1. Boundless Lecture Slides Free to share, print, make copies and changes. Get yours at www.boundless.com Available on the Boundless Teaching Platform

2. Using Boundless Presentations The Appendix The appendix is for you to use to add depth and breadth to your lectures. You can simply drag and drop slides from the appendix into the main presentation to make for a richer lecture experience. Free to edit, share, and copy Feel free to edit, share, and make as many copies of the Boundless presentations as you like. We encourage you to take these presentations and make them your own. Free to share, print, make copies and changes. Get yours at www.boundless.com Boundless Teaching Platform Boundless empowers educators to engage their students with affordable, customizable textbooks and intuitive teaching tools. The free Boundless Teaching Platform gives educators the ability to customize textbooks in more than 20 subjects that align to hundreds of popular titles. Get started by using high quality Boundless books, or make switching to our platform easier by building from Boundless content pre-organized to match the assigned textbook. This platform gives educators the tools they need to assign readings and assessments, monitor student activity, and lead their classes with pre-made teaching resources. Get started now at: If you have any questions or problems please email: educators@boundless.com http://boundless.com/teaching-platform

3. Boundless is an innovative technology company making education more affordable and accessible for students everywhere. The company creates the world’s best open educational content in 20+ subjects that align to more than 1,000 popular college textbooks. Boundless integrates learning technology into all its premium books to help students study more efficiently at a fraction of the cost of traditional textbooks. The company also empowers educators to engage their students more effectively through customizable books and intuitive teaching tools as part of the Boundless Teaching Platform. More than 2 million learners access Boundless free and premium content each month across the company’s wide distribution platforms, including its website, iOS apps, Kindle books, and iBooks. To get started learning or teaching with Boundless, visit boundless.com.boundless.com Free to share, print, make copies and changes. Get yours at www.boundless.com About Boundless

4. Inputs Steps Required to Forecast Overview of Forecasting Forecasting Financial Statements > Overview of Forecasting Free to share, print, make copies and changes. Get yours at www.boundless.com www.boundless.com/finance?campaign_content=book_192_section_49&campaign_term=Finance&utm_campaign=powerpoint&utm_medium=dir ect&utm_source=boundless

5. Forecasting is the process of making statements about events whose actual outcomes (typically) have not yet been observed. Time series is a sequence of data points, measured typically at successive time instants spaced at uniform time intervals. Cross-sectional data refers to data collected by observing many subjects at the same point of time, or without regard to differences in time. A longitudinal data involves repeated observations of the same variables over long periods of time — often many decades. Judgmental forecasting methods incorporate intuitive judgements, opinions and subjective probability estimates. Inputs Free to share, print, make copies and changes. Get yours at www.boundless.com www.boundless.com/finance/textbooks/boundless-finance-textbook/forecasting-financial-statements-4/overview-of-forecasting-49/inputs-238- 4277?campaign_content=book_192_section_49&campaign_term=Finance&utm_campaign=powerpoint&utm_medium=direct&utm_source=boundl ess Forecasts are company specific and can either show negative or positive trends. View on Boundless.com Forecasting Financial Statements > Overview of Forecasting

6. It is important to note those earlier identified 'threats' to your business to ensure that as you forecast you can see the deviation of the best and worst models. Three key forecasts include problem definition, cash flow forecast, profit forecast, and balance sheet forecast. By completing these scenarios you gain an insight into the various risks that a business faces. Steps Required to Forecast Free to share, print, make copies and changes. Get yours at www.boundless.com www.boundless.com/finance/textbooks/boundless-finance-textbook/forecasting-financial-statements-4/overview-of-forecasting-49/steps-required- to-forecast-239- 3826?campaign_content=book_192_section_49&campaign_term=Finance&utm_campaign=powerpoint&utm_medium=direct&utm_source=boundl ess Steps View on Boundless.com Forecasting Financial Statements > Overview of Forecasting

