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Financial Forecasting: Tools and Applications (Business Forecasting) - v10 (Course Id 1756)

QAS / Registry   Add to Cart 
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
Forecasting and Managerial Planning

After studying this chapter, you will be able to:
    1. Identify various aspects of forecasting methods.

Chapter 2
Forecasting, Budgeting, and Business Valuation

After studying this chapter, you will be able to:
    1. Identify the important steps to budgeting.
    2. Recognize the value of sensitivity analysis.
    3. Identify factors in the computation of business valuation.

Chapter 3
Moving Averages and Smoothing Methods

After studying this chapter, you will be able to:
    1. Recognize the features of naive forecasting models.
    2. Recognize smoothing techniques.

Chapter 4
Time Series Analysis and Classical Decomposition

After studying this chapter, you will be able to:
    1. Identify the basic components of the time series data.
    2. Recognize the steps to perform decomposition of time series.

Chapter 5
Forecasting With No Data

After studying this chapter, you will be able to:
    1. Recognize life cycle stages for new products.

Chapter 6
Indirect Methods

After studying this chapter, you will be able to:
    1. Identify assumptions use to forecast sales with the Markov model.
    2. Understand the value of performing market surveys for forecasting.

Chapter 7
Evaluation of Forecasts

After studying this chapter, you will be able to:
    1. Recognize methods of comparing a predicted forecast change with the observed change.
    2. Identify how to measure and rank accuracy of forecasts.

Chapter 8
Sales and Revenue Forecasting

After studying this chapter, you will be able to:
    1. Identify the value of a combination method of sale forecasting.

Chapter 9
Forecasting the Economy

After studying this chapter, you will be able to:
    1. Recognize the use of different econometric models.
    2. Identify some sources of economic data that can be used to improve forecasts.

Chapter 10
Financial Forecasting

After studying this chapter, you will be able to:
    1. Identify the steps in projecting financial needs for the firm.
    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
Analysis of Cost Behavior and Cost Prediction

After studying this chapter, you will be able to:
    1. Differentiate the costs found in a company.
    2. Recognize different methods for estimating costs.

Chapter 12
Bankruptcy Prediction

After studying this chapter, you will be able to:
    1. Identify bankruptcy prediction models and the limitations of some methodologies.

Chapter 13
Forecasting Foreign Exchange Rates

After studying this chapter, you will be able to:
    1. Recognize the reasons for managers to forecast the foreign exchange rates.

Chapter 14
Interest Rate Forecasting

After studying this chapter, you will be able to:
    1. Identify the different aspects of interest rate forecasts.

Chapter 15
Technological Forecasting

After studying this chapter, you will be able to:
    1. Identify characteristics and accuracy of technological forecasting.
    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

CPE Finance Course: https://www.cpethink.com/cpe-for-cpas
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