Definition
Financial forecasts are predictions about a company�s future financial performance, including revenue, expenses, and profits. They are based on historical data, market trends, and assumptions about future conditions.
Related Services
Financial planning, corporate strategy, and consulting services assist companies in preparing accurate financial forecasts to support business planning and investment decisions.
Problem and Application
While financial forecasts are essential for planning and decision-making, they are subject to uncertainty and assumptions that may not always materialize as expected.
Conclusion
Financial forecasts provide valuable insights into future performance but should be updated regularly and considered as part of a broader strategic planning process.
