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Forecasting and Performance Evaluation Logo cgma

  Kaplan Publishing Limited |   $335.00 - 425.00 |   CPE: 19.0 |   AICPA |   Aug 2015 |   Business Mgmt. & Organization |   AICPA Store
Who Will Benefit?
  • Management accountants wanting to develop skills in financial performance management
  • CGMA exam candidates
Topics Discussed:
  • Purposes of budgeting
  • Alternative approaches to budgeting
  • Adjusting forecasts for inflation
  • Investment centers and performance measures
  • Standard costing and variance analysis
Learning Objectives

When you complete this course, you will be able to:

  • Identify the advantages and benefits of traditional and alternative methodologies of budgeting and forecasting.
  • Identify elements of budgetary control.
  • Calculate forecasts of financial results
  • Calculate key financial performance indicators such as profitability, liquidity and asset turnover ratios.
  • Determine operating results based on standard costing methods, including the reconciliation of budgeted and actual profit margins.
This CPE course is included in the 60+ hours of Financial Performance Management Program.

Forecasting and Performance Evaluation includes six courses that cover planning and budgeting, the budgeting process, forecasting techniques, performance measures, and variance analysis.

Planning and Budgeting Explores the purposes of budgeting such as for planning, control and evaluation, coordination, communication, motivation, and authorization.

Budgeting Process Explores decentralization, and cost, profit and investment centers, and includes the meaning of budgetary control.

Forecasting Techniques Covers forecasting techniques related to budgeting.

Performance Measures This course is broken into two parts. Part I: Budgetary Performance Measures examines key metrics in the budget, including profitability, triangulation, and liquidity. Part II: Alternative Measures of Performance not only includes the shortcomings of financial indicators, but it explores the non-financial performance indicators.

Variance Analysis I Explores standard costing and variance analysis and examines sales variances, including sales price variance, and sales volume variance.

Variance Analysis II Explores variance investigation, including when a variance should be investigated and explains different interpretations of variances as well as possible interdependence between variances.

Topics covered:
  • Management accounting: Technical: Business planning: Planning, forecasting & budgeting, Foundational


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