Where does a company find forecasted financial statements for a five to ten year period?
A) strategic plan
B) master budget
C) rolling budget
D) long-range plan

Question

Quizplus · Accepted Answer

Forecasted financial statements for a five to ten year period can be found in a company's long-range plan. This plan typically outlines the company's goals and strategies for the next several years, including financial projections based on those plans. The strategic plan may also include some financial projections, but typically focuses more on high-level goals and objectives. The master budget and rolling budget are typically more short-term in nature, covering a fiscal year or less.

Where Does a Company Find Forecasted Financial Statements for a Five