How does the monitoring of the cash flow of a health organization compare to monitoring the cash flow for individuals handling their personal finances? Explain your choice

Cash flow monitoring in a health organization can be compared to cash flow monitoring for individuals who handle their finances in that; it helps in financial decision making. They both use the information attained from cash flow monitoring to make decisions on how to manage the available resources or finances. Cash flow monitoring in a health organization is mostly outlined in a cash flow statement which might not be the case for individuals handling their finances which might lack a cash flow statement. Cash flow monitoring in health organization may be a time-consuming and complicated process due to the many transactions that are involved compared to the cash flow monitoring for individuals who handle their finances since only a few transactions are involved. However, in both cases, cash flow monitoring is very crucial for long-range planning since it can be used to forecast the ability of individuals and health organizations to generate adequate cash to carry out future activities.