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| Author : | Jae K. Shim, Ph.D., CPA |
| Course Length : | Pages: 103 ||| Review Questions: 42 ||| Final Exam Questions: 40 |
| CPE Credits : | 8.0 |
| IRS Credits : | 0 |
| Price : | $71.95 |
| Passing Score : | 70% |
| Course Type: | NASBA QAS - Text - NASBA Registry |
| Technical Designation: | Technical |
| Primary Subject-Field Of Study: | Finance - Finance for Course Id 1756 |
| Description : | Business and financial forecasting is of extreme importance to managers at practically all levels. It is required for top managers to make long-term strategic decisions. Middle management uses sales forecasts to develop their departmental budgets. Every other plan such as a production plan, purchasing plan, manpower plan, and financial plan follows from demand forecasting. The critical element in any supply chain plan is the demand forecast. The goal of this course is to provide a working knowledge of the fundamentals of business forecasting that can be applied in the real world regardless of firm size. We walk you through basic forecasting methodology, and then practical applications. It encompasses a wide range of topics of major importance to practical managers in all functional areas, including cash flow forecasting, cost prediction, earnings forecasts, bankruptcy prediction, foreign exchange forecasting, interest rate forecasting, and technological forecasting. |
| Usage Rank : | 22500 |
| Release : | 2022 |
| Version : | 1.0 |
| Prerequisites : | Basic Accounting. |
| Experience Level : | Overview |
| Additional Contents : | Complete, no additional material needed. |
| Additional Links : |
What Is Business Forecasting? Definition, Methods, and Model
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| Advance Preparation : | None. |
| Delivery Method : | QAS Self Study |
| Intended Participants : | Anyone needing Continuing Professional Education (CPE). |
| Revision Date : | 25-Jan-2023 |
| 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 - Text - NASBA Registry - 1756 |
| Keywords : | Finance, Financial, Forecasting, Tools, Applications, Business, Forecasting, v12, cpe, cpa, online course |
| Learning Objectives : |
Chapter 1
Chapter 2
2. Recognize the value of sensitivity analysis. 3. Identify factors in the computation of business valuation. Chapter 3
2. Recognize smoothing techniques. Chapter 4
2. Recognize the steps to perform decomposition of time series. 3. Recognize life cycle stages for new products. Chapter 5
2. Understand the value of performing market surveys for forecasting. 3. Recognize methods of comparing a predicted forecast change with the observed change. 4. Identify how to measure and rank accuracy of forecasts. Chapter 6
2. Recognize the use of different econometric models. 3. Identify some sources of economic data that can be used to improve forecasts. Chapter 7
2. Recognize the implication of earnings forecasts and the Sarbanes-Oxley Act requirements. 3. Identify different sources provided from security analysts for earnings projections. 4. Identify benefits and methods of forecasting the cash collection pattern. Chapter 8
2. Recognize different methods for estimating costs. 3. Identify bankruptcy prediction models and the limitations of some methodologies. Chapter 9
Chapter 10
2. Identify characteristics and accuracy of technological forecasting. 3. Identify the trends that affect the future of forecasting. |
| Course Contents : | Chapter 1: Forecasting and Managerial Planning Learning Objectives Who Uses Forecasts? Types of Forecasts Forecasting Methods The Qualitative Approach Common Features and Assumptions Inherent in Forecasting Steps in the Forecasting Process Chapter 1 Review Questions Chapter 2: Forecasting, Budgeting, and Business Valuation Learning Objectives The Master Budget Forecasting and Business Valuation Conclusion Chapter 2 Review Questions Chapter 3: Moving Averages and Smoothing Methods Learning Objectives Naive Models Smoothing Techniques Regression Analysis Conclusion Chapter 3 Review Questions Chapter 4: Time Series Analysis, Classical Decomposition, and Forecasting with No Data Learning Objectives Trend Analysis Forecasting Using Decomposition of Time Series Forecasting With No Data Chapter 4 Review Questions Chapter 5: Indirect Methods and Evaluating Forecasts Learning Objectives Forecasting Sales with the Markov Model Indirect methods Evaluation of Forecasts Chapter 5 Review Questions Chapter 6: Sales and Revenue Forecasting, and Forecasting the Economy Learning Objectives Dependent and Independent Demand Purposes, Concepts, and Methods of Forecasts Basic Forecasting Methods Sales Forecasting: A Combined Process Forecasting the Economy Chapter 6 Review Questions Chapter 7: Financial Forecasting Learning Objectives The Percent-of-Sales Method for Financial Forecasting The CPA’s Responsibility for Prospective Financial Statements Earnings Forecast Cash Flow Forecasting Total cash receipts Chapter 7 Review Questions Chapter 8: Cost Behavior, Cost Prediction , and Bankruptcy Prediction Learning Objectives A Look at Costs by Behavior Bankruptcy Prediction Chapter 8 Review Questions Chapter 9: Forecasting Foreign Exchange Rates Learning Objectives Why Forecast Exchange Rates? Some Basic Terms and Relationships Forecasting Techniques A Framework for Evaluating Forecasts Conclusion Chapter 9 Review Questions Chapter 10: Interest Rate and Technological Forecasting Learning Objectives Interest Rate Fundamentals Statistical Methodology and a Sample Model Technological Forecasting Accuracy of Technological Forecasting S-Curve as a Guide for Technology Forecasting Methodology of Technological Forecasting An Evaluation Forecasting in the 21st Century Conclusion Chapter 10 Review Questions Appendix Glossary |
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