Forecasting calculation – a tool to anticipate trends of evolution in sport organization

Abstract

The financial forecast is the most important planning activity. Unlike the balance sheet and the income statement (not intended for external but for domestic users), the tools to achieve financial forecasting for sport organization budgets need guidance in order to achieve the objective proposed for the next financial year: increased 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 costeffectively.