1 Important Project First Year Monthly Basis Subsequent Yearly Budgets Quarterly Basis 2 U Q34230028

1.) Why is it important to project the first year on a monthlybasis and the subsequent yearly budgets, on a quarterly basis?

2.) How do you use a financial statements in a projectedfinancial statement analysis? Provide rationale for yourapproach.

Expert Answer

1- For a business if a project gets implemented it is veryimportant then they would analyze in detail and come up with themethods to run the project.

Initial stages the project would be monitored to find out ifthere are any deviations in the figures they have alreadyprepared.

In this way they could find the differences that are takingplace for a period of time