06 January 2009 07:45
In uncertain economic times how does a Finance manager make a valid financial forecast? Our January finance-blog post covers this tricky discussion area.
For short term forecasting methods it looks no different for Q4, however with the new financial year not so far away many companies are now looking at forecasts for 2009-10- will you do anything different this financial year? Normally there are two key financial statements in the forecasting process these are the cash flow forecast (and) the statement of changes in a financial position. Here is an example of what a Manager may be looking at when considering a conservative approach to financial forecasting.
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