What are financial forecasts and financial projections?

Answer:
Financial forecasts and financial projections are estimated future financial statements of the company that presents its expected financial position. Financial forecasts assume that the company will continue to function in the same manner as it is currently functioning and in financial projections there are few hypothetical assumptions about a company's future course of action.
First answer by Enc of Biz and Finance. Last edit by Iiflflame India. Contributor trust: 0 [recommend contributor recommended]. Question popularity: 2 [recommend question].