Why is it important for a new business
to develop a budget and financials for their...
Why is it important for a new business
to develop a budget and financials for their new business idea?
What are some of the key elements you will need in your startup
budget for your business idea and
why?
Why is it important to continuously develop and refine new
approaches? List three things that management can do to encourage
contributions to continuous improvement from internal and external
sources.
Why are off-balance sheet items so important when examining a
bank’s financials and assessing risk? If most of these may become
medium-risk commercial loans, what do you think regulators could do
to encourage banks not to be excessive with these types of loan
commitments
What is a chart of accounts? Why is it important to develop a
chart of accounts? What impact on a company would there be if a
company's chart of accounts has errors or one was not developed?
Provide 3 specific examples.