Financial managers often state that pro forma cash budgets are more crucial to the successful management of a firm than are the accounting statements. Explain the logic of this statement and present arguments to support such a claim.

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The Answer of Financial managers often state that pro forma cash budgets are more crucial to the successful management of a firm than are the accounting statements. Explain the logic of this statement and present arguments to support such a claim.

Financial Managers Often State That Pro Forma Cash Budgets Are