Financial ForecastingDate: Thursday, October 28, 2021
Time: 11:00 AM ET / 10:00 AM CT / 09:00 AM MT / 08:00 AM PT [Prevailing Time]
Presenter(s): Lawrence G. Andrews, MBA CTP Vice President, Corporate Services, Rappahannock Electric Cooperative; Pat Kanda, Finance Manager, Grand Valley Power
Moderator(s): Bill Erlenbush, CPA, NSAC Director of Education
-Identify key information required to prepare a financial forecast.
-Identify possible tools (software) to use in preparing a financial forecast.
-Identify validation steps for a financial forecast.
Field of Study: Finance
Program Level: Basic
CPE Credit: 1 Credit Hour
Delivery Method: Group Internet-based
No advanced preparation or prerequisites are required for this course.
Is your cooperative forward looking? Is it preparing financial forecasts? Learn how to grow your business and establish attainable, data-driven goals by attending our upcoming CLN! Financial forecasting is essential to any business’s long term success, because it gives insight into future performance based on current and past business decisions, market trends, and critical analysis. In this session, attendees will explore the value of financial forecasting, what tools and information are required to prepare one, and when it is beneficial to use one. Learn what decisions are profitable and which ones aren’t, how to create accurate budgets, and what steps you need to take to establish a clear direction .
Presenter and Moderator Bios
Lawrence G. Andrews is the Vice President of Corporate Services for Rappahannock Electric Cooperative (REC). Prior to his current position, Andrews served as Manager of Administrative Services for 4 years. Prior to that, he served as Director of Finance & Accounting for 6 years. Prior to that, he was REC’s Treasury and Financial Services Specialist for over 8 years. He spent three years prior to being hired by REC as a coordinator of contracts and budgets for Intellisource, an information technology company that supported REC. Andrews gained valuable financial experience during the ten years prior to Intellisource by working in the savings and loan industry. Andrews holds a bachelor of science in business management from Virginia Tech. He earned his master of business administration from the University of Mary Washington in May 2011. He graduated from the Virginia Bankers Association School of Bank Management as an honor graduate in 1995. Andrews is a certified treasury professional (CTP) as designated by the Association of Financial Professionals. Andrews also serves on the National Society of Accountants for Cooperatives’ Electric Cooperative Chapter Board. He is a competent communicator (CC) with Toastmasters International. Andrews lives in Locust Grove, Virginia, with his wife Kim. They have three grown children. In his spare time, Andrews enjoys golf, pickleball, and traveling with his wife.
Pat Kanda has a Bachelor of Science Degree in Accounting and graduated Mesa State College in May of 1979. He is the Finance manager for Grand Valley Power in Grand Junction, Colorado and has held the position for 2 years. He is also a math tutor and substitute teacher in Mathematics at a local high school.
Bill Erlenbush spent his entire career working in cooperative accounting at GROWMARK. His work experience includes all aspects of order control and billing, accounts receivable/payable, financial accounting, and tax. As compliance officer, he had responsibility for the administration of the compliance and ethics program at GROWMARK and its subsidiaries and retail divisions. In addition, he was been involved in negotiating major acquisitions for GROWMARK. His educational background includes a Bachelor of Science degree in Accountancy from the University of Illinois and an MBA from Illinois State University. He is a Certified Public Accountant. Bill is an active member in many industry, professional, and community organizations. He is past president of the Mclean County United Way Board of Directors as well as the past president of the Heartland Community College Foundation Board of Directors.
Free for NSAC Members / $56.00 for Non-Members
- All programs are delivered using the Zoom platform.
- Confirmations will include log-in instructions.
- Participants are able to participate using any device with an Internet connect (if the device does not have speakers, the participant can also dial-in) or they can participate with audio only by dialing in.
- All registrants will receive a link to the CLN’s recording by email within 48 business hours of event’s conclusion.
- There will be assistance available to help with technical and connectivity issues up to 10 minutes prior to the start of the presentation.
All registration is done on-line and each guest must provide their name and email address to participate. All NSAC members may register for free. Non-members may register for a nominal fee.
NSAC will not issue refunds for CLNs. If a registrant is unable to participate in the CLN and provides notification to firstname.lastname@example.org 48 hours prior to the session, a credit will be provided for a future CLN. Alert the NSAC staff member monitoring the CLN if technical difficulties are encountered and technical support will be provided to eliminate problems with future CLNs.
Live participation is required for CPE credit and polling questions must be answered to document your active participation. All registrants will receive an email following the session with links to the slides and/or handouts, and a link to the CLN recording (unless otherwise stated). If you are unable to participate in the live session, you can still watch the recorded session, but you will not be eligible for CPE credits. Those eligible for credits will receive their certificate by email with 7 business days.
For more information regarding NSAC CLNs or administrative policies such as complaint and refund, contact the NSAC Headquarters, 7946 Clyo Road, Suite A, Centerville, OH 45459, 937-222-6707, or email@example.com.