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Tuesday, August 4, 2020 | History

4 edition of Computerized financial forecasting and performance reporting found in the catalog.

Computerized financial forecasting and performance reporting

Michael R. Tyran

Computerized financial forecasting and performance reporting

by Michael R. Tyran

  • 217 Want to read
  • 27 Currently reading

Published by Prentice-Hall in Englewood Cliffs, N.J .
Written in English

  • Accounting -- Data processing.,
  • Business enterprises -- Finance -- Data processing.

  • Edition Notes

    Includes index.

    StatementMichael R. Tyran.
    LC ClassificationsHF5679 .T98 1980
    The Physical Object
    Pagination331 p. :
    Number of Pages331
    ID Numbers
    Open LibraryOL4098628M
    ISBN 100131661736
    LC Control Number80012971

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Computerized financial forecasting and performance reporting by Michael R. Tyran Download PDF EPUB FB2

Get this from a library. Computerized financial forecasting and performance reporting. [Michael R Tyran]. More mature performance reporting takes a holistic approach to answering the “why” behind financial results. Key to the mature state is the ability to capture and integrate a wide variety of data from different sources — from enterprise resource planning tools and FP&A systems to the disparate Microsoft Office files that inevitably float.

Financial forecasting is the process in which a company determines the expectations of future results. Financial modeling takes the financial forecasts and builds a predictive model that helps a. Unlike budgeting, financial forecasting does not analyze the variance between financial forecasts and actual performance.

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Financial forecasting is an estimate of financial performance for a future period. Essentially, it's an educated guess of the composition of future financial statements. It's a guess as no one, no matter how good they are, can accurately predict the future. However, it's an educated guess because one can use historical factors and adjust them for known current events and future.

a) Computers can free up accountants to do important tasks, such as financial analysis and forecasting. b) Computers have been programmed to make their own financial decisions. c) Computerized accounting systems have actually made the accounting process slightly more complicated because of the need to understand the software.

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There are a number of methods that can be used to develop a financial forecast. These methods fall into two general categories, which are quantitative and qualitative. A quantitative approach relies upon quantifiable data, which can then be statistically manipulated.

A qualitative approach rel. Using Accounting and Financial Information: Analyzing, Forecasting & Decision-Making - Kindle edition by Bettner, Mark.

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Forecasting and Performance Evaluation includes six courses that cover planning and budgeting, the budgeting process, forecasting techniques, performance measures, and variance analysis. Planning and Budgeting Explores the purposes of budgeting such as for planning.

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