In the past, many companies focused on high level P&L forecasting with, at best, a very short-term, daily treasury forecast. With an increased focus on cash during the recent financial downturn, cash forecasting became a key aspect of the financial management of a business. In this course we will discuss treasury forecasting, its goals and benefits.
The course covers different types of forecasting from very short through medium and long term forecasts and their different objectives. We cover traditional approaches like direct and indirect cash flow forecasting, and I share some common techniques used for treasury forecasting. We end up with a few “golden rules” for accurate cash flow forecasting and you will be in a much better position to forecast cash accurately for your company.
Learning Objectives
- Identify the main benefits of forecasting in treasury
- Recognize how to apply forecasting methods according to business objectives
- Discover how to formulate golden rules to help improve cash flow forecasting accuracy
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Prerequisites
Prerequisite: Exposure to corporate finance
Advanced Preparation: None