CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS

Financial Forecasting and Modeling

Icon_Self-Study
Self-Study
Icon_Level
Overview
Credits
CPE Credits
5 Credits: Finance

Course Description

Forecasting is the prediction of future events. In the finance field, this usually means that an organization is attempting to predict its future sales. Financial Forecasting and Modeling discusses the different types of forecasting methodologies, the situations in which they should be used, and how to construct them. The course also examines the layout and formulation of a financial model, and addresses specific issues within such a model, including the treatment of depreciation, debt, equity, and working capital. Further, the course describes the construction of short-term and longer-term cash forecasts, concluding with a review of the Excel functions that can be used for financial forecasting and modeling.

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.

Course Specifics

Course ID
3158022
Revision Date
May 22, 2020
Number of Pages
111
Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

Course Instructor

Steven M. Bragg Headshot
Steven M. Bragg, CPA

Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. 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 an auditor with …

Steven M. Bragg, CPA Read More »

Financial Forecasting and Modeling

Expert Instructors
Format
CPE CREDITS
5 Credits: Finance

$145.00$175.00

Clear
Icon_Self-Study
Self-Study
Icon_Level
Overview
Credits
CPE Credits
5 Credits: Finance

Course Description

Forecasting is the prediction of future events. In the finance field, this usually means that an organization is attempting to predict its future sales. Financial Forecasting and Modeling discusses the different types of forecasting methodologies, the situations in which they should be used, and how to construct them. The course also examines the layout and formulation of a financial model, and addresses specific issues within such a model, including the treatment of depreciation, debt, equity, and working capital. Further, the course describes the construction of short-term and longer-term cash forecasts, concluding with a review of the Excel functions that can be used for financial forecasting and modeling.

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.

Course Specifics

Course ID
3158022
Revision Date
May 22, 2020
Number of Pages
111
Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

Course Instructor

Steven M. Bragg Headshot
Steven M. Bragg, CPA

Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. 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 an auditor with …

Steven M. Bragg, CPA Read More »

Financial Forecasting and Modeling

Expert Instructors
Format
CPE CREDITS
5 Credits: Finance

$145.00$175.00

Clear