Relying on accounting to avoid forecast errors

Assignment Help Accounting Basics
Reference no: EM131099498

10.1 RELYING ON ACCOUNTING TO AVOID FORECAST ERRORS. The chapter states that forecasts of financial statements should rely on the additivity within financial statements and the articulation across financial statements to avoid internal inconsistencies in forecasts. Explain how the concepts of additivity and articulation apply to financial statement forecasts. Also explain how these concepts can help the analyst avoid potential forecast errors.

Reference no: EM131099498

Questions Cloud

Question regarding the distributed population : For the following questions, assume a normally distributed population.
Binomial with a correction for continuity : Use the normal approximation to the binomial with a correction for continuity. Round your answer to at least three decimal places. Do not round any intermediate steps.
Job prior to graduation : Suppose that 55% of all college seniors have a job prior to graduation. If a random sample of 85 college seniors is taken, approximate the probability that 48 at most have a job prior to graduation.
Explain the temporary assistance for needy families : The Temporary Assistance for Needy Families (TANF) block grant through the Personal Responsibility and Work Opportunity Reconciliation Act of 1996 was designed to "end welfare as we know it" (Policy Basics, 2015).
Relying on accounting to avoid forecast errors : 10.1 RELYING ON ACCOUNTING TO AVOID FORECAST ERRORS. The chapter states that forecasts of financial statements should rely on the additivity within financial statements and the articulation across financial statements to avoid internal inconsisten..
Random variable with probability density function : Let X be a random variable with probability density function f(x) = 3 / (1+x)^4, x>0 zero otherwise
Classifying costs as factory overhead : Which of the following items are properly classified as part of factory overhead for Ford Motor Company, a maker of heavy automobiles and trucks?
Mean profit and standard deviation of profit : Find the mean profit and the standard deviation of the profit. Gabelli Partners owes its source of capital a fee of $200,000 plus 10% of the profits X. So thefirm actually retains Y = 0.9X - 0.2 from the investment. Find the mean and standard devi..
Reported to the environmental protection agency : Research Problem 1. Murray reported to the Environmental Protection Agency that his employer was illegally dumping chemicals into a river. His charges were true, and Murray's employer was fined.

Reviews

Write a Review

 

Accounting Basics Questions & Answers

  Prepare the variable costing format income statement

Dallas Gourmet Grocery (Dallas) expects to have the following financial accounting income statement for the current year, Prepare the variable costing (contribution margin) format income statement for Dallas

  On january 1 2015 weaver corporation purchased a patent for

on january 1 2015 weaver corporation purchased a patent for 237000. the remaining legal life is 20 years but the

  Te iasc 1998 p50 stated that many developing and newly

the iasc 1998 p.50 stated that many developing and newly industrialised countries are using international accounting

  Explain your typical customer''s needs

How has the doubling of your firm's customer base every 6 months affected its ability to maintain this focus on the customer? If this dramatic growth continues, what are some specific actions your firm will take to retain its goal of "focus on the..

  Train apprentice mechanics

If the profit of Vroom Ltd exceeds $3 million, Freda receives the maximum bonus of $30 000. Vroom Ltd currently receives a grant from the government of $100 000 per year to employ and train apprentice mechanics.

  Prepare a report showing the customer margin on sales

The company just completed a single order from SkateCo for 3,200 entry-level skateboards. The order was produced in 27 batches. Each skateboard required 0.7 direct labour-hours. The selling price was $125 per skateboard, the direct materials cost ..

  Current issues in tax accounting

Current Issues in Tax Accounting

  Autocar company manufactures automobiles the red car

autocar company manufactures automobiles. the red car division sells its red cars for 25000 each to the general public.

  Walmart illustration of inventory disclosure

Background: As one of the world's largest retail giants, Wal-Mart provides a perfect illustration of inventory disclosure. What is Walmart's ending inventory as of January 31, 2013? What percentage of Walmart's total assets is the Inventories asset?

  Problem regarding the evaporation of river water

To avoid this "thermal pollution" of the river, the plant could instead be cooled by evaporation of river water. (This is more expensive, but in some areas it is environmentally preferable.) At what rate must the water evaporate? What fraction of ..

  Explain whether you consider what they did morally

explain whether you consider what they did morally permissible or impermissible. determine the obligations ideals and

  1 statement of cash flows presentation selected financial

1 statement of cash flows presentation. selected financial statement information and additional data for johnston

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd