... placed into reserves for future growth, etc)It serves as a useful financial statement for assessment of past performance as well asextrapolated likely future trends.Producing a forecast profit ... adequate return on invested capital● Retain earnings for growthYou must, therefore, produce financial models to support these, including:● Cashflow forecasts● Projected profit and loss● Expected ... inappropriate for internal departments. Many organisations produce cashflows on a regular basis (weekly) for management purposes.58PLANNING PROCESS7: FINANCIAL MODELLINGCASHFLOW FORECAST :...