Price: USD 137
- Duration: 5 Hours
Course details
The rate of change in the business environment is greater than ever before, managers are recognising that they have to spend more time looking forward. For you, the finance professional, this is vitally important but not necessarily straightforward.
Coming to terms with judgements about the future, which are subject to significant margins of error, requires a particular set of skills.
Training tickets will be debited 5 points.
As well as describing the principles and practice of forecasting, this course looks at their use, especially in decision making. It covers interpretative statistics, short-medium term forecasting and long range forecasting.
This course enables you to:
- Recognise what forecasts are used for, and who is responsible for them
- Discuss the principles and practice of statistics relevant to forecasting
- Explore short / medium term forecasting
- Look closer at long range forecasting
Learning Outcomes
Looking to the future
- What are forecasts for?
- Why has forecasting become more important of late?
- Where does forecasting fit within a structure of financial control?
- Responsibility for forecasting
Statistics
- Basics
- Probability of dispersion
- Correlation
- Regression
Short and medium range
- Hedging
- Predictive modelling
- Standard costing
- Budgetary control
Long range
- Demographics
- Devolution
- The value of money
- Some relevant techniques
Updated on 08 November, 2015
About Institute of Chartered Accountants of Ireland
Chartered Accountants Ireland (The Institute) is a membership body representing 23,000 influential members throughout the globe. their role is to educate, represent and support their members. their members work in senior positions in practice and industry. they are committed to restoring confidence at every level of the economy. they work with governments and businesses to raise awareness of the importance of sound financial advice.
Chartered Accountants Ireland was established as the Institute of Chartered Accountants in Ireland by Royal Charter in 1888. Its activities and those of its members are governed by its Bye-Laws and by Rules relating to professional and ethical conduct. These provisions are contained in the Handbook which is available to all members.
Chartered Accountants Ireland is governed by a Council and it is responsible for determining policy and monitoring its implementation. Council is lead by the Officer Group and supported by the Management Team and staff. A number of committees with voluntary member involvement also play a key role.
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