The one sure thing about financial projections is that they will be wrong—perhaps by only a little, or perhaps by a lot

Discussion

The one sure thing about financial projections is that they will be wrong—perhaps by only a little, or perhaps by a lot. But managers must still make decisions. In fact, making no decision is really a type of decision—a choice to do nothing.

In your initial post, answer this question: How can you explain the uncertainties in financial projections without scaring your audience?

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A financial projection is very vital in any business or organization because it helps in foretelling about the business revenue in the future as well as analyzing expenditures. It also helps in accounting information like the business income and elaborates on the estimate of external market factors and their development. Financial projections also create a business estimation of economic conditions in the future (Mihalciuc, Grosu & Musteață, 2018). In some……………………..

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