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Question: Being the finance manager being of a company how will you make finance forecasting ?

Answer: First I will review the previous year's financial
statements to get an Idea about the financial operations.
Then will discuss with the management about the current
year's targets (viz. sales / services) & their growth
expectations. Based on that will prepare provisional P&L
acct & Balance sheet. I also will check whether there is
any posibility in cost cutting and make the adjustments
accordingly to arrive at expected profit.



Category Finance Interview Questions & Answers - Exam Mode / Learning Mode
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Question: Being the finance manager being of a company how will you make finance forecasting ?
Answer:

First I will review the previous year's financial
statements to get an Idea about the financial operations.
Then will discuss with the management about the current
year's targets (viz. sales / services) & their growth
expectations. Based on that will prepare provisional P&L
acct & Balance sheet. I also will check whether there is
any posibility in cost cutting and make the adjustments
accordingly to arrive at expected profit. Source: CoolInterview.com


Initial cash inflow & outflow would be prepared based on forecasted revenue & expenditure, month on month variance of actual vs projected would be analyised for immediate corrective action & also for future use as same would be used as historical trend. Source: CoolInterview.com

Answered by: vimal sharma | Date: 8/25/2010 | Contact vimal sharma Contact vimal sharma


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