Forecasting accounting is a form of analytical financial planning that helps companies make decisions about the future. In this form of accounting, quantitative models are used to project how different factors can affect future revenues, costs, and profits. The primary goal of forecasting accounting is to identify market trends and potential risks, so that businesses can better plan for their future endeavors and maximize profitability. By utilizing forecasting accounting, companies can confidently make educated decisions and stay ahead of their competition.