Abstract
This article is devoted to the practical aspects of the cash flow statement forecast. The proposed formation method is based on the fuzzy logics and the procedure of expert evaluations. As the result of premade theoretical analysis of the financial statements fuzzy forecast, a computer program has been developed to support the formation of the forecasted cash flow statement. The article describes the software’s working algorithm and presents its main windows. DOI: 10.5901/mjss.2014.v5n24p237
Highlights
The term "cash flow management" refers to a guarantee of independence and a state of stability and efficiency within a company - the key to financial success
Refers to the tactical business actions planning [1, 2]. Another obvious utility of the forecast report may be clearly evident upon examination of investment designs
Gathering and simple summation business events data. The transformation of this data into accounting and analytical information which goes into the hands of trained professional for expert evaluation The received information is combined with previously accumulated statistics and past statements which are evaluated and followed to transform this accumulation of data into a form of forecast report At the final stage, this form is used for management tasks
Summary
The term "cash flow management" refers to a guarantee of independence and a state of stability and efficiency within a company - the key to financial success. The prediction of cash flow from the implementation of a specific project can be deduced and a calculation of its efficiency can be acquired [4] Another useful aspect that the cash flow statement may provide for interested users would lie in the prospect of financial structure evaluation (including stability, liquidity and solvency) of the enterprise, providing feedback about the rhythm of the operating process, the rate of funds turnover, etc. Use of the cash flow statement provides companies with an upper hand in capitalizing on future prospects and possibilities as they arise It should be noted, that there is an increasing tendency to include superfluous amounts of forecasted information into formal financial statements [5]. The value and credibility of financial statements is determined more by its predictive components and not as much by the previously achieved results during past periods [6]
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