time. Discuss

Question:

a) Assume a firm's has identified a potential cash deficiency in three months time. Discuss three possible courses of action the firm could take to improve its cash position.
b) Discuss two limitations on the usefulness of financial accounting reports.
Cash Budget
A cash budget is an estimation of the cash flows for a business over a specific period of time. These cash inflows and outflows include revenues collected, expenses paid, and loans receipts and payment. Its primary purpose is to provide the...