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Annual budgets quickly lose their accuracy and relevance as the fiscal year progresses. A rolling forecast is a tool many companies have implemented to maintain an accurate financial picture of the future and to continuously promote strategic thinking. Some companies replace traditional budgets with rolling forecasts and other processes.

Rolling forecasts provide:

  • Better readiness for a changing business environment
  • Improved cash flow planning
  • More meaningful variance reporting

The best practice use of rolling forecasts begins by clarifying the roles of budgets and forecasts. Specifically, forecast accuracy is increased by separating it from performance management and compensation processes. This improves forecast accuracy.

The efficiency needed to perform forecasts throughout the year is achieved through driver-based forecasting. You'll learn how to build these forecasts. Eliminating traditional budgeting also frees up resources for rolling forecasts.

The course then explains how to implement rolling forecasts. You'll learn the key implementation decisions and steps. I'll show sample reports and how to build them. Rolling forecasts can be built via spreadsheets can be built with spreadsheets, business intelligence (BI) software, or forecasting software. We'll look at the pros and cons of each.

Rolling forecasts have many benefits, but they won't solve all your problems. They may create some new challenges for you. I'll list some challenges you may face and ideas to mitigate them.

Rolling Forecasts (Video) (3 Hrs)
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Suggested Courses

Annual budgets quickly lose their accuracy and relevance as the fiscal year progresses. A rolling forecast is a tool many companies have implemented to maintain an accurate financial picture of the future and to continuously promote strategic thinking. Some companies replace traditional budgets with rolling forecasts and other processes.

Rolling forecasts provide:

  • Better readiness for a changing business environment
  • Improved cash flow planning
  • More meaningful variance reporting

The best practice use of rolling forecasts begins by clarifying the roles of budgets and forecasts. Specifically, forecast accuracy is increased by separating it from performance management and compensation processes. This improves forecast accuracy.

The efficiency needed to perform forecasts throughout the year is achieved through driver-based forecasting. You'll learn how to build these forecasts. Eliminating traditional budgeting also frees up resources for rolling forecasts.

The course then explains how to implement rolling forecasts. You'll learn the key implementation decisions and steps. I'll show sample reports and how to build them. Rolling forecasts can be built via spreadsheets can be built with spreadsheets, business intelligence (BI) software, or forecasting software. We'll look at the pros and cons of each.

Rolling forecasts have many benefits, but they won't solve all your problems. They may create some new challenges for you. I'll list some challenges you may face and ideas to mitigate them.

Rolling Forecasts (Video) (3 Hrs)
Recent Searches
No recent searches found.
Similar Courses

Annual budgets quickly lose their accuracy and relevance as the fiscal year progresses. A rolling forecast is a tool many companies have implemented to maintain an accurate financial picture of the future and to continuously promote strategic thinking. Some companies replace traditional budgets with rolling forecasts and other processes.

Rolling forecasts provide:

  • Better readiness for a changing business environment
  • Improved cash flow planning
  • More meaningful variance reporting

The best practice use of rolling forecasts begins by clarifying the roles of budgets and forecasts. Specifically, forecast accuracy is increased by separating it from performance management and compensation processes. This improves forecast accuracy.

The efficiency needed to perform forecasts throughout the year is achieved through driver-based forecasting. You'll learn how to build these forecasts. Eliminating traditional budgeting also frees up resources for rolling forecasts.

The course then explains how to implement rolling forecasts. You'll learn the key implementation decisions and steps. I'll show sample reports and how to build them. Rolling forecasts can be built via spreadsheets can be built with spreadsheets, business intelligence (BI) software, or forecasting software. We'll look at the pros and cons of each.

Rolling forecasts have many benefits, but they won't solve all your problems. They may create some new challenges for you. I'll list some challenges you may face and ideas to mitigate them.

