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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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