Course Title   Creating Financial Projections
 Level
Intermediate to Advanced Accounting Principles
 Objectives
To understand what financial projections are and to describe what comprises a good set of projections.
To discuss the need for assumptions and the different kinds of assumptions you need to address.
To create a projected fixed and variable expense budget.
To learn how to create a projected income statement, cash flow statement, balance sheet, and breakeven point analysis.
To learn what the dos and doníts are for creating such financial projections.
 Description
Financial projections are a collection of statements that present a numerical model of your business. Any good business plan must pass two separate tests: the story test and the number test. The story test asks, "Does the story make sense?" The number test asks, "Does the story add up?" A well-prepared set of financial projections helps to address that indeed the story does add up, but it also does much more than that. The projections reveal the entrepreneurís basic assumptions which are usually synthesized together in their mind only.

It doesn't matter whether you're applying for your first bank loan or your fifth, or whether you're seeking venture capital or debt financing. Sooner or later, you'll have to prepare a set of financial projections. Lenders will look for a strong likelihood of repayment using your projections. Investors will calculate what they think is the value of your company based upon these numbers.

Constructing a set of projections allows you to play with your business model in a safe environment. Playing on paper is a valuable form of prototyping that can raise many questions before you make a decision. Under most conditions, fast learners are going to outperform even the most brilliant planners. The key is not to think of your numbers as a "plan" set in stone, but as a learning environment where you can test out different scenarios and decisions.
 Course Content
Topics covered by this course include:
What are financial projections?
Your assumptions
Budgeting your fixed expenses
Determining your variable costs
Calculating your breakeven point
Creating a sales forecast
The income statement
The cash flow statement
The balance sheet
The dos and the doníts
 Features
Crash Course Feature gives you a quick overview about the body of knowledge found in the course itself. It takes into account information you provide to deliver just the content you desire.
SmallBizU KnowledgeBase gives you access to literally hundreds of small business documents, worksheets, template, resources, and tools necessary in growing a small business.
SmallBizU Projection Toolset:   A comprehensive collection of worksheets and financial models are provided to jump start the creation of your financial projections.  The models help you to create a start-up cost analysis, financing assumptions, monthly fixed operating budget, variable cost and gross margin analysis, sales forecast, and cash flow assumptions.  When complete, you end up with three years of comprehensive financial projections perfect for any loan package or investor presentation.
Full PowerPoint Slideshow presents all of the course content in an easy-to-use offline course text.  
 Course Length
Course is approximately 3.0 hours to 3.5 hours in length and provides over 149 animated slides complete with voiceover narration.
 Course Fees
$US
 Enroll