Master of Accounting Telkom University together with the Association of Indonesian Consultants (Perkindo) West Java region conducted Business Forecasting Training

Financial forecasting is necessary for good planning for a business entity. Various factors can affect the accuracy of financial forecasting e.g. micro and macro economic conditions. However, in reality, this skill is very minimal because it requires comprehensive skills of business actors in analyzing market conditions. As a result of this problem, businesses are often unable to make long-term and medium-term plans. For a business, long-term and medium-term planning is important to be able to determine short-term strategies so as to optimize available resources.
Master of Accounting cooperates with PERKINDO as a form of implementation of cooperation to carry out assistance in conducting financial experience for companies incorporated in Perkindo. The speaker with the theme “Building Financial Modeling to Perform Financial Projections” was Dr. Leny Suzan, S.E., M.Si., CIFM as the Head of the Telkom University Master of Accounting Study Program, with the team Dr. Teodora Winda Mulia, Ak., CA., CPA, DEWA PUTRA KRISHNA MAHARDIKA ..,CFA, FRM, and 2 accounting master students, the activity which was attended by 21 members discussed 3 things, namely the first forecasting concept in accordance with the time frame of time both short term, medium term and long term, second, using simple applications by considering various factors, so that it can determine financial projections by considering micro and macro economic conditions and third risk preference factors in the decision making process, so that material is given on how to consider individual factors which in theory are referred to as behavioral aspects in decision making cannot be eliminated, only mitigated. The behavioral aspects conveyed are information framing problems, self serving bias, hurdle rates problems, escalation of commitment and fixation behavior. The delivery of material related to this behavioral aspect is delivered by providing an overview of the theories and discussions and followed by role playing investment cases so that all participants understand more easily.
The event, which was closed with a group photo, was followed by a discussion of the real problems faced by these consultants.