Communiquez avec les autres et partagez vos connaissances professionnelles

Inscrivez-vous ou connectez-vous pour rejoindre votre communauté professionnelle.

Suivre

Should Cash Flow Forecasting report based on Banks Statements or Accounting Data?

user-image
Question ajoutée par Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies
Date de publication: 2015/04/23
Wasim khan wazir
par Wasim khan wazir , Finance Specialist , Mott Macdonald

primary source for preparing forecasted cashflow is financial statement without financials data its impossible to forecast cashflow.

Mohammed Aboelfotouh, CTP
par Mohammed Aboelfotouh, CTP , Treasury Manager , Afwaf Investment Holding Limited - DIFC

When preparing any Cash Forecast you need to consider your Cash in and out for the report period. you have to identify your needs from suppliers, bank obligations and payroll or any other payment (these represents cash-out items). moreover, you have to identify your collections, credit commission and dividends or any other receipts (these represents cash-in items).

 

While preparing the cash forecast you can rely on the historical data whether from accounting system or from bank statement. I believe it should be the same as the accounting system mostly reflects the bank account statement unless if there's any reconciling items.

 

Cash Forecast is an instrument for predicting future liquidity position for a company. so all included figures are anticipated based on previous agreements, future needs or historical data. 

Saidul Alam
par Saidul Alam , Accountant , Akhtar Al Balushi Trad. & Cont. L.L.C

Accounting Data, because all data of cash from operation , investing activities and financing activities are not available in bank statements.

Qasim Ali
par Qasim Ali , Accountant , HABIB RAFIQ (PVT.) LTD LAHORE PAKISTAN

Cash Forecast is based on Accounting Data because bank account is dependent on our business performance.

MOHAMMAD SARFARAZUL HASSAN
par MOHAMMAD SARFARAZUL HASSAN , Financial Analyst , Spectra Support Services

CORRECT ANSWER ACCOUNTING DATA

More Questions Like This