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Financial Forecasting in Accounting is the process of predicting future financial performance based on past and current financial data. It is used to help businesses plan for the future and make decisions about investments, operations, and other financial activities. Financial Forecasting involves analyzing financial statements, such as income statements, balance sheets, and cash flow statements, to identify trends and make predictions. It also involves analyzing economic indicators, such as inflation, unemployment, and GDP, to assess the impact of external factors on the business.
Financial Forecasting is an important tool for businesses to manage their finances and make informed decisions. It can help businesses identify potential risks and opportunities, and plan for the future.
Some companies in the Financial Forecasting market include Intuit, Sage, Adaptive Insights, Oracle, and Workday. Show Less Read more