Being the finance manager being of a company how will you
make finance forecasting
Answers were Sorted based on User's Feedback
Answer / srinivas annavarapu
First I will review the previous year's financial
statements to get an Idea about the financial operations.
Then will discuss with the management about the current
year's targets (viz. sales / services) & their growth
expectations. Based on that will prepare provisional P&L
acct & Balance sheet. I also will check whether there is
any posibility in cost cutting and make the adjustments
accordingly to arrive at expected profit.
Is This Answer Correct ? | 25 Yes | 0 No |
Answer / vasavi
The financial forecasting is depending up on the past
information of the company. I may take the past sales and
purchases and income and revenue. profit and loss of the
last year data. The assets and liabilities also take into
the consideration.According to that the As a Financial
Manager I will Forecast the Analaysis.
Is This Answer Correct ? | 4 Yes | 0 No |
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