This CPE course explores forecasting techniques related to budgeting. This course explains the high-low method, which is a method of breaking semi-variable costs into their two components (fixed costs and variable costs). It includes the three steps related to semi-variable costs, determine the variable costs, find the fixed costs, and then calculate the expected costs. In addition, it includes a discussion on regression analysis, adjusting forecasts for inflation, as well as time series analysis.
▪ Calculate forecasts of financial results
▪ Calculate projected product and service volumes, revenue, and costs employing appropriate forecasting techniques and taking account of cost structures
▪ The high-low method
▪ Regression analysis
▪ Adjusting forecasts for inflation
▪ Time series analysis
Management accountants wanting to develop skills in financial performance management.
CGMA exam candidates.