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Author: |
Rob Stephens, Founder of CFO Perspective, Adjunct Instructor Gonzaga University |
Course Length: |
Pages: 10 ||| Review Questions: 5 ||| Final Exam Questions: 8 |
CPE Credits: |
1.5 |
IRS Credits: |
0 |
Price: |
$21.95 |
Passing Score: |
70% |
Course Type: |
Video - Text |
Technical Designation: |
Technical |
Field Of Study: |
Management Services |
Approved Audience: |
NASBA QAS - NASBA Registry |
Key Takeaways: |
This video course demonstrates how sensitivity analysis and scenario planning can improve company decisions by identifying which model inputs have the biggest impact on outcomes.
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Frequently Asked Questions: |
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Description: |
This course will give you insights into how sensitivity analysis and scenario planning can improve your company's decisions. You'll also discover tools to obtain and communicate the insights from this analysis. Sensitivity analysis is the process of varying inputs to a model to assess their impact on the outcomes (i.e., outputs) of the model. This allows you to identify the model inputs that have the biggest impact on the outputs (e.g., profit). This improves decision efficiency and effectiveness. You also get a clear picture of the company's full range of potential outcomes. Scenario planning explores projections in which multiple assumptions have been changed from the base case or current conditions. Scenario planning allows outcomes to reflect the correlation of multiple assumptions, which may cause their impact to increase exponentially versus a change by any one of the assumptions. Scenarios can explore opportunities for which the company wants to prepare or risks for which the company should take mitigation steps. You'll learn tools like bookending and tornado diagrams to develop and communicate sensitivity analysis. Many people anticipate a much too narrow range of potential outcomes. This leaves them blind to many good and bad potential outcomes. You'll discover techniques to improve the accuracy of estimates of the most likely outcome and the range of potential outcomes. |
Usage Rank: |
15000 |
Release: |
2025 |
Version: |
1.0 |
Prerequisites: |
None. |
Experience Level: |
Overview |
Additional Contents: |
Complete, no additional material needed. |
Additional Links: |
External: What Is Sensitivity Analysis?
Internal: Pricing for Profitability (CPE Course)
Internal: The ROE Model and Firm Valuation (Video) (Course Id 1979)
External: IRS Internal Revenue Manual - Continuing Professional Education (CPE) for IRS staff
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Advance Preparation: |
None. |
Delivery Method: |
QAS Self Study |
Intended Participants: |
Anyone needing Continuing Professional Education (CPE). |
Revision Date: |
02-Apr-2025 |
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. |
Keywords: |
Sensitivity Analysis and Scenario Planning (Video) - CPE course for CPAs |
Learning Objectives: |
Course Learning Objectives Upon completion of this course, participants will be able to do the following:
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Course Contents: |
Chapter 1 - Sensitivity Analysis and Scenario Planning Chapter 1 Review Questions Glossary |
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