Rolling Forecasts (Video) (3 Hrs)
Suggested Courses

Annual budgets quickly lose their accuracy and relevance as the fiscal year progresses. A rolling forecast is a tool many companies have implemented to maintain an accurate financial picture of the future and to continuously promote strategic thinking. Some companies replace traditional budgets with rolling forecasts and other processes.

Rolling forecasts provide:

  • Better readiness for a changing business environment
  • Improved cash flow planning
  • More meaningful variance reporting

The best practice use of rolling forecasts begins by clarifying the roles of budgets and forecasts. Specifically, forecast accuracy is increased by separating it from performance management and compensation processes. This improves forecast accuracy.

The efficiency needed to perform forecasts throughout the year is achieved through driver-based forecasting. You'll learn how to build these forecasts. Eliminating traditional budgeting also frees up resources for rolling forecasts.

The course then explains how to implement rolling forecasts. You'll learn the key implementation decisions and steps. I'll show sample reports and how to build them. Rolling forecasts can be built via spreadsheets can be built with spreadsheets, business intelligence (BI) software, or forecasting software. We'll look at the pros and cons of each.

Rolling forecasts have many benefits, but they won't solve all your problems. They may create some new challenges for you. I'll list some challenges you may face and ideas to mitigate them.

Rolling Forecasts (Video) (3 Hrs)
Course Details

Economic Indicators - A Comprehensive Overview (Course Id 865)

QAS / Registry
  Add to Cart 
Author : Michael J Walker, CPA
Course Length : Pages: 110 ||| Review Questions: 90 ||| Final Exam Questions: 85
CPE Credits : 17.0
IRS Credits : 0
Price : $127.95
Passing Score : 70%
Course Type: NASBA QAS - Text - NASBA Registry
Technical Designation: Technical
Primary Subject-Field Of Study:

Finance - Finance for Course Id 865

Description :

Economic indicators are those often-voluminous statistics released by government agencies, non-profit organizations and even private companies. They provide measurements for evaluating the health of our economy, including the latest business cycles, consumer spending, inflation, housing, and so on. Various economic indicators are released quarterly, monthly, weekly, and even daily.

This course provides an introductory overview of the world’s most prevalent economic indicators, including those related to unemployment, consumer sentiment and confidence, inflation, productivity, housing, manufacturing, and international trade. This course reviews the impact that changes in these indicators have on the financial markets and monetary policy.

Usage Rank : 24800
Release : 2023
Version : 1.0
Prerequisites : None.
Experience Level : Overview
Additional Contents : Complete, no additional material needed.
Additional Links :
Advance Preparation : None.
Delivery Method : QAS Self Study
Intended Participants : Anyone needing Continuing Professional Education (CPE).
Revision Date : 29-Sep-2023
NASBA Course Declaration : Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam.
Approved Audience :

NASBA QAS - Text - NASBA Registry - 865

Keywords : Finance, Economic, Indicators, Comprehensive, Overview, cpe, cpa, online course
Learning Objectives :

Course Learning Objectives

After completing this course, participants should be able to:
  • Identify the types of economic indicators that exist and recognize the unique characteristics of each type.
  • Recognize the characteristics and economic impact of key economic indicators, including those related to unemployment, consumer sentiment and confidence, inflation, productivity, housing, manufacturing, and international trade.
  • Identify the components of gross domestic product (GDP) and recognize how economic indicators impact these components.
  • Recognize how changes in economic indicators and the actions of the Federal Reserve impact financial market activity.

Chapter 1
Economic Indicators and Business Cycles

After studying this chapter participants should be able to:
  • Identify the four phases of the business cycle.
  • Indicate how various economic conditions impact the business cycle.
  • Identify the types of economic indicators that exist and recognize the unique characteristics of each type.
  • Recognize tools that are currently available to monitor economic indicators.

