Egor V. Kulakov

Financial planning and forecasting play a crucial role in managing a company's finances. It involves the process of developing strategic and operational plans, defining financial goals, evaluating financial resources, and predicting future financial outcomes. This topic covers key aspects of financial planning and forecasting, including methods and tools such as budgeting, financial ratio analysis, the use of financial models, and forecasting techniques. It also discusses the benefits and challenges that companies face in implementing financial planning and forecasting.