The Authors Set Forth a Seven-Step Forecasting Game Plan for Preparing

question 18

Essay

The authors set forth a seven-step forecasting game plan for preparing pro forma financial statements.Discuss the seven steps necessary to prepare the three principal financial statements.

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Definitions:

Line of Work

Refers to one's profession or the specific industry in which someone is employed.

Job

A paid position of regular employment where an individual performs assigned tasks or duties.

Job Description

A document outlining the specific skills required for and basic duties of a particular position.

Occupational Title

The formal designation of a job or position within a company or an industry, reflecting the role or duties performed.