Financial Forecasting 1 CPE

This course prepares participants to make more accurate financial forecasts with standard format generally accepted accounting principles (GAAP) financial statements by using business intelligence (BI). Particular focus is on the difference between conventional financial forecasts based on simple growth assumptions and financial forecasts using growth rates derived from data. The course is intended as an applied primer in forecasting using new techniques resulting from the growth in Big Data and BI techniques.

***Please download and open all supporting materials before starting the course videos.***

Prerequisites

No Advanced Preparation or Prerequisites are needed for this course. However, it is recommended to take the other courses in the series prior to completing this one.

Learning Objective

• Discover how to create a basic set of income statement, cash flow, and balance sheet forecasts
• Recognize the linkages between different items across the financial statements
• Identify how changes in growth assumptions impact financial forecasts
• Explore the use of regression analysis to determine forecast growth rates using outside variables (e.g., GDP and inflation) 

Last updated/reviewed: March 12, 2024