Financial Forecasting
Buying more than 10 courses?
Our volume discounts are perfect for training teams, you can mix and match most of our courses to make a saving on your order!
10% off orders of 10 or more courses
20% off orders of 25 or more courses
30% off orders of 50 or more courses
40% off orders of 100 or more courses
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
After you have completed your purchase, you will be able to access your training straight away!
When buying one of our courses, you will need to enter a valid email address which will be used to create your account with our Learning Management System – Enable – where you will take the training. We will also send your purchase receipt to this email address, and any additional courses purchased in future using the same email address will be added to your system account.
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
30th October 2026
An easy platform to use
An easy platform to use
29th October 2026
Availability of support at the end of a…
Availability of support at the end of a telephone.
27th October 2026
The usual excellent Virtual College Service
The usual excellent Virtual College Service. Easy to find, book and pay for courses and send a link to the person taking it by email. My 'go to' online training provider.
27th October 2026
Everything was simple and easy to…
Everything was simple and easy to understand.
25th October 2026
In my own space and at a pace I can…
In my own space and at a pace I can work at.
25th October 2026
A clear and quick experience when I…
A clear and quick experience when I purchased some courses from you recently
25th October 2026
Easy to load and pause
Easy to load and pause. Great, clear information. Well laid out units with questions to try out. They correct you and that was a great learning tool for me.
25th October 2026
Excellent course easy to use
Excellent course easy to use
24th October 2026
Informative and easy to follow
Informative and easy to follow. Great value for money.
24th October 2026
Easy to understand information.
Easy to understand information.
Excellent
4.8 out of 5
16523 Reviews on
)
)
)
)
)
)