DIFFERENT PARAMETERS OF THE FINANCIAL FORECASTING AND PLANNING SYSTEMS OF THE ORGANIZATION

Abstract

The article substantiates that forecasting and planning of financial indicators of the enterprise is the basis for further development and expansion of its financial and economic activity. This is what determines their importance in the enterprise management system. It is substantiated that any decision must be preceded by an analysis of the current situation and a forecast of the consequences of taking or not taking this or that administrative decision. As a result of the research, subjective and objective problems of financial planning and forecasting at domestic enterprises were identified. Distinctive parameters of financial planning and forecasting systems are characterized. It is determined that planning includes setting specific goals of the enterprise for a certain period, analysis of methods of their implementation and resource provision, and forecasting gives the opportunity to assume the results of the development of the enterprise. Scenarios of the development of events during forecasting are presented.