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Who do you suspect is being included in creating each step of the various company forecasts?...

Who do you suspect is being included in creating each step of the various company forecasts?

Why? Why not? Be specific about the various players and the reasons they might be involved.

Business   Accounting   
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Answer #1
The following key persons are involved in each step of the various company forecasts:
1 Production manager- To clearly lay out the budgeted units of production and actual units produced for forecasting the standard budget avoiding any wastage
2 Sales manager- To forecast demand based on previous year's experience
3 Purchases manager- To forecast inflation and get the best deals to company ensuring cost reduction
4 CFO- Finance is an integral and important part of a business. Potential sources and application of fund could help in company forecasts
5 Chartered accountant- To ensure that all the laws in relation to the business have been complied with
6 Owner- The ultimate decision maker
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