Planning in an Uncertain World

Friday, January 31, 2025
Webcast or Webinar, Online
1:00 PM - 2:50 PM (opens at 12:30PM) EST
2Credits
Accounting and Auditing

Registration is Open

Members
$79.00 Regular Price
Non-Members
$109.00 Regular Price

CPE PowerPass Users

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$40.00 Members / $56.00 Non-Members
Course Type: Webcast
Course Code: 24/AC687892
Level: Intermediate
Vendor: ACPEN
Field of Study: Accounting

Overview:

We all make predictions in our personal and professional lives.  We base our decisions to marry, buy a house, launch a new product or hire staff on expectations about the future.  In the past few years, research into improving predictions has advanced. We will look at this research and current best practices in forecasting to help us prepare better budgets and projections. 

Objectives:

  • Better understand factors which can cause predictions to be wrong

 

Major Topics:

  • Why great predictions are not intuitive but the result of critical thinking, gathering information and updating predictions when needed
  • How to separate correlation from causation
  • How to recognize and overcome bias
  • Who is Thomas Bayes and why he matters

Major Topics:

  • Why great predictions are not intuitive but the result of critical thinking, gathering information and updating predictions when needed
  • How to separate correlation from causation
  • How to recognize and overcome bias
  • Who is Thomas Bayes and why he matters

Designed For:

CFOs, Controllers, Budget Managers and other professionals who work on budgets and forecasts

Prerequisites:

Some budgeting and forecasting experience