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Topic 5.3 - Financial Forecasting.ppt - FINANCIAL...

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FINANCIAL FORECASTING
Financial statements:i.Statement of financial position/balance: Longterm assets, current assets, current liabilities,Long term liabilities.ii.Cash flow statementiii.Income statement (Profit and loss account):sales, cost of sales, expenses)
Financial forecastingThe main reason for financial forecasting isto estimate the external financial needs of anorganization.Sales is the most important variable in thefinancial forecasting.
Financial ForecastingThis involves determining the future financial needsof a firm.The most important variable that influences a firm’sfinancial requirement is its projected shilling volumeof sales.A good sales forecast is therefore an essentialfoundation for forecasting financial requirement.

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Term
Fall
Professor
NoProfessor
Tags
Generally Accepted Accounting Principles, Financial Position

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