Answer to Question #78668 in Finance for Liam Johnston

Question

How does:

Revenue forecasting affect the rest of the budget process?

What are the limitations of revenue forecasting technique?

There are several managers—including sales, production and transport—in the company where you work who each understand the company’s budget objectives. As the head accountant you have been given last year’s master budget and told to use all sources of information in assembling objectives and assumptions for the next year’s expense budgets.

Answer 1

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