Forecasting for Financial Managers

by David Allen

A faster rate of change in the business environment calls for a greater focus on looking forward. Discover the principles and practice of forecasting and how you can make the most of interpretative statistics, short-medium and long term forecasting, with this course.

price £75+vat
cpd hours 4 CPD hours
access 120 days' access

This course will enable you to

  • Recognise what forecasts are used for, and who is responsible for them
  • Discuss the principles and practice of statistics relevant to forecasting
  • Explore the mechanisms for effective forecasting in the short and medium-term
  • Recognise the ways in which long-term forecasting can inform strategic management

About the course

The rate of change in the business environment is greater than ever before and 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 of forecasting, this course looks at their application, especially in decision-making. It will help you to make use of effective interpretative statistics and to understand the role of short, medium and long-term forecasting within a comprehensive structure of control.

Look inside

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Contents

  • Looking to the future
    • The purpose of forecasting
    • Forecasts and projections
    • The importance of forecasting
    • Forecasting and financial control
    • Responsibility for forecasting
  • Statistics
    • Probability
    • The 80:20 rule
    • Dispersion
    • Correlation
    • Changes and variables
    • Regression
    • Big data
  • Short and medium-term forecasting
    • Hedging
    • Predictive modelling
    • Making the rules
    • Budgetary control
    • An increased pace of change
  • Long-term forecasting
    • Informing strategic management
    • Devolution
    • The theory of comparative costs
    • Constructing scenarios
    • The Delphi method
    • Modelling and simulation

Author

David Allen

Past President of CIMA and past Chairman of the Management Accounting Committee of IFAC.

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Access to this course
Total CPD unitshourshours4 unitshourshours21 units20 hours21 hours1,000+ unitshourshours1,000+ unitshourshours
Access period120 days120 days12 months12+ months
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team’s needs
Learn moreLearn moreLearn more
Recommended

Why not upgrade?

Find the best way to complete your CPD

Licence

All you need for this year and more.

Access to this course
Total CPD unitshourshours1,000+ unitshourshours
Access period12 months
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

Why not upgrade?

Find the best way to complete your CPD

Course

Need just a few unitshourshours?

Access to this course
Total CPD unitshourshours4 unitshourshours
Access period120 days
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs

Why not upgrade?

Find the best way to complete your CPD

Pick n Mix

All you need for this year's CPD.

Access to this course
Total CPD unitshourshours21 units20 hours21 hours
Access period120 days
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

Why not upgrade?

Find the best way to complete your CPD

Team

Keep your whole team up to date.

Access to this course
Total CPD unitshourshours1,000+ unitshourshours
Access period12+ months
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

Why not upgrade?

Find the best way to complete your CPD

Licence

Recommended

All you need for this year and more.

Access to this course
Total CPD unitshourshours1,000+ unitshourshours
Access period12 months
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

Course

Need just a few unitshourshours?

Access to this course
Total CPD unitshourshours4 unitshourshours
Access period120 days
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs

Pick n Mix

All you need for this year's CPD.

Access to this course
Total CPD unitshourshours21 units20 hours21 hours
Access period120 days
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

Team

Keep your whole team up to date.

Access to this course
Total CPD unitshourshours1,000+ unitshourshours
Access period12+ months
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

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