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Reliable and efficient access to information has become a must for business firms to stay competitive. One simple way is to deploy web-based accounting systems in your workplace. This is particularly so as the functions of web-based software packages are getting more varied and not only confined to the bookkeeping aspects: financial accounting &reporting;[...] Continued from Part 1 &2 on Sales and Production Forecast,append below a suggested checklist of what factors and the sources might be considered when constructing the Cash Forecast
Cash Forecast
Factors: How long a period the forecast will cover? Past cash forecasts;Demand for the products;[...] Continued from Part 1 on Sales Forecast,append below a suggested checklist of what factors and the sources might be considered when constructing the Production Forecast
Production Forecast
Factors: Sales activity;Availability of resources such as labor and materials;Rate of inflation;Influence of the market forces on [...] To plan,we need to put up forecasts. By doing so,Management can better anticipate major opportunities,challenges,etc that may impact the company’s performance Managers use economic and statistical techniques to anticipate the future. There are many varied method of forecasting which include Delphi method,econometics,simulation,correlation. Forecasting techniques are qualitative [...] Two Major Changes are: The abolishment of the imputation system and the implementation of single-tier system of taxation for dividends,impacting both the Inland Revenue Board (IRB) and the taxpayer. Present: Company income tax is based on the full imputation system where tax is imposed at the company level and at the shareholder level on [...] |  FCCA,CA(MIA)with more than 26 years of post-qualifying working experiences. Previous working stints with one of the big accounting four,Regional GFC & Group Treasurer in a group of Malaysian and Group CFO in Singapore public listed concern.Also author to another very popular free educational accounting cum finance blog:http://basiccollegeaccounting.com under the branding of College Accounting Coach. | |||||
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