Budgeting And Forecasting Financial Planning

Date Added: Nov 2009
Format: HTML

Many business professionals believe that creating a budget and forecast are a waste of time. The general consensus of these adversaries is that the future is impossible to predict, so why even bother. A budget and forecast are never 100% accurate. The budget and forecast should not be considered a prediction of the future, but more of a tool to maximize profitability. The budget and forecast acts like a gauge of future operating activities.