Issue 2

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Browsing Issue 2 by Author "Mazin Badreldin Omer Elhag Musa"

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    role of budgets in forecasting financial risks in industrial companies (Petro bash co. ltd. case study)
    (Napata College, 2025-08) bdelrahman Omer Ahmed Mohamed; Mazin Badreldin Omer Elhag Musa
    The study deals with the role of budgets in anticipating future financial risks, the problem of the study is how budgets can help in discovering financial problems, the study aimed to determine the importance of comprehensive budgets and their role in anticipating financial deviations, the study used both the descriptive and analytical approaches , the study concluded that understanding financial risks , leads to an increased focus on the importance of financial projections, the financial manager of the company is responsible for the decision of financial risks forecasting, the gathering and communication of master budget information useful to forecast the financial risks and applying the planning and control the costs system to help the financial managers to estimates the cost of products and services to support the future expectation strategy of financial risks. The study concluded that the financial manager of the company is responsible for the decision of financial risks forecasting ,the gathering and communication of master budget information useful to forecast the financial risks and the influence characteristics of master budget information are useful to expect and forecast the financial risks. the study recommended that all industrial companies should apply appropriate budgetary processes, techniques and tools to be used to improve value of anticipating financial risks.