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Course Details

Techniques of Financial Analysis, Modeling, and Forecasting - v2 (Course Id 305)

QAS / Registry   Add to Cart 
Author : Jae K. Shim, Ph.D., CPA
Status : Production
CPE Credits : 25.0
IRS Credits : 0
Price : $174.95
Passing Score : 70%
Primary Subject-Field Of Study:

Accounting - Accounting and Auditing for Course Id 305

Description :

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
Release : 2012
Version : 1.0
Prerequisites : Basic math.
Basic statistics.
Basic accounting.
Experience Level : Overview
Additional Contents : Complete, no additional material needed.
Additional Links :
Advance Preparation : None.
Delivery Method : Self-Study
Intended Participants : Anyone needing Continuing Professional Education (CPE).
Revision Date : 20-Sep-2012
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 - NASBA Registry - 305

Keywords : Accounting, Techniques, Financial, Analysis, Modeling, Forecasting, v2, cpe, cpa, online course
Learning Objectives :

Chapter 1
BREAK-EVEN AND CONTRIBUTION MARGIN ANALYSIS

After studying the material in this chapter, you will be able to:
    1. Define Cost-Volume-Profit (CVP) analysis.
    2. Describe operating leverage.
    3. Analyze sale mix.
    4. Give examples of contribution margin analysis.

Chapter 2
UNDERSTANDING AND APPLYING THE TIME VALUE OF MONEY CONCEPT

After studying the material in this chapter, you will be able to:
    1. State the concept of future value.
    2. Distinguish between future value and present value concepts.
    3. Compute the future value of a single payment and an annuity.
    4. Calculate the present value of a single payment and an annuity.
    5. Explain perpetuities.

Chapter 3
HOW TO ASSESS CAPITAL EXPENDITURE PROPOSALS FOR STRATEGIC DECISION MAKING

After studying the material in this chapter, you will be able to:
    1. Describe the types and special features of capital budgeting decisions.
    2. Calculate, interpret, and evaluate five capital budgeting techniques.
    3. Select the best mix of projects with a limited capital spending budget.
    4. Describe factors to consider in determining capital expenditures.
    5. Explain types of capital budgeting decisions to be made.
    6. Analyze mutually exclusive investments.
    7. Discuss risk analysis in capital budgeting.

Chapter 4
ANALYZING FINANCIAL STATEMENTS FOR FINANCIAL FITNESS

After studying the material in this chapter, you will be able to:
    1. Explain what financial statement analysis is and why it is important.
    2. Compare horizontal analysis and vertical analysis.
    3. List the basic components of ratio analysis.
    4. Distinguish between trend analysis and industry comparison.
    5. Calculate a comprehensive set of financial ratios and interpret them.
    6. Explain the limitations of ratio analysis.

Chapter 5
ANALYZING QUALITY OF EARNINGS

After studying the material in this chapter, you will be able to:
    1. Define quality of earnings.
    2. Analyze discretionary costs.
    3. Describe what accounting estimates can do.
    4. Construct a guide for internal control and management honesty.
    5. Compare and explain auditor relations and reports.

Chapter 6
ANALYSIS OF VARIANCE ANALYSIS FOR COST CONTROL

After studying the material in this chapter, you will be able to:
    1. Explain responsibility accounting and appreciate how important it is for managerial control.
    2. Distinguish among three types of responsibility centers and see how they are evaluated.
    3. Calculate different types of variances for manufacturing costs--direct materials, direct labor, and manufacturing overhead.
    4. Explain the managerial significance of these variances.
    5. Prepare a flexible budget and explain its advantage over the static budget format.
    6. List non-financial performance measures.

Chapter 7
ANALYSIS OF SEGMENTAL PERFORMANCE AND PROFIT VARIANCE

After studying the material in this chapter, you will be able to:
    1. Explain segmental reporting for profit centers.
    2. Give examples of profit variance analysis.
    3. Analyze and evaluate sales mix.

Chapter 8
EVALUATING DIVISIONAL PERFORMANCE

After studying the material in this chapter, you will be able to:
    1. Compute return on investment (ROI) by means of the Du Pont formula and show how changes in sales, expenses, and assets affect the investment center's performance.
    2. Calculate the residual income (RI) and explain how it differs from ROI in measuring divisional performance.
    3. Explain how ROI and RI measures affect the division's investment decision.

Chapter 9
ANALYZING WORKING CAPITAL

After studying the material in this chapter, you will be able to:
    1. Evaluate working capital.
    2. Give examples and explain cash management.
    3. Outline some ways to manage accounts receivable.
    4. Describe how to plan and control inventory.