7. Free to share, print, make copies and changes. Get yours at www.boundless.com Appendix

8. Key terms Dow Jones index It is an index that shows how 30 large publicly-owned companies based in the United States have traded during a standard trading session in the stock market. nonprobability sample a subset of the population in which the probability of getting any particular sample may be calculated, and therefore cannot be used to represent the whole population probability sample a technique of studying a population subset in which the liklihood of getting any particular subset may be calculated taxable income Taxable income refers to the base upon which an income tax system imposes tax. Free to share, print, make copies and changes. Get yours at www.boundless.com Forecasting Financial Statements

9. Steps Forecasting steps to success Free to share, print, make copies and changes. Get yours at www.boundless.com Google. "Google Image Result for." CC BY http://www.google.com/imgres?q=steps&hl=en&biw=1280&bih=595&tbs=sur:fmc&tbm=isch&imgrefurl=http://createwhatmattersmost.blogspot.com/2012/07/succes s-simple-do-it-by-numbers.html&tbnid=4nLX6cMIINzXTM&docid=xRzDyVG_phzwdM&ved=0CE8QhRYoAQ&ei=rSl6ULzeDPGp0AGomYC4AQ&dur=4232 View on Boundless.comCC BY http://www.google.com/imgres?q=steps&hl=en&biw=1280&bih=595&tbs=sur:fmc&tbm=isch&imgrefurl=http://createwhatmattersmost.blogspot.com/2012/07/succes s-simple-do-it-by-numbers.html&tbnid=4nLX6cMIINzXTM&docid=xRzDyVG_phzwdM&ved=0CE8QhRYoAQ&ei=rSl6ULzeDPGp0AGomYC4AQ&dur=4232View on Boundless.com Forecasting Financial Statements

10. Forecasts are company specific and can either show negative or positive trends. Predicting revenue can be challenging. Investors use forecasting to identify positive revenue predictions, like in this picture, for good investments. Free to share, print, make copies and changes. Get yours at www.boundless.com Shutterstock. "Graph In Hand, Businessmen Stock Photo 114038992 : Shutterstock." CC BY http://www.shutterstock.com/language.en/pic.mhtml?id=114038992&rid=945688 View on Boundless.comCC BY http://www.shutterstock.com/language.en/pic.mhtml?id=114038992&rid=945688View on Boundless.com Forecasting Financial Statements

11. Free to share, print, make copies and changes. Get yours at www.boundless.com Forecasting Financial Statements Which of the following is NOT a statistical forecasting method? A) Time Series. B) Judgmental. C) Cross-sectional. D) Longitudinal data.

12. Free to share, print, make copies and changes. Get yours at www.boundless.comwww.boundless.com Boundless - LO. "Boundless." CC BY-SA 3.0 http://www.boundless.com/CC BY-SA 3.0http://www.boundless.com/ Forecasting Financial Statements Which of the following is NOT a statistical forecasting method? A) Time Series. B) Judgmental. C) Cross-sectional. D) Longitudinal data.

13. Free to share, print, make copies and changes. Get yours at www.boundless.com Forecasting Financial Statements Which of the following is the correct order of steps when performing a forecast related to a company's performance? A) Perform sales forecast, multiply by unit price, assess market price, assess cost, determine profit. B) Perform sales forecast, assess market price, assess cost, multiply by unit price, determine profit. C) Assess market price, assess cost, perform sales forecast, multiply by unit price, determine profit. D) Assess market price, assess cost, perform sales forecast, multiply by unit price, determine profit.

14. Free to share, print, make copies and changes. Get yours at www.boundless.comwww.boundless.com Boundless - LO. "Boundless." CC BY-SA 3.0 http://www.boundless.com/CC BY-SA 3.0http://www.boundless.com/ Forecasting Financial Statements Which of the following is the correct order of steps when performing a forecast related to a company's performance? A) Perform sales forecast, multiply by unit price, assess market price, assess cost, determine profit. B) Perform sales forecast, assess market price, assess cost, multiply by unit price, determine profit. C) Assess market price, assess cost, perform sales forecast, multiply by unit price, determine profit. D) Assess market price, assess cost, perform sales forecast, multiply by unit price, determine profit.

