The first,and most critical,step in constructing a set of forecasted financial statements is the sales forecast.

Name: The first,and most critical,step in constructing a set of forecasted financial statements is the sales forecast.
Brand: Quizplus
Rating: 4.7 (29 reviews)

Question

Quizplus · Accepted Answer

The sales forecast is the starting point for creating forecasted financial statements as it drives many other components of the statements such as cost of goods sold, operating expenses, and ultimately net income.

The First,and Most Critical,step in Constructing a Set of Forecasted