Financial Planning and Forecasting
The concept explains the structured methodology that allows organisations to evaluate future financial needs. It also reviews how this technique is used to assess the amount of cash the company requires if a project develops more quickly or slowly than expected.
Technique Overview
Financial Planning and Forecasting Definition
Financial Forecasting uses a set of techniques to determine the amount of additional financing a company will, or may, require in the future (Moyer et al., 2008). It can also be a useful approach for assessing a new venture's profitability (Longenecker et al., 2005). Methods employed include, but are not limited to, assumptions, expectations, scenarios, sales percentage, and in addition there are more mathematical analytic methodologies, such as financial ratio based or regression analysis based forecasting.
Financial Planning and Forecasting Description *
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Business Evidence
Strengths, weaknesses and examples of Financial Planning and Forecasting *
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Business Application
Implementation, success factors and measures of Financial Planning and Forecasting *
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Professional Tools
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Further Reading
Financial Planning and Forecasting web and print resources *
Financial Planning and Forecasting references (4 of up to 20) *
- CBSNews (2011) Softbank profit surges on brisk smartphone sales. 28 July. Available at:
[Accessed on 8 December 2011]. - Klayman, B. (2010) Nike future orders disappoint, shares fall. Reuters, 22 December. Available at:
[Accessed on 8 December 2011]. - Longenecker, J.G., Moore, C.W., Palich, L.E., Petty, J.W. (2005) Small Business Management: An Entrepreneurial Emphasis. Cengage Learning.
- Mayes, T.R., Shank, T.M. (2009) Financial Analysis with Microsoft Excel 2007. Cengage Learning.
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