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Q: What are disadvantages of forecasting financial statements?
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Disadvantages of general purpose financial statements?

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What are some disadvantages of demand forecasting?

One of the disadvantages of demand forecasting is the fact that it's not accurate to predict the future. Anyone can offer various scenarios with the same facts. A bad decision can result in some bad financial results for a company.


What are the disadvantages of consolidated financial statements?

Combining financial statements could be a disadvantage because you cannot see the details that give you the strengths of the company. If you have separate financial statements for the parent and subsidiaries then you can break down a more meticulous analysis for each department and therefore see the basis and solidarity of the company


How might changing one of the financial statements affect the other financial statements?

How might changing one of the financial statements affect the other financial statements?


Being the finance manager of a company how will you make a financial forecasting?

Being the Finance Manager of a company how will you make a financial forecasting?


What are limitations of financial management?

Financial Statements Are Derived from Historical Costs. ... Financial Statements Are Not Adjusted for Inflation. ... Financial Statements Do Not Contain Some Intangible Assets. ... Financial Statements Only Cover a Specific Period of Time. ... Financial Statements May Not Be Comparable. ... Financial Statements Could be Wrong Du


What are the limitations of management?

Financial Statements Are Derived from Historical Costs. ... Financial Statements Are Not Adjusted for Inflation. ... Financial Statements Do Not Contain Some Intangible Assets. ... Financial Statements Only Cover a Specific Period of Time. ... Financial Statements May Not Be Comparable. ... Financial Statements Could be Wrong Du


Does anyone make financial forecasting software for Forex?

Investopedia makes a financial forecasting software for Forex. You can visit their website at www.investopedia.com.


What are the advantages and disadvantages of quantitative forecasting?

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Why are dates important on financial statements?

Why are the dates on financial statements important


What are the elements of financial statements?

Five elements of financial statements are as follows:AssetsLiabilitiesEquityIncomeExpense


What is financial forecasting?

Financial forecasting is a prediction of the economy in the future based on current trends and other statistics such as national wealth and global market status.