Özet:

The organization is not just a single entity, but a collection of people who need to work together to achieve the desired objectives. For this purpose, it is necessary for the company to develop and present a plan that lays out direction and sets goals. The objective of an estimate is to provide information on what resources may be needed in order for the company to execute its strategy successfully. Financial planning can help organizations in managing cash flow, investment opportunities and liabilities. Financial planning and forecasting is the process of setting goals, forecasts, resource requirements and other indicators – to reach them using a reasonable budget. The estimates reveal how much funding the organization needs from its customers or investors so that it can achieve its strategic objectives. Corporate finance is one part of management accounting, which refers to all aspects of financial reporting containing information about assets, liabilities and financial results.  The current study deals with the significance of planning and forecasting for Indian Multinational Corporations. The study was carried out based on a survey of 100 finance department employees of 10 leading MNCs who have offices in Pune & Mumbai. The results of the study indicate that Indian MNCs are looking forward to improving their financial planning and projections, which will enable them to make better decisions that can help them achieve their goals.

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