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
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
6th June 2026
Very easy to follow the training
Very easy to follow the training
6th June 2026
Easy
Easy, relevant and straightforward to do
6th June 2026
Very well explained
Very well explained, and found the mini test at the end of each module very helpful. The actual test wasn't too long either which was great as after doing the modules I wasn't looking forward to a long drawn out test.
6th June 2026
The course was very easy to navigate
The course was very easy to navigate, and the instructions were clear. Logging on was also a simple process.
4th June 2026
This is the best educational platform where everyone can complet their course.Because every course has described by modules which was explained for learner understanding. This is why which i choose
This is the best educational platform where everyone can complet their course.Because every course has described by modules which was explained for learner understanding. This is why which i choose Virtual College. On the otherhand they are customer service was helpful and friendly also.
4th June 2026
Good and conclusive explanation
It was easy to access the coarse, give us the opportunity to review the topics. The good point is to check our understanding by short quiz
3rd June 2026
The course I required was readily…
The course I required was readily available. It was informative and easy to follow it was good that you could mark your place and return at a later time. Certificate was printable.
2nd June 2026
Easy to use and good value
Easy to use and good value. Very informative and I will use again
1st June 2026
Excellent study material and trained…
Excellent study material and trained well
1st June 2026
Quick, Easy, Simples!
Answered my initial concerns raised by email to enable me to complete my order.
Excellent
4.8 out of 5
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