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 events 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.
Learning Objectives
- You will be able to identify the initial steps in Forecasting.
- You will be able to differentiate between Qualitative and Quantitative tools.
- You will be able to recognize steps to interpret results of Forecasting.
- You will be able to differentiate between methods and results of various surveys.
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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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Credit
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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.
Credits
OnDemand Course
This course was last reviewed on September 13, 2023.
Call 1-866-352-9540 for further credit information.
CPE/NASBA - QAS Self Study 2.2 including Finance 2.2
- Noggin Guru, Inc. dba Lorman Education Services and BankersHub is registered with the National Association of State Boards of Accountancy (NASBA) as a QAS Self Study sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 2.2 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Finance for 2.2 hours. Prerequisite: basic knowledge of business financials. Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: QAS Self Study. Please refer to the information in this advertisement for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board.
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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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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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