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Target Financial Forecasting as a Basis of Anticrisis Financial Management

机译:目标财务预测作为反危机财务管理的基础

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The paper considers conceptual, methodical and practical aspects of the target financial analysis at the micro level, i.e., the company level, as a new instrument of anticrisis financial management for a company to overcome its financial difficulties and enhance its financial position within a time-period of practically any length. The methodology of the research, the results being presented in the paper, is based on the concept of the financial ratio analysis, the concept of the company cash flows, and the concept of the Balanced Scorecard (in terms of its financial score). It is depicted that the procedure of the target financial forecasting comprises an appropriate information-accounting support, a target financial forecasting of the company financial position, a target forecasting of the company’s cash flows, a development of the specific events (managements’ decisions) aimed at overcoming the company’s financial difficulties and enhancing its financial position. The author has stated that in the present-day environment the target financial forecasting is an effective instrument of the financial forecasting that enables to set up the base for overcoming the company’s financial difficulties and strengthening its financial position. The major fields of the target financial forecasting application are an anticrisis bankrupt company management, a management of the company at the verge of its bankruptcy, as well as a company’s investment appeal enhancement (in terms of its financial aspect).
机译:本文将目标财务分析的概念,方法和实践方面视为微观层面(即公司层面)的一种新工具,以帮助公司克服财务困难并在一段时间内增强其财务状况,这是一种新的抗危机财务管理工具。几乎任何长度的时间段。该研究的方法论,即本文提出的结果,基于财务比率分析的概念,公司现金流量的概念和平衡计分卡的概念(就其财务得分而言)。描述了目标财务预测的过程包括适当的信息会计支持,公司财务状况的目标财务预测,公司现金流量的目标预测,针对特定事件(管理层的决策)的发展克服公司的财务困难并改善其财务状况。作者指出,在当今的环境中,目标财务预测是财务预测的有效工具,可以为克服公司的财务困难和加强财务状况奠定基础。目标财务预测应用程序的主要领域是反危机破产公司管理,濒临破产的公司管理以及公司的投资呼吁(从财务角度而言)。

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