15. Free to share, print, make copies and changes. Get yours at www.boundless.com Forecasting Financial Statements Which of the following risks refers to the possibility that the company will fail to earn the appropriate return on the money and effort it puts into the new product? Choose one answer. A) Financial risk B) Opportunity risk C) Innovation risk D) Investment risk

16. Free to share, print, make copies and changes. Get yours at www.boundless.comwww.boundless.com Saylor OER. "Business Administration « Saylor.org – Free Online Courses Built by Professors." CC BY 3.0 http://www.saylor.org/majors/Business/CC BY 3.0http://www.saylor.org/majors/Business/ Forecasting Financial Statements Which of the following risks refers to the possibility that the company will fail to earn the appropriate return on the money and effort it puts into the new product? Choose one answer. A) Financial risk B) Opportunity risk C) Innovation risk D) Investment risk

17. Attribution Wikibooks. "Sustainable Business/Forecasting your business." CC BY-SA 3.0 http://en.wikibooks.org/wiki/Sustainable_Business/Forecasting_your_businessCC BY-SA 3.0 http://en.wikibooks.org/wiki/Sustainable_Business/Forecasting_your_business Wikipedia. "taxable income." CC BY-SA 3.0 http://en.wikipedia.org/wiki/taxable%20incomeCC BY-SA 3.0http://en.wikipedia.org/wiki/taxable%20income Wikipedia. "Forecasting." CC BY-SA 3.0 http://en.wikipedia.org/wiki/Forecasting#Applications_of_forecastingCC BY-SA 3.0http://en.wikipedia.org/wiki/Forecasting#Applications_of_forecasting Wikipedia. "Longitudinal study." CC BY-SA 3.0 http://en.wikipedia.org/wiki/Longitudinal_studyCC BY-SA 3.0http://en.wikipedia.org/wiki/Longitudinal_study Wikipedia. "Time series." CC BY-SA 3.0 http://en.wikipedia.org/wiki/Time_seriesCC BY-SA 3.0http://en.wikipedia.org/wiki/Time_series Wikipedia. "Forecasting." CC BY-SA 3.0 http://en.wikipedia.org/wiki/Forecasting#Applications_of_forecastingCC BY-SA 3.0http://en.wikipedia.org/wiki/Forecasting#Applications_of_forecasting Wikipedia. "Cross-sectional data." CC BY-SA 3.0 http://en.wikipedia.org/wiki/Cross-sectional_dataCC BY-SA 3.0http://en.wikipedia.org/wiki/Cross-sectional_data Wikipedia. "Financial forecast." CC BY-SA 3.0 http://en.wikipedia.org/wiki/Financial_forecastCC BY-SA 3.0http://en.wikipedia.org/wiki/Financial_forecast Wikipedia. "Financial modeling." CC BY-SA 3.0 http://en.wikipedia.org/wiki/Financial_modelingCC BY-SA 3.0http://en.wikipedia.org/wiki/Financial_modeling Wikipedia. "Dow Jones index." CC BY-SA 3.0 http://en.wikipedia.org/wiki/Dow%20Jones%20indexCC BY-SA 3.0http://en.wikipedia.org/wiki/Dow%20Jones%20index Wikipedia. "Nonprobability sampling." CC BY-SA 3.0 http://en.wikipedia.org/wiki/Nonprobability_samplingCC BY-SA 3.0http://en.wikipedia.org/wiki/Nonprobability_sampling Wikipedia. "Nonprobability sampling." CC BY-SA 3.0 http://en.wikipedia.org/wiki/Nonprobability_samplingCC BY-SA 3.0http://en.wikipedia.org/wiki/Nonprobability_sampling Free to share, print, make copies and changes. Get yours at www.boundless.com Forecasting Financial Statements