Due to the difficulty of projecting financial statements for a young firm,financial forecasts are never required of early-stage ventures.

Question

Quizplus · Accepted Answer

Financial forecasts may not be legally required for early-stage ventures, but they are important for investors and stakeholders to understand the company's expected financial performance and growth potential. Additionally, forecasting can help entrepreneurs identify potential problems and make informed decisions about their business strategies.

Due to the Difficulty of Projecting Financial Statements for a Young