Homework: Forecasting Methods & Applications
Competency
Employ accounting data for business analysis and prediction.
Scenario
The Corporate Controller has called you into a planning session and asked you to help with the preparation of an income statement forecast for the coming three years. You both discuss the project and decide that the data you will need it is:
• The last 5 years of income statements
• A forecast of economic data for key economic indicators
• The basic assumptions the company is making in their business plan
Task
The Corporate Controller would like you to use Excel to prepare a high-level, 3-year forecast (income statement format) incorporating the historical, economic forecast, and assumptions provided by the Corporate Controller. The Corporate Controller also states that the Board of Directors loves to see "pictures" of summary data rather than a "bunch of numbers." The Corporate Controller suggests that on a separate tab in Excel to use the graphing function to display total revenues and expenses for the periods covered.
Create and Excel spreadsheet with two tabs labeled:
1. Tab 1: 3-Year Income Statement Forecast
2. Tab 2: Graphs
3. On Tab 1: 3-Year Income Statement Forecast, use the same income statement format and titles as the historical data provided.
Format your homework according to the give formatting requirements:
1. The answer must be double spaced, typed, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the homework, the course title, the student's name, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.
Attachment:- Financial-Statements.rar