Financial Statement Projections: Definition & Purpose

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Which type of financial projection only uses part of the data that only allows the user to see what is relevant to them?

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1. What type of projection would be used if you would like to make a financial projection based on past data?

2. What type of projection would a new business want to use in order to be successful?

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About This Quiz & Worksheet

The purpose of the quiz/worksheet combo is to check your comprehension of financial statement projections. Their purpose and components are the types of details you need to know for the quiz.

Quiz & Worksheet Goals

As you complete these materials, you'll get to see how much you know about:

  • Example of an external factor to look at when making financial projections
  • An internal factor to consider regarding financial projections
  • Types of projections

Skills Practiced

  • Information recall - access the knowledge you have gained about the projection a new business would use for success
  • Reading comprehension - ensure that you draw the most important information from the lesson on financial statement projections
  • Interpreting information - verify that you can read information about a projection based on past data and interpret it correctly

Additional Learning

Gain additional insights about these projections by working through the lesson, Financial Statement Projections: Definition & Purpose. Thanks to this lesson, you can analyze more about:

  • The definition of a financial projection
  • Differences between internal and external factors
  • How businesses use financial projections
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