Prospective financial information definition
Prospective financial information means financial information based on assumptions about events that may occur in the future and possible actions by an entity. It is highly subjective in nature and its preparation requires the exercise of considerable judgment. Prospective financial information can be in the form of a forecast, a projection or a combination of both, for example, a one year forecast plus a five year projection.
Prospective financial information means information about future financial performance, future financial position, future cash flows, and future movements in equity based on assumptions about future events and courses of action. Prospective financial information includes prospective financial statements, the notes to the prospective financial statements, and any narrative relating directly to the prospective financial statements.
Prospective financial information means fi- nancial information based on assumptions about events that may occur in the future and possible actions by an entity. It is highly subjective in na- ture and its preparation requires the exercise of considerable judgment. Prospective financial in- formation can be in the form of a forecast, a pro- jection, or a combination of both, for example, a one year forecast plus a five year projection.
More Definitions of Prospective financial information
Prospective financial information means financial information based on assumptions about events that may occur in the future and possible actions by an entity. It can be in the form of a forecast or projection or combination of both.