Forecasting for Financial Managers
Course
Online
Description
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Type
Course
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Methodology
Online
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Class hours
4h
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Duration
Flexible
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Start date
Different dates available
The rate of change in the business environment is greater than ever before, 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 and practice of forecasting, this course looks at their use, especially in decision making.
It covers interpretative statistics, short-medium term forecasting and long range forecasting.
Facilities
Location
Start date
Start date
About this course
Understanding Forecasting for Financial Managers
enables the learner to:
• Recognise what forecasts are used for, and who is responsible for them
• Discuss the principles and practice of statistics relevant to forecasting
• Explore short / medium term forecasting
• Look closer at long range forecasting
Financial Directors, Financial Controllers, Financial Managers and Management Accountants who need to establish a framework for the various forecasts compiled within their businesses, and those available outside.
Reviews
Subjects
- Finance
- Decision Making
- Business Environment
- Forecasts
- Probability
- Financial Training
- Financial
- Forecasting
- Financial Managers
- Financial Control
- Statistics
- Budget
- Budgetary control
- Predictive modelling
- Hedging
Course programme
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
Forecasting for Financial Managers