Practical aspects of forecasting the company’s financial performance
https://doi.org/10.26425/1816-4277-2021-8-160-167
Abstract
Financial planning and forecasting are important functions of financial managers, analysts and are important in making management decisions. Long-term growth and strengthening of the company’s position in the market are impossible without high-quality financial planning. Improving the quality of forecasting requires a thorough analysis of the application of various methods and techniques. The article considers the methodological problems of forecasting key financial indicators related to forecasting the final results of the company. The algorithm for creating refined factor predictive models of financial indicators has been presented and tested. Based on the combined application of various economic and mathematical methods, the forecasting method has been improved, which makes it possible to reduce the forecast error, which in turn allows us making more accurate financial decisions.
About the Authors
V. V. Kookueva
Plekhanov Russian University of Economics
Russian Federation
Russian Federation
Cand. Sci. (Econ.)
Moscow
A. A. Aliev
Plekhanov Russian University of Economics
Russian Federation
Russian Federation
Cand. Sci. (Econ.)
Moscow
R. I. Khavich
Plekhanov Russian University of Economics
Russian Federation
Russian Federation
Master’s degree
Moscow
References
1. Batyreva A. M., Moldovan A. A. Financial planning in a business management system, Bulletin of Science and Education, 2020, no. 1, pp. 24–26 (In Russian).
2. Georgiev G. A. Forecasting financial performance of the organization, Economics: Yesterday, Today and Tomorrow, 2019, vol. 9, no. 1A, pp. 638–644. (In Russian).
3. Gerasimov B. I. Organization of planning at the enterprise, Moscow, Forum, 2016, 239 p. (In Russian).
4. Tret’yakova O. V, Budanova Yu. V. Comparative analysis for forecasting financial results, Economics and Business: Theory and Practice, 2019, no. 5-1, pр. 205–209. (In Russian).
5. Fedyanina M. A. Methods for predicting the financial condition of food retail companies, Proceedings of the III International Scientific and Practical Conference “Scientific Paradigm – 2019”, October 3, 2019, Anapa, pp. 22–26. (In Russian).
6. Shokhin E. I. Financial management. Textbook – Knorus, 2017, 203 p. (In Russian).
7. Financial Statements of the PJSC “Acron”. Available at: https://www.acron.ru/ (accessed 25.05.2021).
8. Financial Statements of the PJSC “ALROSA”. Available at: http://www.alrosa.ru/ (accessed 25.05.2021).
9. Financial Statements of the PJSC “Aeroflot”. Available at: https://www.aeroflot.ru/ (accessed 25.05.2021).
10. Financial Statements of the PJSC “Detskii mir”. Available at: https://ir.detmir.ru/ (accessed 25.05.2021).
11. Financial Statements of the PJSC “Magnit”. Available at: https://www.magnit.com/ru (accessed 25.05.2021).
12. Financial Statements of the PJSC “MTS”. Available at: https://moskva.mts.ru (accessed 25.05.2021).
13. Financial Statements of the PJSC “Uralkali”. Available at: https://www.uralkali.com/ru (accessed 25.05.2021).
14. Financial Statements of the PJSC “Yandex”. Available at: https://yandex.ru/company/ (accessed 25.05.2021).
Review
For citations:
Kookueva V.V., Aliev A.A., Khavich R.I. Practical aspects of forecasting the company’s financial performance. Vestnik Universiteta. 2021;1(8):160-167. (In Russ.) https://doi.org/10.26425/1816-4277-2021-8-160-167
Views:
674
Email this article 