Our Financial and Managerial Accounting Course is designed to give Owners and Managers a real world understanding of the numbers side of their enterprises. In discussing the accounting concepts that are so important to the continued success of your company and your career, we provide a deeper understanding in non-technical language of the accounting issues that affect today’s management decisions.
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Forecasting Methods of Estimating Sales and Estimating Expenses are discussed in this segment. Being able to complete a reasonable Sales Forecast is a very difficult thing to accomplish. Usually Revenue Forecasts are much too optimistic forcing bad decision making on the part of ownership and management. Expense Estimates are generally easier than a Sales Forecast. Not making bad decisions in this area can save companies enormous amounts of money.
How to Forecast