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Assignment: You are required to write a 1,000 word report answering the following...

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Accounting

Assignment:
You are required to write a 1,000 word report answering the following set of questions that apply to the picture below.
Required:
The director of Skip does not have any experience in management accounting and has asked you to write a report explaning clearly.
(a) Discuss why a cash budget is required for a business and explain how it will help in decision-making (include the 3 advantages and 3 disadvantages of the cash budget)
(b)Therefore, to support your discussion from part (a), you are required to prepare a cash budget for Skip Ltd for the six-month period to 30 June 2024.
(c) With help from the information, you have gathered from the cash budgets (part b), explain what Skip Ltd can do to improve its cash flow position.
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