cfm analyst Interview Questions and Answers for Freshers

Budgeting is the process of creating a financial plan for a specific period, while forecasting is predicting future financial outcomes.

• Budgeting involves setting financial goals and creating a plan to achieve them

• Forecasting involves predicting future financial outcomes based on past data and trends

• Both are important tools for financial planning and decision-making

• Examples include creating a budget for a business or forecasting sales for a new product