role of budgets in forecasting financial risks in industrial companies (Petro bash co. ltd. case study)
role of budgets in forecasting financial risks in industrial companies (Petro bash co. ltd. case study)
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Date
2025-08
Authors
bdelrahman Omer Ahmed Mohamed
Mazin Badreldin Omer Elhag Musa
Journal Title
Journal ISSN
Volume Title
Publisher
Napata College
Abstract
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.
Description
Case Study