The Complete Course for Financial Expert: Financial and Budgeting Planning
Course Schedule
The Complete Course for Financial Expert: Financial and Budgeting Planning
Financial analysis, planning and controlling budgets is targeted
towards finding meaningful answers to the significant questions relating to the
financial management of companies and determining whether or not the results
are fully quantifiable.
This program presents the key
financial tools and explains the broader context of how and where they are
applied to obtain meaningful answers. It provides a conceptual backdrop both to
the financial/economic dimensions of systematic business management and to understanding
the nature of financial statements, analyzing data, planning and controlling.
This highly interactive course
offers a theoretical background and also the practical tools and techniques
necessary for the development of budgeting systems and their related functions.
It will also provide opportunity for delegates to focus on developing and
enhancing their knowledge and practical application of all the concepts,
processes, and techniques involved in budgeting for optimal performance.
This course will assist individuals at every level in the organisation in their involvement in the budget process. Being ‘user-friendly’, it provides the practical skills for delegates to take back to their jobs, along with insights needed to adapt principles to specific work environments.
This course will feature:
- Strategic
planning
- The
budgeting planning process
- Forecasting
techniques
- What
if analysis and report generation
- Capital
budgeting
By the end of the program, participants will be able to:
- What
is the exact nature and scope of the issue to be analyzed?
- Which
specific variables, relationships and trends are likely to be helpful in
analyzing the issue?
- Are
there possible ways to obtain a quick ballpark estimate of the likely
result, and how precise an answer is necessary in relation to the
importance of the issue itself?
- How
reliable are the available data, and how is this uncertainty likely to
affect the range of results?
- Should
cash flow or accounting profit be used to evaluate the financial
implications of a decision?
- What
limitations are inherent in the tools to be applied and how will these
affect the range of results obtained?
- How
important are qualitative judgments in the context of the issue and what
is the ranking of their significance?
- How
do we interpret the financial impact of strategic decisions?
- How
should we forecast and plan at a business level?
- How
do we distinguish between different cost systems?
- How
do we manage corporate budgeting, variance analyses and the monitoring of
business performance?
- How
do costs behave and how does activity based costing analysis help with an
understanding of the problems of overhead allocation, decision-making and
pricing strategies?
- Develop
the appropriate techniques for effective budgeting as part of the planning
process
- Design
various budgeting models for all elements of a budget
- Explain
the use of activity based budgeting, compared with other budgeting methods
- Develop
and effectively control budgets
- Provide
budgeting knowledge that can be shared for the benefit of your company
The
Challenge of Financial/Economic Decision-making
- The
Practice of Financial/Economic Analysis
- The
Value Creating Company
- A
Dynamic Perspective of Business
- The
Nature of Financial Statements
- The
Context of Financial Analysis
Assessment
of Business Performance
- Ratio
Analysis and Performance
- Management
Point of View
- Owners
Point of View
- Lenders
Point of View
- Ratios
as a System
- Integration
of Financial Performance Analysis
- Some
Special Issues
Projection
of Financial Requirements
- Pro
Forma Financial Statements
- Cash
Budgets
- Operating
Budgets
- Interrelationship
of Financial Projections
- Financial
Modeling
- Sensitivity
Analysis
- Dynamics
and Growth of the Business System
- Leverage
- Financial
Growth Plans
Analysis
of Investment Decisions
- Cash
Flows and the Time Value of Money
- Components
of Analysis
- Methods
of Analysis
- Applying
Time-Adjusted Measures
- Strategic
Perspective
- Decisional
Framework
- Refinements
of Investment Analysis
- Dealing
with Risk and Changing Circumstances
- Cost
of Capital and Business Decisions
- Weighted
Cost of Capital
- Cost
of Capital and Return Standards
Valuation
and Business Performance
- Definitions
of Value
- Value
to the Investor
- Business
Valuation
- Managing
for Shareholder Value
- Shareholder
Value Creation in Perspective
- Evolution
of Value-Based Methodologies
- Creating
Value in Restructuring and Combinations
Strategic
Planning for Setting Budgets
- Understanding
what strategic planning is and why it is important
- Clarify
the difference between vision, mission statement, goals and objectives
- The
external environment: the need to understand the economic cycle
- SWOT
and PESTEL analysis
- Tying
the strategic plan to the budget
Financial
Planning - Elements of Costing and Cost Strategies
- The
nature and behaviour of costs, fixed, variable, semi-variable, direct and
indirect costs
- Standard
and actual costing: the difference
- Understanding
overheads
- Calculating
the variances at a detailed level to give real meaning to them
- Activity
Based Costing
- Absorption
and marginal costing
- Break
even analysis: cost volume profit analysis
Strategic
Planning
- Why
strategy comes before the budget
- The
strategic planning process
- Developing
a strategic plan
- Strategic
planning tools
- Where
are we now, and where do we want to be?
- Linking
the budget with the strategy
Forecasting
- What
is forecasting?
- Strategic
role of forecasting
- The
forecasting process
- Forecasting
demand
- Sales
forecasting using various methods in Excel©
- Qualitative
and Quantitative forecasting methods
Budgeting
- What
is a budget
- Budgeting
and the Management Process
- Budgeting
framework
- How
to evaluate budgeting software
- Budget
preparation
- Building
the master budget
Using
a Budget as a Management Tool
- Linking
strategic planning , forecasting budgeting and reporting
- Budget
cost behaviour
- Budget
cost, volume, profit and break-even analysis
- Sensitivity
& What-If Analysis
- Budgetary
Control
- Variance
Analysis
Capital Budgeting
- Capital
budgeting principles
- Raising
finance
- Weighted
Average Cost of Capital
- Methods
of Evaluating Capital Investment Projects
- Comparing
different projects and their returns
- Capital
Rationing
All
participants will be able to offer their input, based on their individual
experiences and will find that the program provides a forum that gives an
opportunity to consider new ideas and methods and for upgrading and enhancing
their understanding of corporate finance and budgeting best practices.
Sub Code | FA092 |
Start Date | Sun,Apr,17,2022 |
End Date | Thu,Apr,21,2022 |
Duration | 5 Days |
Fee(US$) | 2950 |
Location | Jeddah |
Reminder |