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It took me years to be skilled in financialplanning and analysis. Not every finance professional can be sharp enough to detect key highlights and provide analysis for the financial statements. The budget and forecast should reflect the Company’s plans, visions, expectations and educated guesses on the market trends.
It involves using various quantitative and qualitative techniques to project revenues, expenses, cash flows, and other financial metrics over a specified period, typically one to five years. Financial forecasting is a critical aspect of financialplanning and decision-making for businesses, organizations, and individuals.
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