Financial Forecasting: Tools and Applications ON DEMAND

Overview

Business and financial forecasting is of extreme importance to managers at practically all levels. It is required for top managers to make long-term strategic decisions. Middle management uses sales forecasts to develop their departmental budgets. Every other plan such as a production plan, purchasing plan, manpower plan, and financial plan follows from demand forecasting. The critical element in any supply chain plan is the demand forecast. The goal of this course is to provide a working knowledge of the fundamentals of business forecasting that can be applied in the real world regardless of firm size. We walk you through basic forecasting methodology, and then practical applications. This course encompasses a wide range of topics of major importance to practical managers in all functional areas.

Highlights

Forecasting and managerial planning. Forecasting, budgeting and business valuation. Moving averages and smoothing methods. Time series analysis, classical decomposition and forecasting with no data. Indirect methods and evaluating forecasts. Sales and revenue forecasting and forecasting the economy. Financial forecasting. Cost behavior, cost prediction and bankruptcy prediction. Forecasting foreign exchange rates. Interest rate and technological forecasting.

Prerequisites

None.

Designed For

CPAs.

Objectives

Identify various aspects of forecasting methods. Identify the important steps to budgeting; Recognize the value of sensitivity analysis; and Identify factors in the computation of business valuation. Recognize the features of naive forecasting models; and Recognize smoothing techniques. Identify the basic components of the time series data; Recognize the steps to perform decomposition of time series; and Recognize life cycle stages for new products, and more.

Preparation

None.

Notice

None.