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Analytical Guidance
CPAs often help their clients by advising on and assisting in financial planning. One of the major types of financial planning assignments is to help prepare financial projections and forecasts. Financial Modeling is used to develop financial forecasts and projections. On the other hand, financial ratio analysis is the basic analysis for understanding trends that will become input for preparing financial forecasts and projections. The Analytical Guidance resource section presents guidance on analyzing financial ratios and preparing financial models. Additionally, it provides guidance on the practical application of statistics to business valuation engagements and tools and aids that would facilitate the assignment's resolution.
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