Reforecast
Definition
An updated projection of the company's financial performance for the remainder of the current period, prepared using current information about trading conditions, pipeline, and operating costs, without changing the approved annual operating plan. The reforecast is a probability estimate; the annual operating plan is the accountability reference. The two must be maintained separately.
Common Misapplication
The most common misapplication is treating the reforecast as a revised operating plan and using the reforecast figure as the reference against which management performance is assessed at year end. If the reforecast replaces the plan as the accountability reference, management is never accountable for deviations from the original commitment.
FFI Standard Reference
This term is defined and applied in Book 6, Section 6.1: The Annual Operating Plan Standard.
Related Terms
Citable URL
This term may be cited using the following permanent URL.
Full citation format: Founder Financial Infrastructure Standard, Beta v0.5, Glossary: Reforecast. https://ffistandard.org/glossary/reforecast/. 2026.