Preparing Forecasts and Projections with Confidence (Completed)

This webcast will provide a basic introduction into the area of prospective financial statements. After gaining an understanding of the fundamental concepts, participants will be ready to begin to prepare with confidence the various types of prospective financial statements. This is a value-added nontraditional engagement that can provide critical information to investors, lenders, and many other users requiring financial information related to future periods, and can be a potentially lucrative service for practitioners to offer.

Who Should Attend
Practitioners at all levels regardless of their current type of practice, who would like an overview of the area of prospective financial statements.

Topics Covered

• Forecasts and projections
• Presentation types: "limited" and "general use"
• Pro forma financial statements
• Proper use and application of assumptions
• Explanation of levels of service available

Learning Objectives

• Understand the fundamental concepts of preparing prospective financial statements
• Understand how the proposed use of prospective financial statements impacts the presentation type available
• Gain an understanding of the engagement administration issues unique to prospective presentations
• Understand the levels of service appropriate for third-party use and the reporting considerations applicable to each

Level
Basic

Instructional Method
Group: Internet-based

NASBA Field of Study
Accounting (2 hours)

Program Prerequisites
None

Advance Preparation
None