Corporate Finance #3 Forecasting & Budgeting

Master Financial Forecasting & Budgeting: Optimize Planning & Decision-Making with Accurate Projections & Strategies

4.50 (277 reviews)
Corporate Finance #3 Forecasting & Budgeting
8.5 hours
Oct 2022
last update
regular price

What you will 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.

Why take this course?

Course Title: Corporate Finance #3 Forecasting & Budgeting
Headline: Master Financial Forecasting & Budgeting: Optimize Planning & Decision-Making with Accurate Projections & Strategies ๐Ÿš€

Course Description by Robert (Bob) Steele


Dive into the intricacies of financial forecasting and budgeting with our expert-led course designed to empower you with strategic planning skills and robust decision-making capabilities. With a focus on practical application using Microsoft Excel, this course is your stepping stone to becoming proficient in corporate finance.

Course Content:

Key Concepts Covered:

  • Historical Analysis: Leverage past financial statements to understand performance trends and inform future projections. ๐Ÿ“Š
  • Forecasting Techniques: Learn how to predict future financial conditions using historical data, industry knowledge, and market analysis.
  • Strategic Budgeting: Develop a systematic approach to creating budgets that reflect your company's financial plan. ๐Ÿ’ก
  • Economic and Business Factors: Factor in external changes such as economic shifts, new initiatives, and business environment dynamics.

Practical Application:

  • Real-World Scenarios: Engage with a variety of example problems that bring to life the concepts discussed.
  • Excel Mastery: Utilize downloadable Microsoft Excel worksheets complete with step-by-step instructional videos for hands-on learning. ๐Ÿงพ
  • Interactive Learning: Work with dual-tabbed worksheets designed for structured learning and interactive problem-solving.

Step-by-Step Methodology:

  1. Starting Point: Use historical financial statements as a foundation to understand your company's current financial position. ๐Ÿ•ฐ๏ธ
  2. Sales Projections: Establish forecasted sales as the cornerstone for your financial budgeting process.
  3. Budget Sequence: Systematically create a capital budget, cash budget, and budgeted income statement, each informed by your sales projections.
  4. Projected Balance Sheet: Learn to project a future balance sheet to anticipate the company's financial health at a later point in time. ๐Ÿ”ฎ
  5. Comprehensive Understanding: Integrate projected income statements and beginning balance sheets for a holistic view of your company's future financial performance.

Learning Outcomes:

  • Gain practical skills in financial planning and forecasting.
  • Master effective forecasting techniques to predict future financial conditions accurately.
  • Achieve proficiency in budgeting strategies to guide your company's financial decisions.
  • Feel confident in making informed, strategic decisions based on sound financial projections.

Why Enroll?

By completing this course, you will not only understand the importance of forecasting and budgeting but also have the tools to apply these concepts effectively within your organization. Join a community of finance professionals and elevate your career with the knowledge and skills needed to navigate corporate finance with ease and precision. ๐ŸŒŸ

Enroll Now and Transform Your Financial Forecasting & Budgeting Expertise!

Our review

๐ŸŒŸ Course Review Summary ๐ŸŒŸ

Overall Rating: 4.00/5.00

Course Content and Delivery

  • Pros:

    • The course was presented by an engaging speaker who effectively explained complex topics in forecasting, budgeting, and corporate finance.
    • The content was well-received by the audience, with attendees finding it both comprehensive and clear.
    • The course provided practical insights that were applicable to real-world scenarios, particularly in accounting and financial analysis.
    • It has been reported that the course enhanced understanding of basic financial concepts and was beneficial for both students and practitioners in the field of finance.
  • Cons:

    • There was a mention of a mismatch between the expected course structure and actual content; some participants anticipated more theory than practice, which is the opposite of what the course provided (25% theory and 75% practice). This discrepancy was not clearly communicated beforehand.
    • The course's structure, being heavily focused on practical application rather than theoretical explanation, may have taken some by surprise.

Student Satisfaction and Impact

  • Pros:

    • The course was described as "very beneficial," meeting and exceeding expectations.
    • It has already been applied to the job of one participant, with positive outcomes and an improved understanding of financial modeling.
    • Participants expressed gratitude for the course, noting that it contributed significantly to their professional development and knowledge in finance.
  • Cons:

    • The lack of prior indication regarding the course's practical focus might have caused some initial confusion or difficulty for those expecting a different balance of theory and practice.

General Feedback and Recommendations

  • Pros:

    • The course was highly recommended by several participants, indicating its value in both academic and professional settings.
    • It has already had a positive impact on the job performance of at least one participant, who joined a sales company recently.
    • Participants are looking forward to more courses from the provider due to the positive experience with this finance course.
  • Cons:

    • It is recommended that the course description be updated to accurately reflect the content balance between theory and practice to avoid any future misconceptions.
    • Potential students should be made aware of the high practical component to set appropriate expectations for engagement and application.


This course has been well-received by the majority of participants, with positive feedback highlighting its practical approach, engaging content, and overall value in understanding and applying finance concepts. However, it is important that the course description be adjusted to clearly communicate its practical nature to set appropriate expectations for future learners. With this adjustment, the course is likely to continue receiving high marks from students and professionals in the field of finance.



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