The key outputs of the short-term financial planning process are the ________.
A) cash budget, pro forma income statement, and pro forma balance sheet
B) sales forecast and capital assets journal
C) sales forecast and schedule of changes in working capital
D) income statement, balance sheet, and source and use statement

Question

Quizplus · Accepted Answer

The key outputs of short-term financial planning process are the cash budget, pro forma income statement, and pro forma balance sheet. These outputs help in forecasting the future financial position of the company, managing cash flows effectively, and identifying the areas where cost-cutting is required for better financial performance.

The Key Outputs of the Short-Term Financial Planning Process Are