Financial Planning And Forecasting

about the objective laws of social development, trends of movement of financial resources; about the study of the original database results previously conducted activities and financial transactions.

Financial plan – is a plan for the formation, distribution and use of financial resources. Financial plans are all the links in the financial system, by the way the shape of the financial plan, the composition of its indicators shows the specifics of the section of the financial system. Thus, companies and organizations that operate on a commercial basis, make balance sheets of i
ncome and expenditure; institutions engaged in nonprofit work make estimates; insurance companies, associations and cooperative organizations make financial plans; public authorities – the budgets of different levels.

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