What is the most important factor in a cash forecast: accuracy, timeliness or telling senior management...

What is the most important factor in a cash forecast: accuracy, timeliness or telling senior management what they want to hear? Use your personal cash forecasting experience, professional or personal, to answer the question. Do you most want to get it right, get it done or make the audience (you, if it is personal) feel good?

Expert Solution

The most important factor in a cash forecast will be accuracy because management will always be trying to achieve the accuracy in its cash forecasting because it will be helpful in order to project the cash flows which are accruing to the company accurately, and it will also help in maintaining a consistent futuristic projection of cash flows and it will also be helping in maintenance of lesser variance while computation of budgeting cash flows.

When there is an accuracy in the cash flows, then the goals of the organisation are met, and that will help the organisation in order to maximize their overall organisational value and that will also help the organisation in order to maintain a minimum variance between standard cash flows and actual cash flows and that with helpful in control management also.

I will always be trying to get it as close as the actual cash flows because that will be helpful in order to maintain consistency in cash flows management and it is just not about forecasting any figure so the proper risk management approach has to be adopted in advance and the proper analysis has to be done of the risk exposures and the macro as well as micro environment in order to arrive at accuracy in the cash flow projection to maximize the value of the organisation.

jeff jeffy answered 2 years ago

The most important factor affecting the credibility of the auditor is that of independence. What is...

The most important factor affecting the credibility of the auditor is that of independence. What is your understanding of independence and also how can an auditors independence be compromised or threaten? Notes: You may give example/s to support your statements. Minimum 700 words answer is required. Avoid any type of plagiarism. Mention your sources: websites, books, journals etc.

Using the naïve method (most recent value) as the forecast for the next week, compute the following measures of forecast accuracy:

Consider the following time series data. Week123456Value201315111714Using the naïve method (most recent value) as the forecast for the next week, compute the following measures of forecast accuracy: a. Mean absolute error (MAE) b. Mean squared error (MSE) c. Mean absolute percentage error (MAPE) Round your answers to two decimal places. MAE = MSE = MAPE = Using the average of all the historical data as a forecast for the next period, compute the same three values. Round your answers to two decimal places. MAE = MSE = MAPE = Which method appears to...

using the naïve method (most recent value) as the forecast for the next week, compute the following measures of forecast accuracy.

Consider the following time series data:Week 1 2 3 4 5 6Value 18 13 16 11 17 14using the naïve method (most recent value) as the forecast for the next week, compute the following measures of forecast accuracy.a. mean absolute errorb.mean squared errorc. mean absolute percentage errord.What is the forecast for Week 7?2. refer to the time series data in exercise 1. using the average of all the historical data as a forecast for the next period, compute the...

Using the naïve method (most recent value) as the forecast for the next week, compute the following measures of forecast accuracy:

Consider the following time series data. Week 1 2 3 4 5 6Value 19 12 16 10 17 15 Using the naïve method (most recent value) as the forecast for the next week, compute the following measures of forecast accuracy: Mean absolute error (MAE)Mean squared error (MSE)Mean absolute percentage error (MAPE) Round your answers to two decimal places. MAE = MSE = MAPE = Using the average of all the historical data as a forecast for the next period, compute...

Using the naïve method (most recent value) as the forecast for the next week, compute the following measures of forecast accuracy.

Consider the following time series data. Week 1 2 3 4 5 6 Value 19 13 15 10 17 13 Using the naïve method (most recent value) as the forecast for the next week, compute the following measures of forecast accuracy. (a) Mean absolute error If required, round your answer to one decimal place. (b) Mean squared error If required, round your answer to one decimal place. (c) Mean absolute percentage error If required, round your intermediate calculations and final...

Using the naive method (most recent value) as the forecast for the next week, compute the following measures of forecast accuracy.

Consider the following time series data. Week 1 2 3 4 5 6 Value 18 13 16 11 17 14 Using the naive method (most recent value) as the forecast for the next week, compute the following measures of forecast accuracy. a. Mean absolute error (to 1 decimal). b.Mean squared error (to 1 decimal). c. Mean absolute percentage error (to 2 decimals). d. What is the forecast for week 7 (to 2 decimals)?

Using the naive method (most recent value) as the forecast for the next week, compute the following measures of forecast accuracy.

Consider the following time series data. Week 1 2 3 4 5 6 Value 20 15 18 14 18 15 Using the naive method (most recent value) as the forecast for the next week, compute the following measures of forecast accuracy. a. Mean absolute error (to 1 decimal). _______ b.Mean squared error (to 1 decimal). _____ c. Mean absolute percentage error (to 2 decimals). _____% d. What is the forecast for week 7 (to 2 decimals)? ______

Using the naïve method (most recent value) as the forecast for the next week, compute the following measures of forecast accuracy.

Consider the following time series data. Week 1 2 3 4 5 6 Value 18 12 16 11 17 14 Using the naïve method (most recent value) as the forecast for the next week, compute the following measures of forecast accuracy. (a) Mean absolute error If required, round your answer to one decimal place. (b) Mean squared error If required, round your answer to one decimal place. (c) Mean absolute percentage error If required, round your intermediate calculations and final...

Using the naïve method (most recent value) as the forecast for the next week, compute the following measures of forecast accuracy.

Consider the following time series data: Week 1 2 3 4 5 6 -------------------------------------------------------------------------------------------------------- Value 18 13 16 11 17 14 Using the naïve method (most recent value) as the forecast for the next week, compute the following measures of forecast accuracy. A. mean absolute error B. mean squared error C. mean absolute percentage error d. What is the forecast for Week 7?

In your opinion, what is the most important factor to consider when determining if it is...

In your opinion, what is the most important factor to consider when determining if it is feasible to do business in a country? Support your answer with an example.

Question

What is the most important factor in a cash forecast: accuracy, timeliness or telling senior management...

Solutions

Expert Solution

Related Solutions

The most important factor affecting the credibility of the auditor is that of independence. What is...

Using the naïve method (most recent value) as the forecast for the next week, compute the following measures of forecast accuracy:

using the naïve method (most recent value) as the forecast for the next week, compute the following measures of forecast accuracy.

Using the naïve method (most recent value) as the forecast for the next week, compute the following measures of forecast accuracy:

Using the naïve method (most recent value) as the forecast for the next week, compute the following measures of forecast accuracy.

Using the naive method (most recent value) as the forecast for the next week, compute the following measures of forecast accuracy.

Using the naive method (most recent value) as the forecast for the next week, compute the following measures of forecast accuracy.

Using the naïve method (most recent value) as the forecast for the next week, compute the following measures of forecast accuracy.

Using the naïve method (most recent value) as the forecast for the next week, compute the following measures of forecast accuracy.

In your opinion, what is the most important factor to consider when determining if it is...