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
6th October 2026
Good content of courses.
Good content of courses. Download in seconds once payment is made. Easy website to purchase. Certificate provided immediately. Cannot fault, have used a couple of times now and will continue to do so.
5th October 2026
The course was concise and user friendly
The course was concise and user friendly
5th October 2026
Informative
Informative, interesting and the choices of videos or transcripts was great. Lots of takeaways for links to look at and things to refer back to.
3rd October 2026
Very good value for money
After the training I felt more prepared about the topic I chose.
2nd October 2026
Flawless from start to finish
Flawless from start to finish. Always use this company for staff training. Any issues and its sorted straight away by their wonderful team.
2nd October 2026
The videos were very clear in the…
The videos were very clear in the explanations and the slides matched this. The course covered what was needed without the extraneous waffle that often pads out these types of courses. I felt more informed at the end than when I started which is always good thing!
1st October 2026
Very good and easy to understand
Very good and easy to understand
1st October 2026
Great way to learn
It was easy to understand. A great way to learn.
28th September 2026
Good
A good experience
28th September 2026
So easy to book online & you can start…
So easy to book online & you can start your course straight away. The course was easy to navigate & really informational. Highly recommend.
Excellent
4.8 out of 5
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