How to Make Financial Forecasts (1 cr)

Evaluation scale

H-5

Schedule

The course is ongoing

Intro

This course gives an introduction on the practicalities of the financial considerations while planning or implementing a business. The goal is to help you to navigate through the components of needed investment and needed calculation for good business planning and implementation.

Materials

Material include some PPT slides, Videos, and Excel Templates and tables

Teaching methods and instruction

This course is completely Virtual. Participants are provided with different material, tools, videos etc. Participants are expected to complete a short learning assignment aiming at practicing how to use excel to do some simple financial forecasting.
After completing and submission of the assignment, participant will get 1 credit.

Working life connections

This course gives an introduction on the practicalities of the financial considerations while planning or implementing a business. The goal is to help you to navigate through the components of needed investment and needed calculation for good business planning and implementation. The module is connected to entrepreneurial business planning and development. Participants learn the role of different calculations in a business plan. In addition, they learn how to do forecast to promote business growth.

Upon completion of the course, participants should be able to calculate
- The needed investment
- Fixed Cost & Variable Costs
- Sources of finances
- Revenue stream
- Calculation of Breakeven point.
- Profitability analysis
- Sales forecast
- Understanding and analysis of balance sheet

Exam dates and re-exam possibilities

No exam is required

Participants will only submit the an assignment to Moodle

Internationality

Participants are from different nationalities
Business ideas have international character

Completion alternatives

Non Available

Learning assignments

The assignment consists of practicing financial forecasting by using an available excel template.
Participants are required to fill in the financing statement which should be filled in with all the investments and operating expenses required to start a business.
Second, they also should fill in the income statement and profitability calculation.
which shows how much the entrepreneur needs to sell to make his own business profitable. Lastly, the template contains a table on cash flow statement which helps the entrepreneur to ensure that he/she always has enough money in the bank account to pay the bills.

Assessment methods

The course is assessed as pass or fail.

Pass: After completing and submitting the filled excel assignment

Fail: Lack of submission of the filled excel tables