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Which step of formulating a financial budget involves using forecasting techniques to help predict revenue?
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Which step of formulating a financial budget involves using forecasting techniques to help predict revenue?

User UniXVanXcel
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6 votes

Answer: it’s not A got it wrong

Step-by-step explanation:

User Albertamg
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Answer: The correct answer is (A): planning and gathering financial information.

Explanation: Forecasting technique is used while planning and gathering financial information. This step helps in predicting revenue. Formulation of financial budget depends on the size and type of the business. This information is used by organization for developing their budgets. It helps to forecast the future, anticipate risks and prevent them.

User Rohan Varma
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