To
manage a business in todays environment, one must be able to analyze
financial information under different assumptions. Future performance
depends in part upon understanding past history.
Whether
planning for expansion, future taxes, or going public, projections are
part of the process. There are several services we provide:
Pro Forma Statements
Pro formas put financial facts in a "what if..." format. The objective is to show the effect of po-tential transactions.
Prospective Statements
Examples of prospectives are forecasts and projections:
- A financial forecast presents a expected financial situation.
- A
financial projection is similar to a forecast except it uses
hypotheticals. A projection an-swers the question "What would happen
if...?"
Budgets
A budget is an estimate of future costs and revenues over a period of
time based on prior experi-ences modified by assumptions about the
future. It may reflect either a strategy or goal. A budget can serve as
a benchmark to measure actual results.
