budget+and+a+forecast?

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How do I create a cash flow forecast

Financial Forecasting different methodsales percentage method

What is the difference between a budget and a forecast?

In essence, a budget is a quantified expectation for what a business wants to achieve. Its characteristics are: The budget is a detailed representation of the future results, financial position, and cash flows that management wants the business to achieve during a certain period of time.

The budget may only be updated once a year, depending on how frequently senior management wants to revise information.

The budget is compared to actual results to determine variances from expected performance.

Management takes remedial steps to bring actual results back into line with the budget.

The budget to actual comparison can trigger changes in performance-based compensation paid to employees.

Conversely, a forecast is an estimate of what will actually be achieved. Its characteristics are: The forecast is typically limited to major revenue and expense line items. There is usually no forecast for financial position, though cash flows may be forecasted.

The forecast is updated at regular intervals, perhaps monthly or quarterly.

The forecast may be used for short-term operational considerations, such as adjustments to staffing, inventory levels, and the production plan.

There is no variance analysis that compares the forecast to actual results.

Changes in the forecast do not impact performance-based compensation paid to employees.

Thus, the key difference between a budget and a forecast is that the budget is a plan for where a business wants to go, while a forecast is the indication of where it is actually going. Realistically, the more useful of these tools is the forecast, for it gives a short-term representation of the actual circumstances in which a business finds itself. The information in a forecast can be used to take immediate action. A budget, on the other hand, may contain targets that are simply not achievable, or for which market circumstances have changed so much that it is not wise to attempt to achieve. If a budget is to be used, it should at least be updated more frequently than once a year, so that it bears some relationship to current market realities. The last point is of particular importance in a rapidly-changing market, where the assumptions used to create a budget may be rendered obsolete within a few months. In short, a business always needs a forecast to reveal its current direction, while the use of a budget is not always necessary.

=2015年4月自考财务管理学考点：产品销售收入的预测方法 = 2015-02-27 14:43 网络 【 】【 我要纠错 】  1）时间序列法. 可分为历史同期（季）平均法、滚动（或加权滚动）平均法和基数加平均变动趋势法. 2）因果（相关）分析法. 一般适用于销售量直线上升的企业. 3）本量利分析法. 在成本划分为变动成本和固定成本的基础上.
 * 产品销售收入的预测方法，主要有以下几种：**