Join Rudolph Rosenberg for an in-depth discussion in this video What you should know before watching this course, part of Financial Analysis: Making Business Projections.
To get the most out of this course, you need to have, at least, a basic understanding of what a P&L is and how it fits into the financial statements of a company. If you're not familiar with this concept or if you feel you could use a refresher on the subject, then I would recommend that you take a look at the course, "Financial Literacy: Reading Financial Reports" in the Lynda.com training library. Additionally, the Financial Analysis series of courses will provide you with in-depth information on analyzing a business' current performance.
This analysis will be essential in making projections for the future. Also, the course will lightly touch on some accounting concepts, but you do not need to have any knowledge of accounting to follow this course. You should know, though that this is not an accounting course, and as such, I strongly advise you to consult with a certified accountant if you have an accounting question. Please, also know, that in this course, we will be entirely focused on getting useful insights from our analysis, even if it means deviating from traditional finance to get closer to the business reality.
Lynda.com is a PMI Registered Education Provider. This course qualifies for professional development units (PDUs). To view the activity and PDU details for this course, click here.
The PMI Registered Education Provider logo is a registered mark of the Project Management Institute, Inc.
- Distinguish between forecasting and planning.
- Recall the pros and cons of bottom-up projection.
- Explain how a finance manager can utilize a sales pipeline in business projections.
- Describe how a company can forecast its gross margin by product.
- Identify the pros and cons of using top-down projection.
- Recognize how business plans utilize forecasts.
- Summarize how to develop a set of worst-case scenarios.