Please respond to the following discussion question. Your response should fully address all elements of the question and be a minimum of 200 to 300 words long. After reading the assigned chapters for this week and completing your individual assignments, describe one important concept or principle you learned this week and how that concept or principle is relevant in your business career, Or describe a concept or principle from this week’s chapter readings where you believe you either need or desire to learn more and why.

Methods of Cash Flow Forecasting

There are typically two central types of cash forecasting strategies, and they include direct and indirect. The express cash estimation is a strategy of predicting money flows and balances for small term liquidity administration functions (Pae & Yoon, 2012). It always but not often incorporates system centered cash flows to create the estimate as close to actual time as possible. On the other hand, indirect cash estimation usually is longer period in nature, and it depends on a variety of indirect strategies of building up cash estimate including the use of expected balance sheet and revenue statements. In summary, the running of cash forecast procedure in many institutions is controlled by the finance group, and the work to be fulfilled in conditions of assembling a forecast position engages gathering information.

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Please respond to the following discussion question. Your response should fully address all elements of the question and be a minimum of 200 to 300 words long. After reading the assigned chapters for this week and completing your individual assignments, describe one important concept or principle you learned this week and how that concept or principle is relevant in your business career, Or describe a concept or principle from this week’s chapter readings where you believe you either need or desire to learn more and why.
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Reference

Pae, J., & Yoon, S. S. (2012). Determinants of analysts’ cash flow forecast accuracy. Journal of Accounting, Auditing & Finance27(1), 123-144.

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