Financial Modeling & forecasting Financial Statements
In this course, you will learn how to create forecasted financial statements for your company. We will teach you how to use past data such as cost of goods sold, depreciation expenses, and levels of inventory, and understand what caused those numbers to fluctuate over time.
13-17 March 2023
Two Seasons Hotel
Dubai, The UAE
We will process your VISA and Travel Insurance Certificate
We will pick you from the airport and drop you on your way back
About this Course
Financial reports are not just summaries of the past—they also include predictions for the future. In fact, most financial institutions are more interested in future performance than historical trends. Banks want to know your future cash flow; investors want to know future profits.
In this course, you will learn how to create forecasted financial statements for your company. Learn how to use past data such as cost of goods sold, depreciation expenses, and levels of inventory, and understand what caused those numbers to fluctuate over time. You will then learn how to use the information as the basis for forecasting, applying a simple but powerful equation: assets = liability + equity.
You will get hands-on practice building three different documents: a forecasted income statement, a forecasted balance sheet, and a forecasted statement of cash flow. Throughout the course, we will use famous business cases—like Home Depot’s cash-flow crisis—to illustrate the importance of accurate financial forecasts and their impact on business decisions.
Why Choose this Course
Financial forecasting – A prediction concerning future business conditions that are likely to affect a company, organisation, or country. A financial forecast identifies trends in external and internal historical data and projects those trends in order to provide decision-makers with information about what the financial status of the company is likely to be at some point in the future.
Financial Forecasting plays an important role in calculating the financial needs of your business. Your business will need adequate capital. Whether it be fixed or working capital, financial forecasting will help you make accurate predictions about what your business needs to succeed.
At the end of the course, participants will be able to;
Explain the importance of financial statements
Interpret the factors of a sales forecast
Determine the types of impacts that cause financial statement numbers to change
Differentiate the elements of a forecasted income statement
Apply the accounting equation to reconciling a balance sheet
Explain what is needed to deduce cash flow
Who Should Attend
This course is recommended for any financial professional who needs to create, maintain and improve the forecasting process at their company, as well as professionals in any function who must interpret, analyze and make decisions based on forecasts created by others.
Accountants working in the Government and Other Public Sector Entities
Auditors working in government Institutions
Policy Makers in the Public Sector
Practitioners in other fields seeking an entry point into the world of Public Financial Management
Management and Financial Accountants
Managers and Supervisors
Banking professionals who analyze Statements
This course is also recommended for anyone involved directly in the management of public finance or anyone involved in policy for Public Financial Management