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| Author : | Jae K. Shim, Ph.D., CPA |
| Status : | Production |
| CPE Credits : | 8.0 |
| IRS Credits : | 0 |
| Price : | $71.95 |
| Passing Score : | 70% |
| Course Type: | NASBA QAS - Text - Technical - NASBA Registry |
| Primary Subject-Field Of Study: | Finance - Finance for Course Id 1756 |
| 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. |
| Usage Rank : | 0 |
| Release : | 2020 |
| Version : | 1.0 |
| Prerequisites : | Basic Accounting. |
| Experience Level : | Overview |
| Additional Contents : | Complete, no additional material needed. |
| Advance Preparation : | None. |
| Delivery Method : | Self-Study |
| Intended Participants : | Anyone needing Continuing Professional Education (CPE). |
| Revision Date : | 05-Dec-2020 |
| 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 - 1756 |
| Keywords : | Finance, Financial, Forecasting, Tools, Applications, Business, Forecasting, v10, cpe, cpa, online course |
| Learning Objectives : |
Chapter 1
Chapter 2
2. Recognize the value of sensitivity analysis. 3. Identify factors in the computation of business valuation. Chapter 3
2. Recognize smoothing techniques. Chapter 4
2. Recognize the steps to perform decomposition of time series. Chapter 5
Chapter 6
2. Understand the value of performing market surveys for forecasting. Chapter 7
2. Identify how to measure and rank accuracy of forecasts. Chapter 8
Chapter 9
2. Identify some sources of economic data that can be used to improve forecasts. Chapter 10
2. Recognize the implication of earnings forecasts and the Sarbanes-Oxley Act requirements. 3. Identify different sources provided from security analysts for earnings projections. 4. Identify benefits and methods of forecasting the cash collection pattern. Chapter 11
2. Recognize different methods for estimating costs. Chapter 12
Chapter 13
Chapter 14
Chapter 15
2. Identify the trends that affect the future of forecasting. |
| 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 Conclusion Chapter 2 Review Questions Chapter 3: Moving Averages and Smoothing Methods Learning Objectives Naive Models Smoothing Techniques Regression Analysis Conclusion Chapter 3 Review Questions Chapter 4: Time Series Analysis and Classical Decomposition Learning Objectives Trend Analysis Forecasting Using Decomposition of Time Series Conclusion Chapter 4 Review Questions Chapter 5: Forecasting With No Data Learning Objectives The A-T-A-R Model Growth Models Chapter 5 Review Questions Chapter 6: Indirect Methods Learning Objectives Forecasting Sales with the Markov Model Indirect methods Conclusion Chapter 6 Review Questions Chapter 7: Evaluation of Forecasts Learning Objectives Cost of Prediction Errors Measuring Accuracy of Forecasts Control of Forecasts Forecasting Tools Conclusion Chapter 7 Review Questions Chapter 8: 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 8 Review Questions Chapter 9: 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 9 Review Questions Chapter 10: Financial Forecasting Learning Objectives The Percent-of-Sales Method for Financial Forecasting The CPA’s Responsibility for Prospective Financial Statements Earnings Forecast Cash Flow Forecasting Total cash receipts Chapter 10 Review Questions Chapter 11: Analysis of Cost Behavior and Cost Prediction Learning Objectives A Look at Costs by Behavior Conclusion Chapter 11 Review Questions Chapter 12: Bankruptcy Prediction Learning Objectives The Need for Bankruptcy Prediction Three Different Models Neural Bankruptcy Prediction Conclusion Chapter 12 Review Questions Chapter 13: Forecasting Foreign Exchange Rates Learning Objectives Why Forecast Exchange Rates? Some Basic Terms and Relationships Forecasting Techniques A Framework for Evaluating Forecasts Conclusion Chapter 13 Review Questions Chapter 14: Interest Rate Forecasting Learning Objectives Term Structure of Interest Rates Interest Rate Fundamentals Statistical Methodology and a Sample Model Conclusion Chapter 14 Review Questions Chapter 15: 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 Conclusion Chapter 15 Review Questions Appendix Glossary |
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