Learn valuable techniques for financial forecasting using statistics and financial indicators.
Forecasting allows for adjustments in operations and finances by analyzing the internal and economic environments. Predict the future based on past events to manage uncertainty. Use from the past and present, to create assumptions for the future. Learn how to apply your assumptions and knowledge with the use of statistics and financial indicators. Create realistic projections with careful estimates of future revenue to prevent overspending during tight economic times.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
What Would You Like to Have Happen?
- What Are You Forecasting?
- Quantitative Forecasting
- Qualitative Forecasting
Understanding Forecasting
- What Is Forecasting?
- Significance of a Good Forecast
- Forecasts and Decision Making
Past and Present Analyses
- Prioritizing
- Data Collection
- Interpreting Results
Qualitive and Quantitative Tools
- SWOT Analysis
- PEST Analysis
- Key Performance Indicators
- Cost Projections
Projections for the Future
- What Is Your Mission?
- Trend Analysis
- Factors to Consider
Financial Needs
- Cash Conversion Cycle
- Capital Expenditures
- Return on Investment (ROI)
Accuracy of Forecasts
- Quality of Data Matters
- Forecasts Improve
- Why They Are Missed
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More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on December 7, 2020.
Call 1-866-352-9540 for further credit information.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Lauritta Sowa
WiseOwlOps, Inc.
- Assists owners and senior management in increasing their effectiveness
- Over 30 years of experience in finance, analysis, and administration
- Brings diversified insights that reflect the trends and awareness required in today’s business world
- Supports her clients in facilitating change while increasing profitability, cash flow, and return on investment
- Her skills have been utilized by a variety of Fortune 500 firms and an array of businesses
- Specializing in Microsoft® Excel®, finance, and decision-making, she emphasizes the pragmatic skills necessary in today’s business environment
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More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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