Explore BrainMass

Explore BrainMass

    Budgeting and Accounting

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    You often see news reports predicting the direction of the economy. How accurate are these predictions and how should a financial manager of a state agency apply them? Explain your reasoning, using appropriate examples.

    © BrainMass Inc. brainmass.com June 4, 2020, 1:35 am ad1c9bdddf

    Solution Preview

    There are indeed many news reports that give predictions on the direction in which the economy will go, and the accuracy of these reports is of the utmost importance for financial managers, as well as everyday citizens. It is a well-known fact that making economic predictions is not an exact science, but these predictions are based on the analysis of statistical data that would give us a reasonable predictions as to the direction in which the economy will go in the future. In most cases ...

    Solution Summary

    The expert examines public and non-profit budgeting and accounting.