Financial Forecasting
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This course is aimed at financial officers, team leaders and professionals. On completion learners will be able to explain financial forecasting, the challenges that come with it and the different methods.
Course Level: Intermediate
Duration: 2 Hours
Accreditation: CPD Certified
Certificate: Self-Printed Certificate
Description
The 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.
A 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.
The 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.
Learning Objectives
On completion of this course, learners will:
- Understand methods of financial forecasting
- Be able to explain the importance of accurate financial forecasting
- Be able to describe the challenges in creating accurate financial forecasts
- Be able to evaluate methods of financial forecasting
- Be able to understand how the key components of financial forecasting are used
Accreditation
The content of this course has been independently certified as conforming to universally accepted Continuous Professional Development (CPD) guidelines.
Certification
On 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.
Duration
This course will take approximately one to one and a half hours to complete, depending on learning speed.
Target Audience
This course is aimed at team leaders and professionals, including finance officers.
Entry Requirements
There are no specific entry requirements for this course.
What you'll learn
- Understand methods of financial forecasting
- Be able to explain the importance of accurate financial forecasting
- Be able to describe the challenges in creating accurate financial forecasts
- Be able to evaluate methods of financial forecasting
- Be able to understand how the key components of financial forecasting are used
Suitable for
- This course is aimed at team leaders and professionals, including finance officers
Certification
Self-Printed Certificate Option
Upon completion of the course, a digital certificate will be available to download instantly.
Frequently Asked Questions
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Once you have completed your purchase, you will be able to send the course(s) to other people using your system account with Enable by entering the learner’s email address so that they may access the training and set up their own system account with our Learning Management System.
Recent Reviews
13th July 2026
Good online training course
Good online training course
13th July 2026
Good clear information
Good clear information in the course. Options to watch a video or read a transcript was good in modules.
13th July 2026
Exellent food hygiene courseI completed the Food Hygiene course with Virtual College and it was excellent. The modules were clear, easy to follow and full of useful information. The videos and quizzes
I got my certificate quickly and the support team was helpful. Highly recommend Virtual College!
12th July 2026
Excellent I loved it
Excellent I loved it
9th July 2026
Simple,straightforward
Simple,straightforward
7th July 2026
I recently completed the Food Hygiene…
I recently completed the Food Hygiene course and found it very informative and easy to follow. The course explained important food safety practices clearly, including proper food handling, storage, cleaning, and preventing cross-contamination. The content was well-structured and practical, making it relevant for anyone working with food. I feel much more confident in understanding my responsibilities for maintaining high hygiene standards. Overall, I would highly recommend this course to anyone looking to improve their food safety knowledge.
4th July 2026
Course was very in depth and brought…
Course was very in depth and brought out all salient points without it being too difficult to take in. I know this was an online course but it would be good if you could buy printed book detailing all that is on the course. This would make for easy reference when needed.
4th July 2026
Easy to buy
Easy to buy, easy to navigate, reasonably priced
4th July 2026
Excellent training Safeguarding Level 3
Excellent training, so easy to follow and not the long laborious questions in the assessment. Look forward to starting another soon.
3rd July 2026
Excellent support
Excellent support. When we had to change the email address to transfer a login it was quickly dealt with.
Excellent
4.8 out of 5
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