Chapter 2
Financial Markets and Interest Rates

After studying this chapter participants should be able to:
  • Identify the unique characteristics of financial markets.
  • Recognize the types of financial instruments traded in various financial markets.
  • Calculate ‘simple’ and ‘compound’ interest.
  • Identify how a bond’s stated interest rate and its yield-to-maturity impacts the price at which it is traded.
  • Recognize how interests can vary based on the risk structure of interest rates.
  • Identify how a yield curve illustrates the term structure of interest rates.

Chapter 3
GDP and Monthly Indicators

After studying this chapter participants should be able to:
  • Identify the components of gross domestic product (GDP) and recognize how economic indicators impact these components.
  • Calculate GDP.
  • Identify the difference between nominal and real GDP.
  • Recognize the economic impact of the GDP report.

Chapter 4
Federal Reserve and Monetary Indicators

After studying this chapter participants should be able to:
  • Recognize the role that the Federal Reserve System (“the Fed”) plays in financial markets.
  • Identify the tools used by the Fed to conduct its monetary policy and explain how these tools impact the U.S. money supply.
  • Calculate the two measures used by the Federal Reserve to estimate the U.S. money supply (M1 & M2).
  • Recognize the economic impact of the FOMC Statement and the other reports issued by the Fed.

Chapter 5
Unemployment and Consumer Indicators

After studying this chapter participants should be able to:
  • Calculate the unemployment rate and recognize the inherent limitations of the unemployment rate.
  • Recognize the characteristics and economic impact of the Employment Situation Report and other employment indicators.
  • Identify the methods in which consumer sentiment and consumer confidence are measured.
  • Identify how consumer income and spending is measured and presented on the Personal Income and Outlays report.

Chapter 6
Inflation and Productivity Indicators

After studying this chapter participants should be able to:
  • Calculate an annual rate of inflation.
  • Identify the primary price indexes that measure inflation, including the CPI and PPI.
  • Recognize the impact that commodities markets have on inflation.
  • Recognize how economic growth is impacted by labor productivity.
  • Identify the economic indicators used to monitor productivity.

Chapter 7
Industrial and Commercial Indicators

After studying this chapter participants should be able to:
  • Recognize the methods in which the Federal Reserve measures and reports industrial production and capacity utilization.
  • Identify industrial production indicators that have the most impact on the economy.
  • Recognize the impact that changes in the housing market has on the economy.
  • Identify the economic indicators used to monitor the housing market.

Chapter 8
International Trade Indicators

After studying this chapter participants should be able to:
  • Classify a country’s balance of trade as either a ‘trade surplus’ or a ‘trade deficit’.
  • Identify scenarios where one country has an absolute advantage and/or a comparative advantage in producing a good over another country.
  • Recognize the economic indicators used to monitor international trade.
Course Contents :

