Corporate Finance #3 Forecasting & Budgeting
Master Financial Forecasting & Budgeting: Optimize Planning & Decision-Making with Accurate Projections & StrategiesWhat you'll learn
- Define the concept of financial forecasting and explain its importance in financial planning.
- Apply forecasting techniques to make accurate projections of future financial performance.
- Analyze past financial statements to identify relevant data for forecasting and budgeting purposes.
- Utilize Microsoft Excel to create and manipulate financial models for forecasting and budgeting.
- Construct sales projections as a foundation for other budgeting components.
- Develop a production plan based on sales projections to optimize resource allocation.
- Prepare a capital budget by evaluating investment opportunities and estimating future cash flows.
- Create a cash budget to ensure adequate cash flow management and liquidity.
- Construct a budgeted income statement to assess projected financial performance.
- Develop a projected balance sheet to evaluate the expected financial position at the end of the budgeted period.
