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Identify one (1) principle involved in managing each of the financial requirements listed below. Briefly describe each principle. Budgeting Cash Flow Profit and Loss Statement

Identify one (1) principle involved in managing each of the financial requirements listed below. Briefly describe each principle.

  • Budgeting
  • Cash Flow
  • Profit and Loss Statement
  • Evaluation of budget and financial plans

Example: a principle for budgeting can be creating conservative budgets.

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