Forecasting for Financial Managers

Summary

Coming to terms with judgements about the future, which are subject to significant margins of error, requires a particular set of skills.

This course is provided by a third party provider accountingcpd.net and the fee charged is exclusive of VAT.  Training tickets are not applicable on this product. 

Venue details:  
Online, ,
Start date & time:  
01 January 2019 00:00
End date & time:  
01 January 2022 00:00
Price: €85.00  (€85.00 Member price)
By registering for this course you have accepted the terms and conditions
CPD hours:  
4.00
Speaker details
First nameLast name
AccountingCPD. net

Description

Product type:  
CPD online course
Category:  
Finance, management reporting and analysis

The rate of change in the business environment is greater than ever before and managers are recognising that they have to spend more time looking forward. For you, the finance professional, this is vitally important but not necessarily straightforward. Coming to terms with judgements about the future, which are subject to significant margins of error, requires a particular set of skills.

As well as describing the principles of forecasting, this course looks at their application, especially in decision-making. It covers interpretative statistics, short / medium range forecasting and long-range forecasting. 

Course overview 

Looking to the future

  • What are forecasts for?
  • Why has forecasting become more important of late?
  • Where does forecasting fit within a structure of financial control?
  • Responsibility for forecasting

Statistics

  • Basics
  • Probability of dispersion
  • Correlation
  • Regression

Short and medium range

  • Hedging
  • Predictive modelling
  • Standard Costing
  • Budgetary control

Long range

  • Demographics
  • Devolution
  • The value of money
  • Some relevant techniques