Instructions for main discussion post (Around 250 words) Please, write a discussion post about the below topic/Statement. Topic/Statement: The prospective analysis is the last step of the financial...

Running Head: ACCOUNTING        1
ACCOUNTING         2
ACCOUNTING
Table of Contents
1. Uses for Prospective Analysis    3
2. Steps before Forecasting Process    3
References    4
1. Uses for Prospective Analysis
Prospective analysis is a last and final step in making in the process of analysing of financial statements. Moreover, prospective analysis can only be done after the proper adjustment of financial statements, so that it can correctly show the economic performance of an organization. According to Osadchy et al. (2018), prospective analysis is to be carried out in the two broad areas such as long term forecasting and in implementation.
In a long term, forecasting prospective analysis...