What do you do about the balance sheet and cash flow statement when you are building a 3-statement model three quarters into the year?
So to me, it doesn't make sense to forecast 2022 when I have the Q3 results. I want to keep 2022 on the historical side of my model.
I understand how to find the 2022 TTM data easily for the income statement. My problem is with how to present the 2022 balance sheet and cashflow statement. Should I just insert the last 9 months data from the Q3 8-Q Report for both of those financial statements and then forecast from there?
It would not be responsible I think to treat the model as though 2022 data does not exist.
Also, I am building this for practice (for myself) so I don't have a manager to ask or something like that.
Thanks for anyone's input on this!
I’d go off FY22 guidance (assuming it was updated with Q3 results). Just my preference though. I don’t know anything.
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