Financial Forecasting and Modeling

5 Credits: Finance


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Financial Forecasting and Modeling

Course Level
CPE Credits

5 Credits: Finance

Course Description

Financial Forecasting and Modeling is a comprehensive course designed for finance professionals aiming to deepen their skills in forecasting and financial analysis. The course offers detailed insights into different forecasting methodologies, guiding participants on when and how to apply these methods effectively. You’ll learn about the construction and nuances of financial models, addressing specific issues such as treatment of various financial elements and the use of financial plugs. The course also provides practical training in developing both short-term and long-term cash forecasts. A key feature is the extensive coverage of Excel functions relevant to financial forecasting and modeling, equipping you with the tools to implement these skills in real-world scenarios. This course is not just about learning theories; it’s about gaining practical skills that directly enhance your capabilities in financial prediction and decision-making.

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Learning Objectives

Upon successful completion of this course, participants will be able to:

Chapter 1

  • Cite the characteristics of the Delphi method.
  • Identify the best uses of the different forecasting methods.
  • Note the situations in which a smoothing constant can be used.
  • Identify the different types of leading and lagging indicators.

Chapter 2

  • State which report makes use of the accounting equation.
  • Note how an income statement is used.
  • Identify the key inputs to a financial model.
  • Identify the complications caused by the use of a plug within a financial model.
  • Note the circumstances under which a business could fund its own growth.
  • Cite the cases in which an expansion of a financial model might be warranted.

Chapter 3

  • Note the sources of the receipts and disbursements method.
  • Identify the duration periods for the different types of forecasts.
  • Note why the results of an automated cash forecasting system may be incorrect.
  • Identify the reliability levels of the different types of cash forecast information.
  • State the reasoning behind the use of a cash forecast reconciliation.

Chapter 4

  • Note which Excel functions will fit straight and curved lines to the data.
  • Identify the types of information provided by the different Excel functions relating to forecasting.
  • Cite the inputs required for the different Excel functions relating to forecasting.
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Course Specifics

Course ID
Revision Date
July 31, 2023

A basic knowledge of Excel functionality.

Advanced Preparation


Number of Pages

Compliance Information

NASBA Provider Number: 103220

CMA Notice: Western CPE makes every attempt to maintain our CMA CPE library, to ensure a course meets your continuing education requirements please visit Insitute of Management Accountants (IMA)

CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.

Meet The Experts

Steven M. Bragg, CPA, is a full-time book and course author who has written more than 300 business books and courses. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast. Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and …