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Role of financial forecasting in busines
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[QUOTE="Johnson2468, post: 301590, member: 93261"] Financial forecasting is an essential aspect of any business as it helps businesses to plan their finances and operations more effectively. Any effective business plan is built on sound financial forecasting. It helps businesses in identifying potential financial risks, openings, and difficulties. Setting financial aims and goals and monitoring progress toward them are both made easier with the help of financial forecasting. Financial forecasting enables businesses to foresee their future cash flow requirements. Businesses can plan their finances to guarantee they have enough cash on hand to satisfy their obligations by precisely projecting cash flow. This is crucial for businesses that depend heavily on the seasons because they must prepare for periods of low cash flow. [/QUOTE]
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