Chapter 10
CORPORATE INVESTMENTS

After studying the material in this chapter, you will be able to:
    1. Explain accounting aspects of an investment portfolio.
    2. Outline analytical implications.
    3. Describe how to obtain investment information.
    4. Compare risk versus return.
    5. List financial assets.
    6. List and explain real assets.
    7. Outline how to perform portfolio analysis.
    8. Explain features of mutual funds.
    9. Distinguish between fundamental analysis and technical analysis.

Chapter 11
OBTAINING FUNDS: SHORT-TERM AND LONG-TERM FINANCING

After studying the material in this chapter, you will be able to:
    1. Explain what financial planning involves.
    2. Distinguish between short-term and intermediate-term financing sources.
    3. Compare short-term to long-term financing.
    4. List long-term financing sources.
    5. Identify and compute each source of cost of capital.

Chapter 12
ANALYZING MERGERS AND ACQUISITIONS

After studying the material in this chapter, you will be able to:
    1. Define and explain mergers.
    2. Decide on acquisition terms.
    3. Describe how to acquire another business.
    4. Identify the impact of merger on earnings per share and market price per share.
    5. List the methods to evaluate the risk associated with an acquisition.
    6. Describe uses of a holding company.

Chapter 13
FORECASTING AND FINANCIAL PLANNING

After studying the material in this chapter, you will be able to:
    1. Explain who uses forecasts.
    2. List and describe each of forecasting methods.
    3. Select a forecasting method.
    4. Define the qualitative approach.
    5. Describe common features and assumptions inherent in forecasting.
    6. Illustrate the steps in the forecasting process.

Chapter 14
FORECASTING METHODOLOGY

After studying the material in this chapter, you will be able to:
    1. Identify and explain naive models.
    2. Give examples of smoothing techniques.
    3. Describe step by step the forecasting method using decomposition of time series.

Chapter 15
FORECASTING WITH REGRESSION AND MARKOV METHODS

After studying the material in this chapter, you will be able to:
    1. Explain the least-squares method.
    2. Discuss regression statistics.
    3. Identify statistics to look for in multiple regressions.
    4. Evaluate forecasting performance.
    5. Outline checklists on how to choose the best forecasting equation.
    6. Select and use a computer statistical package for multiple regression.
    7. Explain forecasting sales using the Markov model.

Chapter 16
FINANCIAL FORECASTING AND BUDGETING TOOLS

After studying the material in this chapter, you will be able to:
    1. Forecast external financing needs with the percent of sales method.
    2. Describe how budgeting and financial planning works.
    3. Give examples of how the budget works.
    4. Discuss zero-base budgeting.
    5. Outline the certified public accountants involvement and responsibility with prospective financial statements.

Chapter 17
FORECASTING CASH FLOWS

After studying the material in this chapter, you will be able to:
    1. Define the Markov Approach.
    2. Illustrate the Lagged Regression Approach.

Chapter 18
HOW TO USE CORPORATE PLANNING MODELS

After studying the material in this chapter, you will be able to:
    1. Identify the types of analysis.
    2. Explain typical questions addressed via corporate modeling.
    3. Identify types of corporate planning models.
    4. Outline current trends in modeling.
    5. Discuss the relationships among MIS, DSS, EIS, and personal computers.
    6. Describe the future of corporate planning models.

Chapter 19
FINANCIAL MODELING FOR "WHAT-IF" ANALYSIS

After studying the material in this chapter, you will be able to:
    1. Define a financial model.
    2. Apply and use financial models.
    3. Put financial modeling into practice.
    4. List and explain each of the quantitative techniques used in financial models.
    5. Develop financial models.
    6. Identify model specification.

Chapter 20
USING OPTIMIZATION TECHNIQUES TO BUILD OPTIMAL BUDGETS

After studying the material in this chapter, you will be able to:
    1. Explain how linear programming works.
    2. Differentiate between linear programming and goal programming.

Chapter 21
USING SPREADSHEET AND FINANCIAL MODELING PACKAGES

After studying the material in this chapter, you will be able to:
    1. Use spreadsheet programs.
    2. Forecast business failures with Z scores.
    3. Be familiar with financial modeling languages.

Chapter 22
USING MANAGEMENT GAMES FOR EXECUTIVE TRAINING

After studying the material in this chapter, you will be able to:
    1. Discuss a variety of executive management games.
    2. Validate the game.
    3. Outline a new role for computerized executive games.
Course Contents :

PART I

tools and techniques for FINANCIAL ANALYSIS 

 

1.   Break-even and Contribution Margin Analysis      

 

What Is Cost-Volume-Profit Analysis?

What Is Operating Leverage?

