Tag Archives | Business Forecasting

Methods for Preparing Profit and Loss Account

This article throws light upon the top two methods for preparing profit and loss account. The methods are: 1. Percent of Sales Method 2. Projected Expenses Method. Method # 1. Percent of Sales Method: In this method, the basic assumption is that there is no change in business, its policies etc. Everything continues to take place as before. All the [...]

By Ashok M|2016-06-28T09:28:15+00:00June 28, 2016|Profit & Loss Account|Comments Off

Top 8 Advantages of Business Forecasting

This article throws light upon the top eight advantages of business forecasting. The advantages are: 1. Establishing a New Business 2. Formulating Plans 3. Estimating Financial Needs 4. Facilitating Managerial Decisions 5. Quality of Management 6. Encourages Co-operation and co-ordination 7. Better Utilisation of Resources 8. Success in Business. Business Forecasting: Advantage # 1. Establishing a New Business: While setting [...]

By Ashok M|2016-06-28T09:28:15+00:00June 28, 2016|Business Forecasting|Comments Off