BUSINESS ADMINISTRATION
FINANCIAL MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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financial plan
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financial forecast
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financial statements
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budget
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Detailed explanation-1: -Financial forecasting involves the creation of specific financial statements that reflect risk and outlook based on relevant facts and trends. These statements are sometimes also called pro-forma statements.
Detailed explanation-2: -What Is Financial Forecasting? Financial forecasting is predicting a company’s financial future by examining historical performance data, such as revenue, cash flow, expenses, or sales. This involves guesswork and assumptions, as many unforeseen factors can influence business performance.
Detailed explanation-3: -Cash flow forecasting is the process of obtaining an estimate of a company’s future financial position; the cash flow forecast is typically based on anticipated payments and receivables.