Calculation of Forecast - Tool of the Decision and the Example of a Shipping Entity DANUBTRANS Galati S.C.

Financial forecast is the most important planning activity. Tools to achieve financial forecasting company budgets, unlike the balance sheet and income statement, not intended for external users, but domestic needs guidance in order to achieve the objective proposed in the next financial year:increase financial performance of the enterprise, reflected in increasing its value. Management forecasts, the budget is the main fields of business and to monitor compliance with budgetary provisions. Through budgeting are established affecting resources and responsibilities for each activity center. Thus, the budget is a forecast of ciphered resource damage and liability insurance for business objectives cost-effectively.