Forecasting means determining how closely the actual revenue and expense results matched up with the predicted revenues and expenses.
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Q41: Financial control is a process where firms
Q42: The operating (master) budget identifies the funds
Q43: An operating budget analyzes the firm's spending
Q44: A capital budget highlights a firm's spending
Q45: The long-term financial forecast plays a crucial
Q47: The long-term financial forecast gives top management
Q48: A capital budget combines all of the
Q49: By identifying variances from the financial plan,
Q50: A cash budget helps managers anticipate borrowing,
Q51: Budgets are prepared after the financial forecasts
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