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Please tell us about your experience relating to financial planning, budgeting, forecasting and implementing cost control?

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Question added by ahmed mohamd shatat , محاسب عام , شركة شتات للمقاولات العامة
Date Posted: 2017/05/27
Soliman Abd  ALmalak Gendy
by Soliman Abd ALmalak Gendy , مدير ادارة مراقبة حسابات , الجهاز المركزى للمحاسبات

There are 3 - step process determining and detaiting  a firm`s long-- and short- term financial goals.

- The process is usually managed by the firm`s financial department.

-Planning,outlines the the company`s financial direction and expenditures for the next five years.

- Forecasting-use accumulated historical data to predict financial outcomes for future months or years.

-Budgeting-,documents how the overall plain will be executed month to month,specifying 

expenditures.

-Control is essential for effective management.

-Corporate planning,budgeting and control are effective because they lead  the company to the mission,the vision and the goals

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