Sales Mix Analysis

Contribution Margin Analysis

Conclusion 

 

2.   Understanding and Applying the Time Value of Money Concept      

 

Assumptions of Present Value and Future Value Techniques

Present Value Table

Future Value Table

Both Present Value and Future Value Tables

Perpetuities

Conclusion 

 

3.   How to Assess Capital Expenditure Proposals for Strategic Decision Making 

 

Factors to Consider in Determining Capital Expenditure

Type of Capital Budgeting Decisions to Be Made

Capital Budgeting Methods

How to Select the Best Mix of Projects with a Limited Budget

How to Handle Mutually Exclusive Investments

Risk Analysis in Capital Budgeting

Conclusion 

 

4.   Analyzing Financial Statements for Financial Fitness

 

Who Uses Financial Analysis

Financial Statement Analysis

Ratio Analysis

Limitations of Ratio Analysis

5.   Analyzing Quality of Earnings

Quality of Earnings 

Analysis of Discretionary Costs 

Accounting Estimates 

Internal Control and Management Honesty 

Auditor Relations and Reports 

Conclusion 

 

6.   ANALYSIS OF 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

Conclusion

 

7. ANALYSIS OF SEGMENTAL PERFORMANCE AND PROFIT VARIANCE

 

Segmental Reporting for Profit Centers

Profit Variance Analysis

Sales Mix Analysis

Conclusion

 

 

PART II

managing and controlling financial assets, investing, AND POTENTIAL ACQUISITIONS 

 

8.   EVALUATING DIVISIONAL PERFORMANCE

 

Rate of Return on Investment (ROI)

ROI and Profit Planning

Residual Income (RI)

Investment Decisions under ROI and RI

Conclusion

 

8.  Analyzing working capital

 

Evaluating Working Capital 

Cash Management 

Management of Accounts Receivable 

Inventory Planning and Control 

Conclusion 

 

10. corporate investments

 

Accounting Aspects 

Analytical Implications 

Obtaining Information 

Risk Versus Return 

Financial Assets 

Real Assets 

Portfolio Analysis 

Mutual Funds 

Fundamental Analysis 

Technical Analysis 

Conclusion 

 

11. obtaining funds: short-term and long-term financing

 

Financial Planning 

Short-Term and Intermediate-Term Financing Sources 

Comparing Short-Term to Long-Term Financing 

Long-Term Financing  

Cost of Capital 

Conclusion 

 

12. Analyzing Mergers and Acquisitions

 

Mergers 

Deciding on Acquisition Terms 

Acquisition of Another Business 

Impact of Merger on Earnings per Share and Market Price per Share 

Risk  

Holding Company 

Conclusion 

 

13.  Forecasting and Financial Planning 

 

Who Uses Forecasts? 

Forecasting Methods 

Selection of Forecasting Method

The Qualitative Approach 

Common Features and Assumptions Inherent in Forecasting

Steps in the Forecasting Process  

Conclusion 

 

14. Forecasting Methododology

 

Naive Models 

Smoothing Techniques  

Forecasting Using Decomposition of Time Series 

Conclusion 

 

15.  Forecasting with Regression and Markov Methods

 

The Least-Squares Method

Regression Statistics 

Statistics to Look for in Multiple Regressions 

Evaluation of Forecasts 

ChecklistsHow to Choose the Best Forecasting Equation 

Use of a Computer Statistical Package for Multiple Regressions 

Forecasting Sales with the Markov Model

Conclusion 

 

16. 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 

The Certified Public Accountants Involvement and Responsibility with Prospective Financial Statements 

Conclusion 

 

17. forecasting cash flows

 

Markov Approach 

Lagged Regression Approach 

Conclusion 

 

 

PART III  

building FINANCIAL MODELs for budgeting and planning

 

18. How TO USE Corporate Planning Models

 

Types of Analysis

Typical Questions Addressed via Corporate Modeling

Types of Models

Current Trends In Modeling

Mis, Dss, Eis, and Personal Computers

The Future of Corporate Planning Models

Conclusion 

 

19. Financial Modeling for "What-if" Analysis

 

A Financial Model 

Applications and Uses of Financial Models 

Putting Financial Modeling into Practice 

Quantitative Techniques Used in Financial Models 

Developing Financial Models 

Model Specification  

Comprehensive Financial Model 

Conclusion 

 

20. Using Optimization Techniques to Build Optimal Budgets

 

Linear Programming 

Goal Programming 

Conclusion 

 

21. Using Spreadsheet and Financial Modeling Packages

 

Using Spreadsheet Programs

Forecasting Business Failures with Z Scores

Financial Modeling Languages

Conclusion 

 

22. Using Management Games for Executive Training

 

Executive Management Games

Validating the Game

A New Role for Computerized Executive Games

Conclusion 

 

REFERENCES AND ADDITIONAL READINGS 

 

glossary

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