|Author :||Jae K. Shim, Ph.D., CPA|
|CPE Credits :||25.0|
|IRS Credits :||0|
|Passing Score :||70%|
|Primary Subject-Field Of Study:||
Accounting - Accounting for Course Id 305
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|
|Prerequisites :||Basic math.
|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 :||
2. Describe operating leverage.
3. Analyze sale mix.
4. Give examples of contribution margin analysis.
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.
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.
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.
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.
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.
2. Give examples of profit variance analysis.
3. Analyze and evaluate sales mix.
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.
2. Give examples and explain cash management.
3. Outline some ways to manage accounts receivable.
4. Describe how to plan and control inventory.
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.
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.
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.
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.
2. Give examples of smoothing techniques.
3. Describe step by step the forecasting method using decomposition of time series.
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.
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 accountant’s involvement and responsibility with prospective financial statements.
2. Illustrate the Lagged Regression Approach.
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.
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.
2. Differentiate between linear programming and goal programming.
2. Forecast business failures with Z scores.
3. Be familiar with financial modeling languages.
2. Validate the game.
3. Outline a new role for computerized executive games.
|Course Contents :||
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
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
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
4. Analyzing Financial Statements for Financial Fitness
Who Uses Financial Analysis
Financial Statement Analysis
Limitations of Ratio Analysis
5. Analyzing Quality of Earnings
Quality of Earnings
Analysis of Discretionary Costs
Internal Control and Management Honesty
Auditor Relations and Reports
6. ANALYSIS OF VARIANCE ANALYSIS FOR COST CONTROL
Responsibility Accounting and
Standard Costs and Variance Analysis
General Model for Variance Analysis
Flexible Budgets and Performance Reports
Nonfinancial Performance Measures
7. ANALYSIS OF SEGMENTAL PERFORMANCE AND PROFIT VARIANCE
Segmental Reporting for Profit Centers
Profit Variance Analysis
Sales Mix Analysis
managing and cont
8. EVALUATING DIVISIONAL PERFORMANCE
Rate of Return on Investment (ROI)
ROI and Profit Planning
Residual Income (RI)
Investment Decisions under ROI and RI
8. Analyzing working capital
Evaluating Working Capital
Management of Accounts Receivable
Inventory Planning and Control
10. corporate investments
Risk Versus Return
11. obtaining funds: short-term and long-term financing
Short-Term and Intermediate-Term Financing Sources
Comparing Short-Term to Long-Term Financing
Cost of Capital
12. Analyzing Mergers and Acquisitions
Deciding on Acquisition Terms
Acquisition of Another Business
Impact of Merger on Earnings per Share and Market Price per Share
13. Forecasting and Financial Planning
Who Uses Forecasts?
Selection of Forecasting Method
The Qualitative Approach
Common Features and Assumptions Inherent in Forecasting
Steps in the Forecasting Process
14. Forecasting Methododology
Forecasting Using Decomposition of Time Series
15. Forecasting with Regression and Markov Methods
The Least-Squares Method
Statistics to Look for in Multiple Regressions
Evaluation of Forecasts
Checklists—How to Choose the Best Forecasting Equation
Use of a Computer Statistical Package for Multiple Regressions
Forecasting Sales with the Markov Model
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
The Certified Public Accountant’s Involvement and Responsibility with Prospective Financial Statements
17. forecasting cash flows
Lagged Regression Approach
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
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
Comprehensive Financial Model
20. Using Optimization Techniques to Build Optimal Budgets
21. Using Spreadsheet and Financial Modeling Packages
Using Spreadsheet Programs
Forecasting Business Failures with Z Scores
Financial Modeling Languages
22. Using Management Games for Executive Training
Executive Management Games
Validating the Game
A New Role for Computerized Executive Games
REFERENCES AND ADDITIONAL READINGS