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What would be the best methodology to follow while creating a forecast?

 

• Be conservative

 

• Be extravagant

 

• Base it on a competitor's

 

• Copy someone else's so you don't have to take any pains

Accounting Cash Flow Forecasting Financial Reporting Financial Systems Finance
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Question added by Zehab Osman , Accountant , Aldar Consultancy Co.
Date Posted: 2015/06/06
Upvote (2) Views (10) Followers (4) Answers (3) Report Question
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Shahbaz Hayder
by Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies

Be conservative is the right answer.

Shazia Anees
by Shazia Anees , Assistant Manager Finance , Arham Trading Company

Be conservative ==================

jagadeesh pamu
by jagadeesh pamu , Sr. Engineer , L&T E&A

Be conservative.

or you can use last 12 months consumption treand with respect to yearly forecast.

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