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What is roll forward?

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What is roll forward?

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A. Roll forward allows you to prepare an estimate of the following year’s budget based on the existing data and a number of basic assumptions, in a few keystrokes, so you can evaluate future outcomes in an instant.

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Transactions that have processed in the prior fiscal year but are related to the new fiscal year, as indicated by the transaction service dates are rolled forward and recorded as new fiscal year activity. Prepaid expense and deferred revenue are typical roll forward transactions. For more information about roll forward transactions, see the PN 535 class handout*.

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