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What is the definition of financial forecasting?
Financial forcasting is the prediction of how something will happen. It is also the results of operations and cash flows based on the expected conditions.
How do you do the factory budget?
Budgeting and forecasting are business processes essential to a company's operations. Budgeting involves planning for revenues and expenses. Forecasting is a method of predicting trends based on historical and current.
WHAT ARE THE ADVANTAGES AND DISADVANTAGES OF STRAIGHT LINE METHOD OF DEPRECIATION?
The straight-line method of depreciation is straightforward, making it easy to calculate and understand, and it provides consistent expense recognition over an asset's useful life. This method also simplifies financial forecasting and budgeting. However, its disadvantages include not reflecting the actual wear and tear or usage of the asset, which may lead to inaccurate financial statements. Additionally, it may not be suitable for assets that lose value more quickly in the earlier years of their life.
Is Completion of Production method accepted by GAAP?
it is acceptable according to GAAP only in the extraordinary circumstances when forecasting the amount of work completed to date is not possible.
Forecasting error is important to analysis of capital expenditure project?
Forecasting error is crucial in the analysis of capital expenditure projects because it directly impacts the accuracy of cost estimates and financial projections. High forecasting errors can lead to budget overruns, misallocation of resources, and poor investment decisions. Understanding and mitigating these errors helps ensure that projects are completed on time and within budget, ultimately enhancing overall project viability and return on investment. Accurate forecasting also aids in risk assessment and management, which is vital for successful capital projects.
Discuss the shortcomings of the percent of sales method of financial forecasting?
The percent of sales method of forecasting needs to based on a series of assumptions, and the forecasting would heavily relay on the percent of sales as the key tool for forecasting. Furthermore, the percentage of sales for the next period cannot prevent the forecasting result from the expectations of the investors.
What method of forecasting uses the effects of past weather conditions as part of its forecasting method?
analog method
What method of forecasting uses the effects of past of weather conditions as part of its forecasting method?
analog method
What is the oldest and most important method of forecasting the future?
Judgmental forecasting is the oldest and still the most important method of forecasting the future.
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?
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 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.
Mention the method of sales forecasting?
There are many methods of sales forecasting. One method is to look at what has happened in the past and based on that, predict the future.
Is there financial forecasting software available for purchase and download?
Yes, there are financial forecasting software available for purchase and download. You can find them at www.freedownloadscenter.com/Business/Finance/FinPro.html
How will a finance manager make a financial forecasting?
AA
In demand forecasting important method used in trend projection is?
Delphi method
What forecasting method uses averages to predict future weather?
climatology method
