Instructor for this course

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.

Course Series

This course is included in the following series:

7 CoursesBusiness Intelligence

  1. The Fundamentals of Business Intelligence (BI): What it Does and Why it's so Essential
  2. Business Intelligence – Collecting, Cleaning, and Merging Data
  3. Business Intelligence - Structuring Data for Business Analysis
  4. Business Intelligence - Fundamentals of Data Analysis
  5. Business Intelligence – Applying and Using Data Analysis
  6. Pricing Strategy with Business Intelligence
  7. Financial Forecasting and Business Intelligence

Learning Objectives

  • 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) 

5 Reviews (25 ratings)Reviews

Member's Profile
This course has a lot of complex data and calculations for preparing and measuring a forecast. This is a textbook lesson but not real helpful in developing a forecast.
Member's Profile
Good overview of models and high level theories, but would have liked to see some of the examples actually done in Excel or another tool.
Member's Profile
Solution for problems - if you can show via formulas with data input or in excel that would be very helpful
Member's Profile
revisit of regression analysis helpful and correlation aspects of analysis
Anonymous Author
Very informative


Course Complexity: Intermediate

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.

Education Provider Information

Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
  2:49Introduction to Financial Forecasting
  11:59Module 1: Overview of Forecasting
  12:13Module 2: Quantitative Forecasting
  7:40Module 3: Dealing with Trends in Demand
  9:41Module 4: Evaluating Forecasts
  44:22Financial Forecasting
  PDFSlides: Financial Statement Forecasting Using Business Intelligence
  PDFFinancial Statement Forecasting Using Business Intelligence Glossary/Index
  quizReview Questions
 examFinal Exam