Financ Financial ial Forec ecas asting ting Wha What are 1. - - PowerPoint PPT Presentation

Financ Financial ial Forec ecas asting ting Wha What are yo your key as assumptio tions?

• 1. What data are you using?
• 2. What are the sensitivities in your

assumptions?

• 3. What are you assuming that you cannot

control?

Financ Financial ial Forec ecas asting ting Ho How w often en ar are e yo you updating fo forecasts?

• 1. Constantly changing environment
• 2. Balancing act of resources
• 3. What did you get wrong?

Financ Financial ial Forec ecas asting ting Ho How w far ar out ut ar are e you lo lookin ing?

• 1. Going concern accounting requirements
• 2. Medium term planning

Financ Financial ial Forec ecas asting ting Wha What is s your ur re reasonable wo worst-ca case sc scenario?

• 1. How long can this go on for?
• 2. What future income is guaranteed?
• 3. What are the cascading effects of

longer term impact?

Financ Financial ial Forec ecas asting ting Whe When n do do you u ha have e to make e dec decisions ns?

• 1. What are the trigger points in your

forecasting for action?

• 2. What information do you need to make

difficult decisions?

Financ Financial ial Forec ecas asting ting Wha What can n you u no not control? ?

• 1. Future support
• 2. The value of assets and liabilities
• 3. Engagement with stakeholders

Top Ti Tips

• Something is better than nothing.
• Speak to stakeholders / partners /

auditors early and often.

• Acknowledge what you don’t know.

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