Following includes predicting the
requirement of funds
Answers
Answer:
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Answer:
Forecasting includes predicting the requirement of funds.
Explanation:
Making decisions about capital investments, annual production levels, operational efficiency demands, working capital requirements, cash flow assessments, raising long-term funds, estimating a company's funding needs, estimating sales growth, etc., is made easier with the aid of financial forecasting. On the basis of recent and past data, forecasting enables firms to create fair and quantifiable goals. Businesses can estimate how much change, development, or improvement will be deemed successful by using correct data and statistics. The financial forecast's goal is to assess the fiscal situations of the present and the future in order to inform decisions about programs and policy.
Thus, a financial forecast is a tool for fiscal management that gives estimated data based on previous, present, and future financial circumstances.