What are financial projections?
Financial projections are merely the accounting result of a series of assumptions. The business assumptions are really the most important component of the financial projections. Basically, if the projections follow accounting rules, they will be the natural financial results you will achieve if all of your assumptions end up true, without any other unknown factors influencing your results. Spend time on the assumptions. Let your accountant project the result of the assumptions. Business plan software also performs financial projections.
Related Questions
- How detailed and accurate are the financial projections generated by the QuickPlan "Big Picture " financial matrix for each different plan?
- What effect will a Nonqualified Deferral Plan (NQDP) have on corporate reporting and financial projections?
- Is there a recommended approach for developing a forecast and financial projections?
