INDICATORS IN THE FIELD OF FINANCIAL PLANNING AND FORECASTING OF THE ACTIVITIES OF ORGANIZATIONS

The transformation of the market environent in 2023 is accompanied by simultaneous changes in the system of financial planning and forecasting at the macro and micro levels, differentiating the used financial indicators and indicators depending on their practical significance. The crisis phenomena of a number of years, which caused the growth of insolvent organizations, are gradually balanced by a rational state financial policy and a competent transformation of legislative and legal regulation, while maintaining the freedom of doing business in the country. The probability of bankruptcy with the renewal of supply chains is losing its key importance as a guideline for developing changes in the financing and investment tools used, which is caused by the active search of entrepreneurs for opportunities to use their financial resources and business ideas. Therefore, it seems possible to identify three indicators with a high predictive value for planning and forecasting purposes: the autonomy ratio, which allows you to assess the degree of independence of the organization in relation to the formed sources of financing, taking into account the assessment of the organization by creditors; the share of overdue accounts receivable in its value, which reflects the type of credit policy applied and gives grounds to make reasonable adjustments to it, as well as the return on assets, the growth of which indicates a constant search for options for alternative use of the entrepreneur’s property. The synthesis of these coefficients makes it possible to assess the actual financial situation from various aspects of the organization’s activities, the position in its market environment and the business community, positioning in relation to consumers and forms of influence on the acceleration of the turnover of funds, as well as the active intention of the entrepreneur to continue successful work, despite all the new challenges of a highly dynamic economic environment in 2023.

financial planning, financial forecasting, economic indicators, bankruptcy, financial analysis, financial management, receivables, autonomy ratio, credit policy, return on assets

Chirskaya M. A. Indicators in the field of financial planning and forecasting of the activities of organizations. Biznes. Obrazovanie. Pravo = Business. Education. Law. 2023;2(63):139—147. DOI: 10.25683/VOLBI.2023.63.639.