Detail A Glimpse of The Future   Oleh:  Penn, Robert Jenis: Article from Bulletin/Magazine Dalam koleksi: Journal of Accountancy vol. 188 no. 1 (Jul. 1999), page 35-40. Topik: FUTURE; glimpse; future Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: JJ85.9 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel Prospective financial information is any financial information about the future. Prospective financial statements - including forecasts and projections - are one category of prospective financial information. They offer a glimpse into the future by forecasting potential business outcomes. Lenders, investors and management frequently have questions about a company’s future that can be answered only by such statements. CPA s will find that preparing prospective financial statements is both an art and a science. Although the CPA’s ultimate goal in producing prospective financial statements is similar to historical presentations, the process is far different. A financial forecast represents what management expects to happen. It is more commonly used for an existing business, where the results are not contingent on a particular event. A financial projection, on the other hand, is based on one or more hypothetical assumptions. It reflects what could happen if certain events or circumstances actually occur. Examples include a start - up business that is contingent on investor financing, or a scenario in which sales triple each year. Although management may or may not reasonably expect to achieve these financial results, the projection shows what would happen if the assumptions came true. In my years as a CPA, I have prepared forecasts, projections, budgets and financial models for start - up companies, mergers and acquisitions, litigation support engagements and expanding businesses. The process includes planning, research, preparation and delivery of the completed report. It requires CPA s to understand business structure, taxation, computer spreadsheet applications, economic trends and financial reporting requirements. A good general business sense is also essential. Although CPA s may not be able to predict the weather, we have become good at preparing financial models that can be used in forecasts and projections. As more CPA s in public practice prepare prospective financial statements, they may benefit from some of the insight I have gained about performing this valuable service. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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