Features of financial forecasting of the company

The activity of any company is connected with the investment of funds and the profit. The effectiveness of this process depends on how well the near and far prospects of the organization's development are formed, i.e. how the forecast is identified. In order to assess the possible amount of income, it is necessary not only to adhere to the built sequence of actions, but also to take into account the future state of the company, to analyze the external environment, i.e supply and demand on the market, existing competitors, the structure of assets and sources of funding. Determination of the financial condition and development of the enterprise in the future on the basis of the prevailing trends is forecasting.