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Budgeting vs. Financial Forecasting: What’s the Difference?

ByMario Cazombo

Reviewed by David KindnessFact checked by David Rubin Budgeting vs. Financial Forecasting: An Overview Budgeting and financial forecasting are tools that companies use to establish a plan for where management wants to take the business and whether it is heading in the right direction. Although budgeting and financial forecasting are often used together, distinct differences exist between the two concepts. Budgeting…

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GAAP vs. Non-GAAP: What’s the Difference?

ByMario Cazombo

Reviewed by Somer AndersonFact checked by Vikki Velasquez GAAP vs. Non-GAAP: An Overview Generally accepted accounting principles, usually called GAAP, are the rules that accountants for public companies in the U.S. must follow to make sure that the numbers they report to the company’s investors are clear and accurate. GAAP rules are intended to prevent company…