Master Financial Forecasting & Budgeting: Optimize Planning & Decision-Making with Accurate Projections & Strategies
Sub Category
- Management
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Objectives
- Define the concept of financial forecasting and explain its importance in financial planning.
- Apply forecasting techniques to make accurate projections of future financial performance.
- Analyze past financial statements to identify relevant data for forecasting and budgeting purposes.
- Utilize Microsoft Excel to create and manipulate financial models for forecasting and budgeting.
- Construct sales projections as a foundation for other budgeting components.
- Develop a production plan based on sales projections to optimize resource allocation.
- Prepare a capital budget by evaluating investment opportunities and estimating future cash flows.
- Create a cash budget to ensure adequate cash flow management and liquidity.
- Construct a budgeted income statement to assess projected financial performance.
- Develop a projected balance sheet to evaluate the expected financial position at the end of the budgeted period.
Pre Requisites
- Basic understanding of financial statements, including familiarity with balance sheets, income statements, and statement of cash flows.
- Access to a computer or laptop with internet connectivity to access course materials and complete practice exercises.
- Eagerness to learn and apply financial forecasting and budgeting techniques in practical scenarios.
- Openness to hands-on practice and willingness to work with Microsoft Excel or similar software to create financial models and projections.
- Curiosity and a desire to enhance financial planning skills and make informed decisions based on accurate projections.
FAQ
- Q. How long do I have access to the course materials?
- A. You can view and review the lecture materials indefinitely, like an on-demand channel.
- Q. Can I take my courses with me wherever I go?
- A. Definitely! If you have an internet connection, courses on Udemy are available on any device at any time. If you don't have an internet connection, some instructors also let their students download course lectures. That's up to the instructor though, so make sure you get on their good side!
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