Forecast5 was founded on the concept of providing schools, cities, and county governments the tools that they need to build meaningful and accurate five-year financial forecasts
," stated Mike English, CEO and president of Forecast5.
Nonprofit organizations also need financial forecasts
and projections to ensure their success and continued existence.
A financial forecast
represents what management expects to happen.
Because users expect financial forecasts
to present the responsible party's best estimate,' the term reasonably objective basis was included in the Guide to communicate to responsible parties a measure of the quality of information necessary to present a forecast.
72, the ASB expanded the matters CPAs are permitted to address in comfort letters to include financial forecasts
and compliance of certain information (such as selected financial data, supplementary financial information, executive compensation and ratios of earnings to fixed charges) with SEC regulation S-K.
PKF's report also stressed the uncertainty of the financial forecasts
in the memorandums, the difficulty of projecting profitability in a venture lacking sufficient operating history and the potentially negative effect of forces beyond the managing partner's control--such as changes in the tax law or government regulations.
The authority's financial forecasts
, which include the impact of Maersk, the initiation of the development of the CIP, and conservatively estimates the growth rate in cargo traffic to be below historical levels, shows that coverage levels (including the commonwealth transfer) will approach the 1.
Since there is no guidance in the SSARS literature about the issuance of draft financial statements, ARSC will develop an interpretation that will parallel the guidance in footnote 4 of the Guide for Prospective Financial Statements, which was prepared by the AICPA financial forecasts
and projections task force and issued in 1986.
the ability to create more accurate financial forecasts
and plans based on key operational drivers and standard data definitions;
The Hyperion solution has fully addressed Vivo's strategic financial planning activity requirements, providing increased reliability and consistency of financial forecasts
that support the corporate strategic decision-making process.
Maintenance of the core subsidiaries' FSR and ICRs is dependent upon medium-term alignment and management's financial forecasts
She has been instrumental in the corporate-wide implementation and ongoing maintenance of Section 404 of the Sarbanes-Oxley Act and has been involved with preparing financial forecasts
, so the transition to this position is the next logical step.