Abstract:

The cash flow (treasury) budget presents the cash flows, namely the cash inflows and outflows, estimated over a determined period of time and it is a component of the overall activity’s budget. The cash flow statement presents the cash flows, namely the cash inflows and outflows, achieved over a certain period of time and it is a component of the annual financial statements. The ERP systems also have a treasury management module which can generate cash flow statements based on actual encashment and payments. This treasury module does not provide the ERP systems with cash flow budget management for the time to come. This study aims to establish the cash budget management in ERP systems based on both accrual accounting data as well as on forecast accounting data.