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Financial Forecasting: Tools and Techniques
DATE
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LOCATION
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Why Attend?
One of the most difficult challenges professionals face in making decisions is, probably, estimating and projecting future events. This difficulty is usually dealt with, unfortunately, by excessive reliance on professional judgement and educated guesses. Though judgement and experience play a significant role in building proper forecasting, there are certain tools and techniques that can help professionals in this daunting task. This course focuses on these tools and puts them into practice utilizing MS Excel.
Course Objectives
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This Course Objective Hasn't Been Provided Yet
Target Audience
Financial controllers, analysts, finance and accounting managers, supervisors, and finance professionals who need to create, interpret and maintain forecasts in their organizations
Forecasting models
- Qualitative models
- Market research approach
- Delphi method technique
- Quantitative models
- The indicator approach
- Causal models
- Econometric models
- Regression analysis: simple and multiple
- Correlation coefficient and coefficient of determination
- Time series methods
- Simple average
- Moving average
- Exponential smoothing
- Expected value
Types of forecasting
- Micro and macro factors
- Forecasting sales
- Estimating market demand
- Estimating company demand
- Developing sales forecast
- Forecasting cost of sales
- Forecasting operating expenses
- Forecasting key assets and liabilities accounts
- Modeling the income statement forecast
- Modeling the balance sheet forecast
Building forecasting models
- The units, quantity and activity levels
- The price and cost per unit of activity
- Pricing strategies
- Cost plus pricing
- Pricing: business objectives
- Pricing: return on investment
- Price skimming
- Variable cost pricing
- Breakeven pricing
Cash flow forecasting
- Using published cash flow statements
- Understanding and analyzing cash flow statements
- Forecasting free cash flows
Working with uncertainty and risk
- Scenario forecasting and analysis
- Judgmental forecasting
- Probability and risk
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