Define and describe the purpose of pro-forma financial statements
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Get it written →Address the following questions. Number your answers within the paper 1, 2 and 3.
1. Define financial forecasting and describe the advantages of financial forecasting to a given firm, to bankers and other possible lenders
2. Define and describe the purpose of pro-forma financial statements and the process involved in developing pro-forma financial statements including the use of the cash conversion cycle and its impact on projected working capital
3. Discuss the importance of understanding the interaction between accounting data and financial forecasting
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