Financial planning and forecasting in the enterprise management system

Нечипоренко, Аліна Володимирівна and Стабіас, Сергій Миколайович (2022) Financial planning and forecasting in the enterprise management system Ефективна економіка (10). ISSN 2307-2105

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Abstract

The article examines and summarizes the theoretical aspects of financial planning and forecasting in the enterprise management system. The main approaches to the interpretation of the essence of the concept of "financial planning" were considered, and based on this, a generalization was made that the main purpose of financial planning at the enterprise level is the calculation of the needs for financial resources, the volume and directions of their use, the determination of the effectiveness of each financial operation and the results of the enterprise. It is noted that financial planning can be defined as a reasonable process of determining the sources and directions of using the company's financial resources to ensure its effective operation and development in the future. The elements of financial planning at the enterprise are defined, namely: programs, standards, norms, rules, goals, procedures. The elements of financial planning at the enterprise are interconnected and at the same time are components of the mechanism of financial management at the enterprise. Attention is paid to the directions of financial planning - strategic (perspective), tactical (current) and operational financial planning. The main purpose of financial planning is to develop and adjust financial plans that ensure effective management of finances and financial potential. It is noted that long-term financial planning is carried out on the basis of financial forecasting, which includes the strategy of the enterprise and consists in the study of the possible financial state of the enterprise in the future. The main goal and task of financial forecasting at the enterprise level is defined. The main methods of financial forecasting are described. The role of financial planning and forecasting in the enterprise management system is revealed, because it is with the help of financial planning and forecasting that a scientifically based conclusion can be obtained regarding the possible financial state of the enterprise, the terms of achieving the desired result, and alternative ways of developing financial and economic activity.

Item Type:	Article
Uncontrolled Keywords:	financial planning; forecasting; financial resources; plan; forecast; management system; enterprise
Subjects:	Це архівна тематика Київського університету імені Бориса Грінченка > Статті у наукометричних базах > Index Copernicus Це архівна тематика Київського університету імені Бориса Грінченка > Статті у журналах > Фахові (входять до переліку фахових, затверджений МОН)
Divisions:	Це архівні підрозділи Київського університету імені Бориса Грінченка > Факультет економіки та управління > Кафедра фінансів
Depositing User:	Аліна Володимирівна Нечипоренко
Date Deposited:	03 Jan 2023 12:25
Last Modified:	03 Jan 2023 12:25
URI:	https://elibrary.kubg.edu.ua/id/eprint/43657

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