Chapter 24, Problem 21Q

To determine

Forecast: Any prediction or estimation is made for the events that is going to occur in the near future is said to be the forecast.

To determine some arguments for reporting earnings forecast on the comment appeared in financial press. “Inadequate financial disclosure, particularly with respect to how management views the future and its role in the marketplace, has always been a stone in the shoe. After all, if you don’t know how a company views the future, how can you judge the worth of its corporate strategy?”