Financial Forecasting: Tools and Techniques Training Courses - | Meirc
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Accounting and Finance

Financial Forecasting: Tools and Techniques

Why Attend

One of the most difficult challenges professionals face in making decisions is, probably, estimating and projecting future events. This difficulty is usually dealt with, unfortunately, by excessive reliance on professional judgement and educated guesses. Though judgement and experience play a significant role in building proper forecasting, there are certain tools and techniques that can help professionals in this daunting task. This course focuses on these tools and puts them into practice utilizing MS Excel.

Course Methodology

The course is a hands-on workshop that applies the forecasting techniques utilizing MS Excel through the use of different exercises and case studies.

Course Objectives

By the end of the course, participants will be able to:
  • Apply different forecasting techniques that will help in making financial and business decisions
  • Utilize Microsoft Excel to build forecasting models effectively
  • Explain the different macro and micro assumptions affecting financial and business forecasts
  • Build models for forecasting income statements, balance sheets and cash flow statements and their components
  • Differentiate between various forecasting models and approaches and assist senior management in understanding their impact

Target Audience

Financial controllers, analysts, finance and accounting managers, supervisors, and finance professionals who need to create, interpret and maintain forecasts in their organizations.

Target Competencies

  • Forecasting
  • Time series analysis
  • Regression analysis
  • Modeling financial statements
  • Applying Excel functions and tools

Note

This is a hands-on training course using laptops which will be made available by Meirc. For courses outside the UAE, participants are required to bring their own laptops with a fully functional version of Excel 2010/2013.

  • Forecasting models
    • Qualitative models
      • Market research approach
      • Delphi method technique
    • Quantitative models
      • The indicator approach
      • Causal models
        • Econometric models
        • Regression analysis: simple and multiple
        • Correlation coefficient and coefficient of determination
      • Time series methods
        • Simple average
        • Moving average
        • Exponential smoothing
        • Expected value
  • Types of forecasting
    • Micro and macro factors
    • Forecasting sales
      • Estimating market demand
      • Estimating company demand
      • Developing sales forecast
    • Forecasting cost of sales
    • Forecasting operating expenses
    • Forecasting key assets and liabilities accounts
    • Modeling the income statement forecast
    • Modeling the balance sheet forecast
  • Building forecasting models
    • The units, quantity and activity levels
    • The price and cost per unit of activity
    • Pricing strategies
      • Cost plus pricing
      • Pricing: business objectives
      • Pricing: return on investment
      • Price skimming
      • Variable cost pricing
      • Breakeven pricing
  • Cash flow forecasting
    • Using published cash flow statements
    • Understanding and analyzing cash flow statements
    • Forecasting free cash flows
  • Working with uncertainty and risk
    • Scenario forecasting and analysis
    • Judgmental forecasting
    • Probability and risk

Meirc Professional Certificate (MPC)

MPC certified courses by Meirc Training and Consulting are designed for those willing to challenge themselves and go the extra distance. Participants who fully attend an MPC course and successfully complete the test on the last day, will receive a Meirc Professional Certificate (MPC), in addition to the one they receive for attendance. MPC certificates are regionally recognized and can be quite valuable when applying for more senior roles within the organization or outside.

MPC

National Association of State Boards of Accountancy (NASBA)

Meirc Training & Consulting is registered with the National Association of State Boards of Accountancy (NASBA) as a 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 website www.learningmarket.org

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Per participant

USD 4,900

Fees + VAT as applicable

Tax Registration Number : 100239834300003

(including coffee breaks and a buffet lunch daily)

This course is worth 25 NASBA CPEs.

2020 - Location & Date

5 Days Course

No Schedules!
Please Contact Us if you have any queries..

Schedule for Me
Meirc reserves the right to alter dates, content, venue and trainer.

2021 - Location & Date

5 Days Course

No Schedules!
Please Contact Us if you have any queries..

Schedule for Me
Meirc reserves the right to alter dates, content, venue and trainer.

This course is currently unscheduled in Virtual Learning.

Request this course as Virtual Learning