When projecting financial statements,one would first ,and then proceed to:
A)project of the balance sheet,forecast sales.
B)forecast sales,project the income statement
C)forecast sales,project the balance sheet
D)forecast sales,project the statement of cash flows

Question

Quizplus · Accepted Answer

The typical process in financial forecasting starts with forecasting sales, as it drives many other elements of the financial statements. After sales are forecasted, the income statement is projected to determine profitability and other financial metrics.

When Projecting Financial Statements,one Would First ,And Then Proceed To