Being the finance manager being of a company how will you make finance forecasting ?

I will review the previous year's financial statements to get an Idea about the financial operations. Then will discuss with the management about the current year's targets (viz. sales / services) & their growth expectations. Based on that will prepare provisional P&L acct & Balance sheet. I also will check whether there is any posibility in cost cutting and make the adjustments accordingly to arrive at expected profit.