Forecasts Projections And Budget Development
Chugh CPAs, LLP can assist companies during any phase of business cycles with forecasts and projections. When an organization is considering additional financing, evaluating an acquisition or divestiture, or performing short- or long-term strategic planning, the Chugh CPAs, LLP team brings significant experience in various industries to the preparation or attestation of realistic forecasts and projections.
A sample of our services include the following:
- Establishing fundamentally sound assumptions and policies
- Developing realistic and credible forecasts and projections
- Analyzing the potential impact of future transactions
- Providing independent feedback on forecasts and projections
- Assisting in presentations of forecasts and projections
Another buzz word is “knowledge based businesses” – do you know what you need to know? A firm’s competitive advantage depends more than anything on its knowledge. A properly prepared budget gives you knowledge. Knowledge about how well your company should be performing, and why it is or isn’t. Using “what-if” analysis, you can determine how some decisions may affect your bottom-line, before you make the decision. By applying ABC (Activity Based Costing) principles to the forecasting process, you can pinpoint how individual products and services consume costs, and exactly where these costs arise, thereby making previously hidden costs visible.
Using a team approach, our professionals can develop custom budgets for your company, drawing from both practical accounting needs and big-picture thinking. Whether you need a simple spreadsheet or full training and documentation, we have the expertise and experience to move your organization in the right direction.