|Author :||Jae K. Shim, Ph.D., CPA|
|CPE Credits :||13.0|
|IRS Credits :||0|
|Passing Score :||70%|
|Course Type:||NASBA QAS - Text - Technical - NASBA Registry|
|Primary Subject-Field Of Study:||
Finance - Finance for Course Id 1760
This comprehensive course gives you every sales and financial forecasting formula and modeling techniques you need to analyze your operation both as a whole and by segment. You'll be provided with proven techniques that help you identify and fix problem areas, analysis techniques that help you evaluate proposals for profit potential, proven methods that improve the accuracy of your short- and long-term forecasting, analysis tools that help you better manage working capital, cash, and accounts receivable, plus much more. You also receive dozens of worked-out models and modeling techniques that simplify your most difficult business decisions and are easy to adapt to any computer spreadsheet program. This course supplies company accountants, treasurers, CFOs with all the forecasting techniques needed to financially analyze a business as a whole or a segment. Includes analysis techniques, methods for improving forecasting accuracy, analysis tools for managing capital, and more.
|Usage Rank :||0|
|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 :||12-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 - 1760
|Keywords :||Finance, Techniques, Financial, Analysis, Modeling, Forecasting, v10, cpe, cpa, online course|
|Learning Objectives :||
2. Compute break-even levels for various scenarios.
3. Recognize the margin of safety and cash break-even point.
2. Calculate the present value of future payments.
2. Calculate investment payback periods.
3. Recognize the use for the internal rate of return (IRR) calculations.
4. Identify the best methods for making long-range investment decisions.
2. Recognize the operating cycle of a business.
2. Identify the relationships between auditing and internal controls.
3. Recognize why standard costing is important it is for managerial control.
4. Distinguish among three types of responsibility centers and how they are evaluated.
5. Calculate different types of variances for manufacturing costs.
6. Recognize the managerial significance of these variances.
7. Identify the need for a flexible budget.
2. Calculate the residual income (RI) and profit margin based on ROI.
3. Identify how ROI and RI measures affect the division's investment decision.
2. Recognize ways to improve profitability by changes to accounts receivable.
3. Identify how changes in inventory carrying costs affect the organization.
2. Identify ways to compare risk versus return.
3. Recognize tools for fundamental and technical analysis.
4. Recognize the benefits of portfolio theory with regard to investment decisions.
2. Distinguish between short-term, intermediate-term, and long-term financing sources
2. Recognize ways to acquire another business.
2. Identify different types of qualitative and quantitative forecasting methods.
3. Recognize quantitative forecasting models and techniques.
2. Identify major steps in budgeting and financial planning.
3. Identify the requirements of zero-base budgeting.
4. Recognize the value of the Lagged Regression Approach and Markov model in evaluating collection and bad debt.
2. Recognize components of an integrated planning model.
3. Recognize the application and uses of financial models.
2. Differentiate between methods of optimization.
3. Recognize the disadvantages of optimization models.
4. Recognize uses and variables for the bankruptcy prediction model. 5. Identify the purpose of executive management games.
|Course Contents :||
Chapter 1: Break-Even and Contribution Margin Analysis
Sales Mix Analysis
Contribution Margin Analysis
Chapter 1 Review Questions
Chapter 2: Understanding and Applying the Time Value of Money Concept
Assumptions of Present Value and Future Value Techniques
Chapter 2 Review Questions
Chapter 3: How to Assess Capital Expenditure Proposals for Strategic Decision Making
Capital Budgeting Methods
Risk Analysis in Capital Budgeting
Chapter 3 Review Questions
Chapter 4: Analyzing Financial Statements for Financial Fitness
Who Uses Financial Analysis
Financial Statement Analysis
Conclusion - Limitations of Ratio Analysis
Chapter 4 Review Questions
Chapter 5: Analyzing Quality of Earnings and Using Variance Analysis for Cost Control
Quality Of Earnings
Variance Analysis for Cost Control
Responsibility Accounting and Responsibility Center
Standard Costs and Variance Analysis
General Model for Variance Analysis
Flexible Budgets and Performance Reports
Nonfinancial Performance Measures
Chapter 5 Review Questions
Chapter 6: Analysis of Segmental Performance and Profit Variance
Profit Variance Analysis
Sales Mix Analysis
Chapter 6 Review Questions
Chapter 7: Evaluating Divisional Performance
Rate of Return on Investment (ROI)
ROI and Profit Planning
Residual Income (RI)
Investment Decisions under ROI and RI
Chapter 7 Review Questions
Chapter 8: Analyzing Working Capital
Evaluating Working Capital
Management Of Accounts Receivable
Chapter 8 Review Questions
Chapter 9: Corporate Investments
Risk versus Return
Mutual Funds and ETFs
Chapter 9 Review Questions
Chapter 10: Obtaining Funds: Short-Term and Long-Term Financing
Intermediate-Term Financing: Term Loans and Leasing
Types of Long-Term Debt
Cost of Capital
Chapter 10 Review Questions
Chapter 11: Analyzing Mergers And Acquisitions
Deciding on Acquisition Terms
Acquisition of Another Business
Impact of Merger on Earnings per Share and Market Price per Share
Chapter 11 Review Questions
Chapter 12: Forecasting and Financial Planning
Who Uses Forecasts?
Selection of Forecasting Method
The Qualitative Approach
Common Features and Assumptions Inherent in Forecasting
Quantitative Forecasting Methodologies
Decomposition of Time Series
Regression and the Least-Squares Method
Measuring Accuracy of Forecasts
Forecasting Sales with the Markov Model
Summary of Forecasting Methods
Chapter 12 Review Questions
Chapter 13: Financial Forecasting and Budgeting tools
Forecasting External Financing Needs--The Percent-of-Sales Method
Budgeting and Financial Planning
How the Budget Works: An Example
Zero Base Budgeting
Forecasting Cash Flows
Chapter 13 Review Questions
Chapter 14: How to use Corporate Planning Models
Types of Analysis
Typical Questions Addressed via Corporate Modeling
Types of Models
Current Trends in Modeling
The Future of Corporate Planning Models
Applications and Uses of Financial Modeling
Putting Financial Modeling into Practice
Quantitative Methods Used in Financial Models
Developing Financial Models
Chapter 14 Review Questions
Chapter 15: Optimization Techniques, Financial Modeling and Executive Training
Use of Linear Programming
Use of Goal Programming (GP)
Forecasting Financial Distress with Z Score
Training with Management Games
Chapter 15 Review Questions