{"product_id":"financial-forecasting-training","title":"Financial Forecasting","description":"\u003cp\u003eThe course begins with describing the separate but also linked processes of planning, budgeting and forecasting and their definitions in more detail. Five types of budget are reviewed: master, cash, capital expenditure, operating and departmental budgets and four steps to take to ensure that budgets and forecasts are realistic.\u003c\/p\u003e\n\u003cp\u003eA seven stage budgeting and forecasting process is described, consisting of the sales budget, the production budget, the materials purchases budget, the budgeted labour and overhead costs and expenses, the cash budget, the master budget, the financial forecast. Next the components of a financial forecast are reviewed: the profit and loss account, the balance sheet and the cash flow statement.\u003c\/p\u003e\n\u003cp\u003eThe module emphasises the importance of accurate financial forecasting and its many benefits to an organisation, reviewing briefly the different qualitative and quantitative methods and techniques used, including the Delphi method, market surveys and reference class forecasting for example. The module concludes with a review of the challenges of accurate financial forecasting.\u003c\/p\u003e\n\u003ch3\u003eLearning Objectives\u003c\/h3\u003e\n\u003cp\u003eOn completion of this course, learners will:\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eUnderstand methods of financial forecasting\u003c\/li\u003e\n\u003cli\u003eBe able to explain the importance of accurate financial forecasting\u003c\/li\u003e\n\u003cli\u003eBe able to describe the challenges in creating accurate financial forecasts\u003c\/li\u003e\n\u003cli\u003eBe able to evaluate methods of financial forecasting\u003c\/li\u003e\n\u003cli\u003eBe able to understand how the key components of financial forecasting are used\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003ch3\u003eAccreditation\u003c\/h3\u003e\n\u003cp\u003eThe content of this course has been independently certified as conforming to universally accepted Continuous Professional Development (CPD) guidelines.\u003c\/p\u003e\n\u003ch3\u003eCertification\u003c\/h3\u003e\n\u003cp\u003eOn successful completion of this course, you will be awarded a Virtual College certificate which you will be able to download and print immediately on completion.\u003c\/p\u003e\n\u003ch3\u003eDuration\u003c\/h3\u003e\n\u003cp\u003eThis course will take approximately one to one and a half hours to complete, depending on learning speed.\u003c\/p\u003e\n\u003ch3\u003eTarget Audience\u003c\/h3\u003e\n\u003cp\u003eThis course is aimed at team leaders and professionals, including finance officers.\u003c\/p\u003e\n\u003ch3\u003eEntry Requirements\u003c\/h3\u003e\n\u003cp\u003eThere are no specific entry requirements for this course.\u003c\/p\u003e","brand":"Virtual College by Netex","offers":[{"title":"Self Printed Certificate","offer_id":50706948981083,"sku":"01-LMX-01-012","price":60.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0862\/8990\/8059\/files\/Man_in_office_looking_at_forecast_numbers.webp?v=1744800801","url":"https:\/\/shop.virtual-college.co.uk\/products\/financial-forecasting-training","provider":"Virtual College by Netex","version":"1.0","type":"link"}