Being the finance manager of a company how will you make a financial forecasting ?

Answer 1

Well there are many things to do there...... but here you have a few:

- Go back in time, 3 - 5 years and see what is been spend, earned, etc... make an analysis of all those figures, the percentage of increase and decrease over those years.

- You will do the same for your competitors closed years (past 5 preferable) and see how they did in percentage.

And with all those figures you can create an estimate forecast, you can fine tune the budgets as well based on those figures. Naturally you need much other figures, but this is a start.