CPE Self-Study

Financial Forecasting and Decision Making

  • $129.00-$169.00
    Financial Forecasting and Decision Making In Stock Product #: 733970
    AICPA Member: $129.00
    Non-Member: $169.00
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    Product #: GT-FFMD

Many companies fail to succeed due to poor planning, which is one reason why CPA's are in big demand. Skilled at forecasting, CPAs can plan a company's future by determining the maximum sustainable growth and predict its external fund requirements. This course provides you with the basic tools necessary to project the balance sheet and statements of income and cash flow, enabling you to add a unique value to your client(s) work.

Learning Objectives

This course will prepare you to do the following:

  • Recall the basics of planning and forecasting financial statements
  • Recall considerations related to a basic forecasting model
  • Identify the evidence of growth mismanagement and develop the skills to determine maximum sustainable growth
  • Apply statistical procedures to forecasting
  • Analyze projected or forecasted financial statements

Key Topics

  • Overview of the forecasting process
  • The basic forecasting model
  • Techniques used to forecast sales
  • A case analysis on working capital planning
  • Forecasting the company's capital structure
  • Projecting the income statement and balance sheet
  • Determining maximum sustainable growth
  • Using forecasting to aid growth planning
  • Forecasting short-term cash requirements

Who Will Benefit?

  • Financial professionals responsible for preparing forecasts

System Requirements

About the Authors

Wallace N. Davidson, III, Ph.D., CMA

Southern Illinois University/Carbondale, Illinois

Dave Davidson is a dynamic instructor with 25 years experience in corporate finance. He previously served as a financial analyst in the utility industry. Dr. Davidson is an accomplished author of several continuing education seminars for the AICPA, including the popular "Financial Statement Analysis: Basis for Management Advice." Twice recognized as an AICPA Outstanding Discussion Leader, Dr. Davidson speaks nationally to business organizations and state societies.

About the Publisher


About the AICPA The American Institute of CPAs is the world’s largest member association representing the accounting profession, with more than 412,000 members in 144 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting. The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialty credentials for CPAs who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. Through a joint venture with the Chartered Institute of Management Accountants, it has established the Chartered Global Management Accountant designation, which sets a new standard for global recognition of management accounting.

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