Accountancy, asked by suryatejanalla1946, 1 year ago

what is overcast in financial accounting

Answers

Answered by Shreya0504
6
An overcast is a forecasting error that occurs when estimating a metric,such as future cash flows, performance levels or production.Overcasting is when the estimated value turns out to be above the realized value.

yahoshuva94: good answer
Shreya0504: mine?
yahoshuva94: yeah
Shreya0504: oh... thanks
yahoshuva94: which state u r
Shreya0504: am from Canada
yahoshuva94: okok
yahoshuva94: what is you name
Siri737: shreya ur from canada.....btw canada is not a state
cuteboyvishal: hi
Answered by vhpsharitha
6
Hey mate,
Here's your answer,
An overcast is a forecasting error that occurs when estimating a metric, such as future cash flows, performance levels or production. Overcasting is when the estimated value turns out to be above the realized value.
Overcasting could be indicative of aggressive estimates or aggressive accounting. Consistent overcasting should be investigated. Company employees could be overpromising to please upper management. Or the company might be hoping to keep current shareholders and might be trying to attract additional shareholders with aggressive forecasts.
Regards,
Hope it helped you...

Shreya0504: Hi pranavi
vhpsharitha: hey
Shreya0504: wyd
Similar questions