Financial forecasting is an important part of any successful business. It enables businesses to plan for the future and anticipate scenarios based on strategy.
The controller helps forecast financials by calculating future revenue and income streams. In recent years, corporate finance has undergone many dramatic changes due to the growth of a number of high-tech tools. The responsibilities/competencies of the Financial Controller position (FC) has changed in recent years To maximize performance, Controllers must be aware of how the FC position is changing, and how they must adjust to these changes.
There are many types and methods of financial forecasting. This course will review the most prevalent forecasts and relative methods being used.
Learning Objectives
- Discover and define financial forecasting.
- Identify the types of financial forecasting.
- Recognize the quantitative steps to creating a pro forma statement.
- Pro forma forecasting using percent of sales.
- Forecasting using straight line and moving average.
- Recognize the qualitative steps.
- Financial forecasting using linear regression.
- Financial forecasting using the Delphi method.
Included In Certifications
This course is included in the following Certification Programs:
19 CoursesThe Controllership Series Certification
- The Controllership Series: The Controller Function - Elevating the Role
- The Controllership Series: The Controller Function - Strategic and Annual Planning
- The Controllership Series: The Controllers Role in Financial Forecasting
- The Treasury Function Part 1: Cash, Liquidity and Investments
- The Controllership Series: The Controller Function - Cash and Investments
- ASC 842 Accounting for Leases - Deep Dive
- Revenue Recognition (ASC Topic 606) Standard Overview
- The Controllership Series: The Controller Function - Inventory Part 1
- The Controllership Series: The Controller Function - Inventory Part 2 - Inventory Valuation, Physical Inventory Methods and Inventory fraud
- The Controllership Series: Overhead, Direct and Indirect Costs and Allocation Methods
- The Controllership Series: Financial Statement Preparation and Presentation
- The Controllership Series: The Controllers Role in the Procurement Function
- The Controllership Series: The Role of The Controller in ESG
- The Controllership Series: The Controllers Role in Pro Forma Financials
- The Controllership Series: The Controllers Role in Data Analytics and Big Data
- The Controllership Series: The Financial Close Process
- The Controllership Series: Managerial Accounting Basics and Cost Principles
- The Controllership Series: Sales, Collections and Customer Credit
- Tools for The Controllership Series Certificate
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Prerequisites
No advanced preparation or prerequisites are required for this course.
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