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State weather true or false: If modeling strictly based on business relationships, the dollar impact on one account is exactly equal to the dollar impact
State weather true or false:
- If modeling strictly based on business relationships, the dollar impact on one account is exactly equal to the dollar impact of the related account.
- When modeling accounting relationships, one or more accounts may drive the value of other accounts.
- A model of a company's financial statements must exactly replicate historical financial results.
- A forecast applies a model to translate a set of hypotheses about the performance of a financial entity and its behavior into numerical predictions.
- A forecast using the ratio 'Days Sales Outstanding' (DSO) is applying a business relationship.
- Models generate representation of an idea, process or system to explain a real world phenomena.
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