DCF offered its first Financial Planning and Forecasting seminar for 2023 via Zoom on the 13th, 20th, and 27th of May 2023. The seminar was attended by forty-six (46) participants.

On the first day, Dr. Arthur Cayanan gave the participants an overview of the financial planning and forecasting process. Participants learned some methods in determining top-level factors such as macroeconomic and industry variables and how to incorporate such variables in forecasting. Using listed Philippine corporations as examples, the various impacts of financial planning on forecasting was also discussed.

On the second day, participants learned the use of financial statement analysis in drawing forecasting assumptions. Various financial statement analysis techniques such as common-size analysis, trend analysis, and financial ratios were applied to actual financial statements of a listed Philippine corporation. Illustrative examples were also used to discuss additional tools in financial planning and forecasting such as financial statement method and cash budgeting. The session was facilitated by Mr. Kevin Dela Cruz.

Day three provided an avenue for a comprehensive application of all previously discussed theoretical concepts during the past two sessions. Mr. Lester Aratea began with an in-depth discussion of the sales forecast, the most important projection in financial planning. Participants were further equipped with various approaches in developing reasonable assumptions for financial forecasts. The seminar culminated with participants preparing a five-year projected financial model of a listed Philippine corporation.

The following are feedback from some participants about the 3-day seminar:

“I think the speaker was able to properly manage the discussion, adequately answer the questions, and ensure that we can cover the topics on time. I appreciate the illustrative examples, particularly on the financial and non-financial measures in evaluating the company’s performance.”

“I found the lecture very informative. I never thought that to do planning and analysis, macroeconomics is very critical. The speaker is very knowledgeable about the topic. Also, I found it fascinating to hear the discussion between the participants and the speaker. Looking forward to the next session.”

“The whole lecture is well-explained. The lecturer is also knowledgeable on the topic. I also commend using Jollibee as an example as it is a relatable company.”

“Effective teaching – step by step and very clear instructions and referencing since we worked on multiple sheets that we had to switch from, from time to time. Entertains questions and explains adequately. Learned a lot. Thank you!”

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