Tax loss carry forward or Carry forward of a loss is basically a provision in certain tax laws which allows a business to carry forward operating losses from the current year and adjust them against the profit of the next year. This helps to reduce tax liability.
The pro-forma financial statements and cash budget enable the firm to determine its future level of asset needs and the associated financing that will be required. Futhermore, one can track actual events against the projections.Bankers and other lenders also use these financial statements as a guide in credit decisions.
- What conditions would help make a percent-of-sales forecast almost as accurate as pro forma financial statements and cash budgets?
FINANCIAL MANAGEMENT IS AN MAMAGEMENT WHICH IS RELATED TO DEAL ALL THE FINANCIAL ACTIVITES
Any business entity is also known as enterprise.