Projected financial statements are the final product of the budgeting process.

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Projected financial statements are the final output of the budgeting process. They involve estimating the company's future financial position based on assumptions and forecasts about its expected revenues, expenses, and other financial metrics. These statements are used by managers, investors, lenders, and other stakeholders to evaluate the company's performance, plan investments, allocate resources, and make other decisions. The process of preparing projected financial statements requires input from various departments, including sales, production, finance, and accounting.

Projected Financial Statements Are the Final Product of the Budgeting