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    Financial Forecasting

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    Write a 200 word explanation of the reasons the following types of companies would need a financial forecast: brand new company, family owned company, and a long-standing corporation

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    Write a 200 word explanation of the reasons the following types of companies would need a financial forecast: brand new company, family owned company, and a long-standing corporation

    A financial forecast is an estimate of future financial outcomes for a company. (Wikipedia, 2009)Based on historical financial data, apart from external factors a financial forecast can be prepared. Brand new company will require financial forecasts to know about the breakeven point. As per tutor2u.net, "Break-even analysis is a technique widely used by production management and management accountants. It is based on categorizing production costs between those ...

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