ACCOUNTING AND ANALYTICAL SUPPORT OF FINANCIAL FORECASTING IN THE CONDITIONS OF DIGITALIZATION OF THE ECONOMY
DOI:
https://doi.org/10.56197/2786-5827/2024-3-3-2Keywords:
accounting and analytical support, reporting, information, financial forecasting, budgeting, financial instruments, management accounting, digitalizationAbstract
Introduction. The article considers the role of financial forecasting in the enterprise management system. The essence and necessity of accounting and analytical support of this process are determined. The impact of digitalization on the accounting and analytical support of financial forecasting at an enterprise is analyzed. The prospects and proposals for improving the accounting and analytical support of financial forecasting in modern conditions are also investigated.
Materials and methods. The information base of the study is formed by scientific works of domestic authors. The purpose of the article is to study the accounting and analytical support of financial forecasting and determine its features in the context of digitalization of the economy. In the course of the study, a combination of general scientific and special methods was used, in particular, methods of analysis and synthesis, comparison and generalization.
Results and discussion. In the current conditions of development and digitalization of the economy, effective financial forecasting is one of the key factors for the success of an enterprise. And high-quality accounting and analytical support is the basis for forecasting and managing an enterprise. In the course of the study, the role of financial forecasting in modern economic conditions is determined. The essence of accounting and analytical support for financial forecasting in the enterprise management system is formed, which includes a set of methods and techniques by which information is generated for management purposes, taking into account industry characteristics, specifics of activity, volumes and degree of diversification of financial and economic activities of enterprise in the context of digitalization of the economy. It is established that the accounting and analytical support of financial forecasting for effective enterprise management involves not only management accounting data, but also financial and tax reporting and their comprehensive analysis. The factors of influence of digitalization on the accounting and analytical support of financial forecasting are determined.
Conclusions. In general, the study identified prospects for improving the accounting and analytical support for financial forecasting. The most popular software products for financial forecasting are indicated. Proposals for improving the accounting and analytical support of financial forecasting in modern conditions have been formed.
Keywords: accounting and analytical support, reporting, information, financial forecasting, budgeting, financial instruments, management accounting, digitalization.
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