The Controllership Series - The Controllers Role in Financial Forecasting

Overview

Financial forecasting is an important part of any successful business. It enables businesses to plan for the future and anticipate scenarios based on strategy. The controller helps forecast financials by calculating future revenue and income streams. In recent years, corporate finance has undergone many dramatic changes due to the growth of a number of high-tech tools. The responsibilities/competencies of the Financial Controller position (FC) has changed in recent years To maximize performance, Controllers must be aware of how the FC position is changing, and how they must adjust to these changes. There are many types and methods of financial forecasting. This course will review the most prevalent forecasts and relative methods being used.

Prerequisites

None

Objectives

• Discover and define financial forecasting
• Identify the types of financial forecasting
• Recognize the quantitative steps to creating a pro forma statement
  • Pro forma forecasting using percent of sales
  • Forecasting using straight line and moving average
• Recognize the qualitative steps
  • Financial forecasting using linear regression
  • Financial forecasting using the Delphi method

Highlights

• Accounting
• Finance