Week 3 CheckPoint- Financial Forecasting

Week 3 CheckPoint- Financial Forecasting - Financial...

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Financial Forecasting 1 Financial Forecasting Melissa Krol FIN 200 September 20, 2010 Instructor: John G. Oladokun Axia College University or Phoenix
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Financial Forecasting 2 Financial Forecasting Financial forecasting is vital to the planned growth of a company whether that company is brand new, family-owned, or a long standing corporation. Pro forma financial statements allow managers to estimate the future level of receivables, inventory, payables, and the company’s anticipated profits and borrowing needs. Financial managers can track events against the company plan and make adjustments to it if necessary. Pro forma statements are often needed by bankers and other lenders or creditors as a guide for future lending decisions. The cash budget allows the company to foresee the need for outside financial support at the end of each month. Businesses need to plan for the future, consider different management strategies, and prepare capital and operating budgets.
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This note was uploaded on 11/09/2010 for the course FIN 200 FIN 200 taught by Professor Smith during the Spring '10 term at University of Phoenix.

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Week 3 CheckPoint- Financial Forecasting - Financial...

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