1. What are deferred taxes, and how do they come into being?
2. What are pro forma financial statements?
3. What is the percentage of sales forecasting method? What are some of the limitations financial analysts should be aware of in applying this method?
4. What is a cash budget? What are the usual steps involved in preparing a cash budget?
5. Illustrate how the statement of cash flows can be used as a financial planning technique.
6. Explain the difference between deterministic and probabilistic financial planning models.