Anticipatory Advisory Forecasting Services – Building Basics
The demand for anticipatory and strategic advisory from CPA’s continues to grow. Businesses are seeking financial professionals that have their sites on where the businesses are heading. When we are providing historical financial reporting they are expecting the results to be paired with forecasts through the end of the year or for the next few years.
As a trusted advisor providing Client Advisory Services, or as part of the accounting function within the organization you work for, this course is designed to cover hard and soft skills required for preparing forecasts accompanied by some specific tips and tools.
Recall how to build a basic forecast for a sample company provided as part of the course
Recognize the forecasting planning tool basic components
Distinguish between the various types of forecast models
Identify how to build forecasting drivers that impact the output
Distinguish between the various methods of forecasting to apply to your forecast
During this course we review how to get started on preparing dynamic forecasts that can be integrated into your regular reporting process.
The course will be fast paced and designed to build greater confidence with creating and maintaining forecasts.
Major topics covered include:
The importance of understanding the organization beyond the accounting function
Developing and documenting assumptions
Key concepts behind forecasting driver development
Pairing forecasting scenarios with the various types of forecasts
Considerations when selecting the method for forecasting the various types of financial activities and accounts
Using non-financial and financial inputs
Who Should Attend
This course is designed for individuals seeking to develop forecasting hard and soft skills and that recognize the value of providing forecasting solutions to their organizations or as part of their Client Advisory Services practices
Fields of Study
Management accounting experience preferred or recommended
Intermediate knowledge for financial reporting
Business Learning Institute
This course is available for your group as:
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