INSTRUMENTS AND METHODS USED IN THE FINANCIAL MANAGEMENT FOR INCREASING THE PREDICTIVE SIDE OF THE ACCOUNTING INFORMATION
INSTRUMENTS AND METHODS USED IN THE FINANCIAL MANAGEMENT FOR INCREASING THE PREDICTIVE SIDE OF THE ACCOUNTING INFORMATION

Summary/Abstract: In an economy characterized by permanent changes, the financial managers must permanently anticipate the future tendencies of the economy and implicitly of the organisation in order to make sure that the operational decisions and the financial policies are in accordance with the established objectives as well as to provide a solid financial basis. Starting from this idea, the paper captures firstly, the necessity of financial forecasting within organisations. Moreover, the instruments and methods for financial forecast are also presented, such as the budget, the financial statements, the cost-volume-profit-value analysis.

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