Financial Forecasting and Decision Making, authored by Wallace Davidson III, offers essential tools for accountants aiming to enhance their strategic planning capabilities. Published in 2018 by Wiley, this first edition is packed with practical insights designed to help professionals navigate the complexities of financial forecasting and decision making. Spanning 224 pages, the book equips readers with fundamental techniques to project balance sheets and statements of income and cash flow, adding significant value to their client work.

The content covers a range of critical topics, including:

• Recalling the basics of planning and forecasting financial statements
• Evaluating considerations related to basic forecasting models
• Identifying signs of growth mismanagement and developing skills to determine maximum sustainable growth
• Applying statistical procedures to forecasting
• Analyzing projected or forecasted financial statements

This resource is invaluable for accountants seeking to improve their ability to contribute effectively to strategic planning processes, ensuring that companies are better positioned to achieve long-term success by avoiding common pitfalls associated with poor planning.