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Financial statements show where you’ve been — but forecasts and projections show where you're headed. In this video, we break down the key differences between financial forecasts and projections and explain when to use each for more effective planning and decision-making. What You’ll Learn: The difference between a forecast and a projection When to use each type of forward-looking financial statement The typical components of these reports (income statement, balance sheet, cash flow) Why rolling 12-month forecasts and projections are growing in popularity Whether you're operating in a steady market or preparing for uncertainty, these tools offer critical insights for budgeting, strategic planning, and goal setting. Start planning smarter by understanding your financial future. Read the Biz Tip to learn more: https://accountants.sva.com/biz-tips/... Read the Financial Reporting eGuide: https://accountants.sva.com/financial... #financialforecast #financialprojection #forecastvsprojection #SVA #svacertifiedpublicaccountants #FinancialForecasting #BusinessPlanning #Projections #StrategicPlanning #FinancialStatements #BusinessProjection #CashFlowForecast #RollingForecast #BusinessFinance #CPATips #businessplanning Chapters: 00:00 Introduction 00:31 Forecasts 00:46 Projections 01:12 Components of Financial Statements