BCF Definition

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BCF is an acronym for Broadcast Cash Flow.

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CASH MANAGEMENT is the management of the cash balances of a concern in such a manner as to maximize the availability of cash not invested in fixed assets or inventories and to avoid the risk of insolvency. According to Keynes there are three motives for holding cash: the transactions motive, the precautionary motive, and the speculative motive. The most useful technique of cash management is the cash budget.

COMPLIANCE AUDIT is the review of financial records to determine whether the entity is complying with specific procedures or rules.

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