Question: There are 8 practical suggestions for making financial forecasts: Develop realistic sales projections Build projections from clear assumptions about marketing and pricing plans Do not

There are 8 practical suggestions for making financial forecasts: Develop realistic sales projections Build projections from clear assumptions about marketing and pricing plans Do not use unrealistic profit margins Don't limit your projections to an income statement Provide monthly data for the upcoming year and annual data for succeeding years Avoid providing too much financial information Be certain that the numbers reconcileand not by simply plugging in a figure; and Follow the plan. Discuss the importance of the suggestions and the potential consequences of ignoring these suggestions. Feel free to pick a topic and go into more detail about why you think it is important and the specific consequences of not following it

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