Description
Vocational Skills in Accounting and Finance Paper – III
(Introduction to Financial Forecasting)
FYBAF Semester II
As Per NEP 2020
(w.e.f. the Academic Year 2024-25)
Syllabus
Module I : Understand the Significance of Forecasting in Finance 15 Hours
♦ Role of Forecasting in Financial Decision-making
♦ Limitations and Risks Associated with Forecasting
♦ Ethical Considerations involved in Financial Forecasting
♦ Types of Forecasting Techniques in Finance : Straight Line, Moving Average, Time Series Analysis, Sales Forecasting and Cash Budget (Manual Calculations are Expected)
Module II : Creating Forecasts Using Excel 15 Hours
♦ Trend Analysis Using Excel
♦ Calculation of Moving Averages and Forecast Function in Excel
♦ Forecasting Sales and Cash Budget Using Excel Function
♦ Evaluation of Model Using Mean Absolute Percentage Error
(Note: The module/s are to be taught with the help of the computer wherever practical exposure is required.)
Information: Model question paper for external exam will be provided during the workshops.
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