Forecasts should be made conservatively. Fluctuations may occur in both receipts and disbursements for a variety of
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Forecasts should be made conservatively. Fluctuations may occur in both receipts and disbursements for a variety of reasons. The level of precision required in a forecast or tolerance for variance should be determined at the organizational level and not on an ad hoc basis.
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Related Book For 
Financial Management In The Public Sector Tools Applications And Cases
ISBN: 9780765636898
3rd Edition
Authors: Xiaohu Wang
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