Cash flow forecast vs projection

Hello Sir,

Simple assumption difference. Both are future oriented.

Forecast is done basing on existing conditions.
Hence, it reflects the actual scenario.
What it actually is!

Projection is done basing on imaginary conditions (or say, the cash flow what if the company deviates from the existing conditions and follows a different path?).
Hence, it reflects the desired scenario/imaginary scenario.
What you want it to be like!

For simplifying your work, Microsoft is offering Cash Flow Forecast Templates (free).
Download it and make your work easy.

Hoping I was of some help.

Regards,
Subhash.