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What conditions would help make a percent of sales forecast almost as accurate as pro for ma financial statements and cash budgets?
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Explain the difference between financial accounting and management accounting?
Management accounting is a tool that managers use to perform day-to-day operations in an organization. This type of accounting usually does not provide exact numbers, but rather estimate and forecast. Financial accounting is a tool used to present the financial status of the organization to its external stakeholders. This type of accounting provides accurate numbers.
Explain the differences between financial accounting and Management Accounting?
Management accounting is a tool that managers use to perform day-to-day operations in an organization. This type of accounting usually does not provide exact numbers, but rather estimate and forecast. Financial accounting is a tool used to present the financial status of the organization to its external stakeholders. This type of accounting provides accurate numbers.
What is the process that periodically checks actual revenues and expenses against forecast values?
Financial Controlling
What is the process that periodically checks actual revenues and expenses against forecast ed values?
Financial Controlling
What are the function of a management accountant?
managemnet accountant looks at the financial situation of a firm in the future and at the current one. these informations are however only for the internal use.the financial situation need to be set so that it is easy to use, relevant informations within and up to date.furthermore managment accounting covers only parts of the companiy and no the entire firm as financial accounting does.a management accountant therefore needs to be able to set up a cash flow forecast, do budgeting, , contribution statements, break-even charts, investment apraisal.
What conditions would help make a percent of sales forecast almost as accurate as pro forma financial statements and cash budget?
What conditions would help make a percent-of-sales forecast almost as accurate as pro forma financial statements and cash budgets?
Who would be interested in a financial forecast of a company?
who would be interested in a financial forecast of a company
How can i find an accurate 2010-2011winter forecast for the UK?
Sorry but - you won't get an accurate forecast this far ahead of winter. Current technology is only able to accurately forecast up to five days ahead.
Which website has the most accurate Forex forecast?
The most accurate Forex forecast was the USD/JPY Forecast on May 1st. The website containing this information was Forex Cycle: Free Forex Market Analysis.
How does a budget differ from a forecast?
Budget is more accurate than forecast. A budget can be had from historic data whereas forecast looks into the future trends.
Where can one find a forecast for mortgage rates?
One can find some mortgae forecast reviews online through financial companies who have financial advisors. One should bear in mind that a forecast remains speculative.
Is the weather forecast on the wii accurate?
No, It has been wrong many times within 10 hours forecast.
The key initial element in developing proforma statements is?
The key initial element in developing proforma statements is sales forecast.
Differentiate between a cash flow forecast and sales forecast.?
Sales forecast is simply a predication of the volume of units or financial sales expected (normally in a year) A manufacturing company will forecast both unit and financial expectant as they will use the information to establish increases/decreases in raw materials, labour and plan etc. Cash flow is looking at the money in and out of the business, where its from/ going to and financial risk of a minus financial event where out going exceeds incoming.
Does anyone know an accurate winter 2010-2011 forecast for the UK?
You cant really get an accurate forecast this far ahead. Even with the sophisticated tools at the hands of the Met office - they can only really do accurate forecasts for abotu five days.
What is the purpose of a financial forecast?
The financial forecast or financial plan is often drawn up by clients to present a favourable cash flow situation, and might not be based on the realities of the situation that the business finds itself in. It is an annual projection of income and expenses.
Long range forecast products tend to be more accurate than short range ones?
Long-range forecast products tend to be more accurate than short-range ones. False
