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Financial Forecasting: Tools and Applications (Business Forecasting) - v06 (Course Id 1348)

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Author : Jae K. Shim, Ph.D., CPA
Status : Production
CPE Credits : 11.0
IRS Credits : 0
Price : $97.95
Passing Score : 70%
Course Type: NASBA QAS - Text - Technical - NASBA Registry
Primary Subject-Field Of Study:

Finance - Finance for Course Id 1348

Description :

Business and financial forecasting is of extreme importance to managers at practically all levels. It is required for top managers to make long-term strategic decisions. Middle management uses sales forecasts to develop their departmental budgets. Every other plan such as a production plan, purchasing plan, manpower plan, and financial plan follows from demand forecasting. The critical element in any supply chain plan is the demand forecast.

The goal of this course is to provide a working knowledge of the fundamentals of business forecasting that can be applied in the real world regardless of firm size. We walk you through basic forecasting methodology, and then practical applications. It encompasses a wide range of topics of major importance to practical managers in all functional areas, including cash flow forecasting, cost prediction, earnings forecasts, bankruptcy prediction, foreign exchange forecasting, interest rate forecasting, and technological forecasting. Emphasis is placed on the use of computer technology such as spreadsheets and stand-alone forecasting software.

Usage Rank : 0
Release : 2016
Version : 1.0
Prerequisites : Basic Accounting
Experience Level : Overview
Additional Contents :
Additional Links :
Advance Preparation : None.
Delivery Method : Self-Study
Intended Participants : Anyone needing Continuing Professional Education (CPE).
Revision Date : 17-Sep-2019
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 - Technical - NASBA Registry - 1348

Keywords : Finance, Financial, Forecasting, Tools, Applications, Business, Forecasting, v06, cpe, cpa, online course
Learning Objectives :
    To view Learning Objectives, please Click here.
Course Contents :

Chapter 1:    Forecasting and Managerial Planning

Learning Objectives

Who Uses Forecasts?

Types of Forecasts

Forecasting Methods

The Qualitative Approach

Common Features and Assumptions Inherent in Forecasting

Steps in the Forecasting Process

Chapter 1 Review Questions

Chapter 2:    Forecasting, Budgeting, and Business Valuation

Learning Objectives

The Master Budget

Forecasting and Business Valuation


Chapter 2 Review Questions

Chapter 3:    Moving Averages and Smoothing Methods

Learning Objectives

Naive Models

Smoothing Techniques


Chapter 3 Review Questions

Chapter 4:    Regression Analysis

Learning Objectives

The Least-Squares Method

Regression Statistics


Chapter 4 Review Questions

Chapter 5:    Multiple Regression

Learning Objectives


The Model

Nonlinear Regression

Using Qualitative Factors - Dummy Variables

Weighted (or Discounted) Regression

Statistics to Look for in Multiple Regressions

Checklists--How to Choose the Best Forecasting Equation


Chapter 5 Review Questions

Chapter 6:    Time Series Analysis and Classical Decomposition

Learning Objectives

Trend Analysis

Nonlinear Trend

Forecasting Using Decomposition of Time Series


Chapter 6 Review Questions

Chapter 7:    Forecasting With No Data

Learning Objectives

The A-T-A-R Model

Growth Models

Chapter 7 Review Questions

Chapter 8:    Indirect Methods

Learning Objectives

Forecasting Sales with the Markov Model

Indirect methods


Chapter 8 Review Questions

Chapter 9:    Evaluation of Forecasts

Learning Objectives

Cost of Prediction Errors

Measuring Accuracy of Forecasts

Control of Forecasts

Forecasting Tools

Forecasting and Statistical Software


Chapter 9 Review Questions

Chapter 10:    Sales and Revenue Forecasting

Learning Objectives

Dependent and Independent Demand

Purposes, Concepts, and Methods of Forecasts

Basic Forecasting Methods

Sales Forecasting: A Combined Process

Can You Manage Demand?

Chapter 10 Review Questions

Chapter 11:   Forecasting the Economy

Learning Objectives

Barometric Forecasting

Econometric Models

Input-Output Analysis

Opinion Polling

Economic Forecasting Services

Sources of General Economic Information:

Other Sources of Economic Data

Chapter 11 Review Questions

Chapter 12:    Financial and Earnings Forecasting

Learning Objectives

The Percent-of-Sales Method for Financial Forecasting

The CPA’s Responsibility for Prospective Financial Statements

Earnings Forecast

Security Analysts vs. Time-Series Models

Pro Forma EPS Confusion


Chapter 12 Review Questions

Chapter 13:   Cash Flow Forecasting

Learning Objectives

Account Analysis

Lagged Regression Approach

Total cash receipts


Chapter 13 Review Questions

Chapter 14:    Analysis of Cost Behavior and Cost Prediction

Learning Objectives

A Look at Costs by Behavior


Chapter 14 Review Questions

Chapter 15:    Bankruptcy Prediction

Learning Objectives

Need of Bankruptcy Prediction

Three Different Models

Neural Bankruptcy Prediction


Chapter 15 Review Questions

Chapter 16:    Forecasting Foreign Exchange Rates

Learning Objectives

Why Forecast Exchange Rates?

Some Basic Terms and Relationships

Forecasting Techniques

A Framework for Evaluating Forecasts


Chapter 16 Review Questions

Chapter 17:    Interest Rate Forecasting

Learning Objectives

Term Structure of Interest Rates

Interest Rate Fundamentals

Statistical Methodology and a Sample Model


Chapter 17 Review Questions

Chapter 18:    Technological Forecasting

Learning Objectives

Accuracy of Technological Forecasting

S-Curve as a Guide for Technology Forecasting

Methodology of Technological Forecasting

An Evaluation

Forecasting in the 21st Century


Chapter 18 Review Questions



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