FINANCIAL FORECASTS Definition

Bookmark and Share

FINANCIAL FORECASTS are prospective financial statements that present expected future financial position, results of operations, and cash flows based on expected conditions, i.e. a financial forecast is of the most likely future scenario.

Learn new Accounting Terms

BUSINESS UNIT is equivalent to a wholly owned subsidiary except that it is not treated as a separate legal entity. It is an organization within a firm that could operate separately because it has all support functions contained within the business unit. The internal financial reporting from a business unit to the corporate office is basically identical to a separate legal entity.

AGI (Annual Gross Income) is annualized total income prior to exclusions and deductions.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.