Chapter 1 – Economic Indicators and Business Cycles

1.1   The Business Cycle

1.1.1   Business cycle defined

1.1.2   Phases of the business cycle

1.1.3   Causes of a recession

1.2   Introduction to Economic Indicators

1.2.1   Economic indicators defined

1.2.2   Classification by timing 

1.2.3   Classification by direction

1.2.4   What the indicators indicate

1.2.5   Monitoring economic indicators

Chapter 2 – Financial Markets and Interest Rates

2.1   Overview of Financial Markets

2.1.1   What are financial markets?

2.1.2   Market participants

2.2   Structure of Financial Markets

2.2.1   Debt and equity markets

2.2.2   Primary and secondary markets

2.2.3   Exchanges and over-the-counter markets

2.2.4   Money and capital markets

2.3   Key Financial Markets

2.3.1   Stock market

2.3.2   Bond market

2.3.3   Commodities markets

2.3.4   Foreign exchange markets

2.4   Overview of Interest Rates

2.4.1   What are interest rates?

2.4.2   Simple and compound interest

2.4.3   Fixed and floating interest rates

2.4.4   Annual percentage rates (APR)

2.4.5   Yield-to-maturity (YTM)

2.5   Determination of Interest Rates

2.5.1   Money supply and demand

2.5.2   Interest rates and risk

2.5.3   Yield curves

Chapter 3 – GDP and Monthly Indicators

3.1   Gross Domestic Product (GDP)

3.1.1   GDP defined

3.1.2   Measuring GDP using the expenditure approach

3.1.3   Measuring GDP using other approaches

3.1.4   Nominal GDP vs. Real GDP

3.1.5   The GDP Report

3.2   Economic Indicators and GDP Components

3.2.1   Consumer fundamentals

3.2.2   Investment fundamentals

3.2.3   Government expenditure fundamentals

3.2.4   Net export fundamentals

Chapter 4 – Federal Reserve and Monetary Indicators

4.1   The Federal Reserve System

4.1.1   Federal Reserve Banks

4.1.2   Member Banks

4.1.3   Board of Governors

4.1.4   Federal Open Market Committee (FOMC)

4.1.5   Federal Advisory Council (FAC)

4.2   Monetary Policy

4.2.1   Open market operations

4.2.2   Reserve requirements

4.2.3   Discount lending

4.2.4   Economic impact of monetary policy

4.3   The Money Supply

4.3.1   Money supply measures

4.3.2   History of the money supply and monetary policy

4.4   Following the Fed

4.4.1   The FOMC Statement

4.4.2   The Beige Book

4.4.3   Monetary Policy Report to the Congress

Chapter 5 – Unemployment and Consumer Indicators

5.1   The Unemployment Rate

5.1.1  Defining unemployment

5.1.2   Calculating the unemployment rate

5.1.3   Criticisms of measuring unemployment

5.2   The Employment Situation Report

5.2.1   The household survey

5.2.2   The establishment survey

5.2.3   Comparing household and establishment employment

5.2.4   Market reaction to the employment situation report

5.3   Other Employment Indicators

5.3.1   Unemployment Claims Report

5.3.2   ADP Employment Report

5.3.3   Monster Employment Index

5.4   Consumer Sentiment and Confidence

5.4.1   Consumer Sentiment Index

5.4.2   Consumer Confidence Index

5.5   Personal Income and Outlays

5.5.1   Personal income

5.5.2   Disposable personal income

5.5.3   Personal spending

5.5.4   Personal savings

Chapter 6 – Inflation and Productivity Indicators

6.1   Tracking Inflation

6.1.1   The effects of inflation

6.1.2   Calculating an annual rate of inflation

6.1.3   Deflation and disinflation

6.2   Inflation Measures

6.2.1   Consumer Price Index

6.2.2   Core inflation index

6.2.3   Producer Price Index (PPI)

6.2.4   Market reaction to inflation measures

6.3   Inflation and Commodities

6.3.1   Commodities and commodity exchanges

6.3.2   Commodity prices and inflation

6.4   Productivity and Economic Growth

6.4.1   Labor productivity

6.4.2   Aggregate production function

6.5   Productivity Indicators

6.5.1   Productivity and Costs Report

6.5.2   Employment Cost Index Report

6.4.3   Market reaction to productivity indicators

Chapter 7 – Industrial and Commercial Indicators

7.1   Industrial Production

7.1.1   Industrial production and capacity utilization

7.1.2   Durable goods orders

7.1.3   Factory orders

7.1.4   Market reaction to industrial production indicators

7.2   Housing and Construction

7.2.1   New residential construction (a.k.a. housing starts)

7.2.2   Existing home sales

7.2.3   New residential sales

7.2.4   Market reaction to housing and construction indicators

Chapter 8 – International Trade Indicators

8.1   Introduction to International Trade

8.1.1   Imports, exports, and the balance of trade

8.1.2   Absolute and comparative advantage

8.1.3   Specialization and the gains from trade

8.2   International Trade Report

8.3   Measuring Trade Balances

8.3.1   Components of the current account balance

8.3.2   The balance of trade as the balance of payments

8.4   Summary of International Transactions

Glossary

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