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Predictive Accounting Helps Understand Impact of Decisions

Dec 11, 2020

Knowing the financial impact of decisions before a client implements them is very important for financial stability.  This process is generally known as “Predictive Accounting”.

The process commences with an examination of the key drivers relative to the physical number of units to be produced and the calculation of the direct costs that will be involved in that process.  The calculation of stock holdings can be made, based on manufacturing/purchase estimates and the unit sales based on estimates from salespeople.

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