BUISENESS MANAGEMENT
FINANCIAL MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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An estimate of a business’s financial outlook for each of the next few years
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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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Explanation:
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: -A financial forecast is used to predict the cash flow necessary to operate the company day-to-day and cover financial liabilities.
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.
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