👉 Foreaccounting is a process in accounting where an entity records all transactions it has made, including both positive and negative ones, with the aim of identifying potential risks or opportunities that may arise from those transactions. This information can then be used to make informed decisions about future business operations. In the context of financial management, foreaccounting involves tracking all transactions made by a company over time, as well as any changes in its balance sheet and income statement. The goal is to identify potential risks or opportunities
