6. When we prepare the financial forecasts and projections, we need to collect and analyse historical data to identify assumptions and parameters. How will we collect past financial information, and what kind of the past information will we collect? (4 marks) answer:

7. Describe TWO common forecasting methods. (5 marks) answer:

8. List THREE key users or audience for financial forecasts and projections and describe their needs. (6 marks) answer:

9. Outline the factors that may impact on financial forecasts. (4 marks) answer:

10. Describe industry codes of practice, and how it will affect the preparation of financial forecasts and projections. (5 marks) answer:

11. Conduct online research to explain key requirements of relevant legislation and regulations that influence the financial services industry. (5 marks) answer:

12. What factors will you need to consider when forecasting funding needs? (5 marks) answer:

13. Describe the sensitivity analysis, and explain how it will affect the financial forecasts. (5 marks) answer:

14. When we prepare the financial forecasts, why is it important to seek the advice from the relevant persons in charge such as the managers from other departments in the company, and take into consideration about the sales, company credit and payments policy, and cost structure? (2 marks) answer: 15. What factors will you need to consider when forecasting free cash flow and working capital parameters? (5 marks) answer: