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OnDemand Course

Top Techniques for Financial Forecasting

Learn valuable techniques for financial forecasting using statistics and financial indicators.

Forecasting allows for adjustments in operations and finances by analyzing the internal and economic environments. Predict the future based on past events to manage uncertainty. Use events from the past and present to create assumptions for the future. Learn how to apply your assumptions and knowledge with the use of statistics and financial indicators. Create realistic projections with careful estimates of future revenue to prevent overspending during tight economic times.

Learning Objectives

  • You will be able to identify the initial steps in Forecasting.
  • You will be able to differentiate between Qualitative and Quantitative tools.
  • You will be able to recognize steps to interpret results of Forecasting.
  • You will be able to differentiate between methods and results of various surveys.

Runtime: 88 minutes
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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

What Would You Like to Have Happen?

  • What Are You Forecasting?
  • Quantitative Forecasting
  • Qualitative Forecasting

Understanding Forecasting

  • What Is Forecasting?
  • Significance of a Good Forecast
  • Forecasts and Decision Making

Past and Present Analyses

  • Prioritizing
  • Data Collection
  • Interpreting Results

Qualitive and Quantitative Tools

  • SWOT Analysis
  • PEST Analysis
  • Key Performance Indicators
  • Cost Projections

Projections for the Future

  • What Is Your Mission?
  • Trend Analysis
  • Factors to Consider

Financial Needs

  • Cash Conversion Cycle
  • Capital Expenditures
  • Return on Investment (ROI)

Accuracy of Forecasts

  • Quality of Data Matters
  • Forecasts Improve
  • Why They Are Missed
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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on April 16, 2021.

Call 1-866-352-9540 for further credit information.

  • CPE/NASBA - QAS Self Study 2.2 including Finance 2.2
     
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a QAS Self Study sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: https://www.nasbaregistry.org/cpas/complaints. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 2.2 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Finance for 2.2 hours. Prerequisite: basic knowledge of business financials. Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: QAS Self Study. Please refer to the information in this advertisement for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board.
     
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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Lauritta Sowa

Lauritta Sowa

WiseOwlOps, Inc.

  • 20 years of business and analytical training coupled with 30 years in finance and administration
  • President of WiseOwlOps, Inc. and an international consultant and trainer in finance and data management
  • Conducts regular seminars and workshops on a variety of financial, accounting, analytical, and Office 365® subjects and specializes in Microsoft® Excel® and data management
  • Strong communication skills as she is a columnist and author of numerous tutorials on finance, software, and analytics
  • Bachelor’s degree, CA Pacific University
  • Can be contacted at 805-434-7070 or [email protected]
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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • Live Webinars
  • OnDemand Webinars
  • MP3 Downloads
  • Course Manuals
  • Audio Recordings*
  • Executive Reports
  • White Papers and Articles
  • Sponsored Live Webinars

Additional benefits include:

  • State Specific Credit Tracker
  • Members Only Newsletter
  • All-Access Pass Course Concierge

* For audio recordings you only pay shipping

Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 408984
Published 2021
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