| Summary: | T present, with the development of global financial markets, the capital market, and the wide spread of financial instruments for raising capital, aspects of credit institutions ' management are becoming more and more relevant, allowing them to provide analytical data on the financial condition of credit institutions for making effective management decisions. The review of the progression of financial documents used in business planning begins with the actual results of the previous year, which are used to prepare the organization's annual operating budget. The budget is updated throughout the year by preparing forecasts that update the budget and provide management with the latest information to plan daily operations for the next week. The main use of indicators and financial reports is to measure financial indicators and provide a management tool for use in the business environment. Forecasting mainly includes financial activities that are included in the financial results report, which determines the fact that the financial results of the organization will be the main object of forecasting. One exception is the importance for owners and managers of predicting the necessary cash flow to maintain daily operations. Operational managers of credit institutions spend a large amount of time with weekly financial information. They use forecasts daily in their operations, criticize variations daily and weekly, and make any necessary changes that will improve financial and credit performance. Effective use of weekly forecasts and other internal management reports usually leads to improved financial performance in the credit institution's monthly or periodic reports.
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