preparing a budget

Tag: preparing a budget

Forecasting in Accounting

See Also: ProForma Financial Statements Cost Center Weighted Average Cost of Capital (WACC) Percent of Sales Method Standard Costing System Comparison Analysis Budgeting vs Forecasting Forecasting in Accounting Forecasting in accounting refers to the process of using current and historic cost data to predict future costs. Forecasting is important for planning purposes – it is necessary to

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