Using What-If Analysis

 Accountants are counted on to provide management with analyzing data to determine best and worst-case scenarios. As future planning becomes more complex, these what-if analyses can increase in complexity and usefulness. Identify and discuss at least three types of what-if analyses that an accountant should be able to perform to measure a firm’s performance over a period. Be sure to include the type of data that will be needed to support this analysis. Justify your response.