INTRODUCTION
Budgeting, planning and forecasting (BP&F) is a three-step strategic planning process for determining and detailing an organization's long- and short-term financial goals. Proper BP&F strategy is beneficial to organizations by producing competitive advantages such as more accurate financial reporting and analytics, higher overall revenue growth and increased predictive value.
Budgeting, planning and forecasting (BP&F) is a three-step strategic planning process for determining and detailing an organization's long- and short-term financial goals. Proper BP&F strategy is beneficial to organizations by producing competitive advantages such as more accurate financial reporting and analytics, higher overall revenue growth and increased predictive value.
Budgeting, Forecasting, Business Planning and Economic Modelling training course will provide not only the theoretical background but also the necessary skills to build world class standards into your planning, budgeting, performance measurement and reporting system.
This 10 Days course will concentrate on imparting to delegates how to learn the concepts, processes, and techniques of budgeting and business planning in order to be better able to carry out their budgeting and business planning tasks and responsibilities.
OBJECTIVES
At the end of the Budgeting, Forecasting, Business Planning and Economic Modelling, you will be able to :
Develop the basics of strategic financial planning
Apply the latest financial analysis techniques
Use the tools of finance, such as the time value of money
Calculate accurate budget forecasts for the business and individual business units. Produce management accounts.
Manage succession in the business and significant exits.
Plan for future acquisitions and disposals.
Develop the financial, management and forecast information that will enable you to develop a robust business plan.
Develop key performance indicators both financial and non-financial to help you to improve business, department and individual employee performance.
Analyse cashflows to improve product/service profitability.
Develop your pitch to the bank and/or other investors in order to secure additional finance.
Describe the structure of a business plan and how it caters to market and organizational needs
WHO SHOULD ATTEND ?
Budgeting, Forecasting, Business Planning and Economic Modelling training course, is ideal for :
Financial Accounting Team Members
Cost and Management Accounting Staff
Finance Managers
Planning Managers
Commercial Managers
Capital Investment and Project Team Members
COURSE OUTLINE
Day 1
Budgets and Strategy in Today s International Environment
Organizational planning framework
The product / information / decision support cycle
Strategic, tactical and operational forecasts
The strategic approach to business planning
Various strategic and tactical approaches to business planning
The international business environment
Day 2
The Business Plan and Budget Development
Developing the business plan
Identification of key value drivers
Achieving objectives
Zero base budgeting
Activity based budgeting
Developing the Cash Budget
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Day 3
Analysing the Applicability of Historical Data Using Excel
Problems of forecasting
Using historical data to help predict the future Forecasting
Development of Time Series Models
Using Regression Analysis as a predictor and estimator
Mastering the use of Exponential Smoothing as a Data Analysis tool
Day 4
Using Activity-Based Budgeting and Cost Analysis Techniques
Cost behaviour and breakeven analysis
Activity-based costing
Budgeting for Processes rather than Departments
Defining Key Cost Drivers
Defining Key Activities
Developing the Activity-Based Budget
Day 5
Capital Budgeting and Project Appraisal
Identify the various types of capital projects
Discuss the capital project evaluation process
The impact time has on the value of money
Using WACC and ROIC as benchmarks
Development of the "Hurdle Rate" for capital projects
Evaluate capital projects by applying NPV, IRR, ARR Payback model
Day 6
Financial and economic modelling economic Modeling
How does financial and economic modelling work in real business?
What results can a company achieve using financial and economic modelling?
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What is the role of a Financial Analyst in building an optimal business model?
Day 7
Investments
What are Investments carried out by a business?
What are the indicators that assess the degree of investment attractiveness?
How to make the right decision regarding the real attractiveness investments?
What is the role of a financial analyst in making investment decisions?
Day 8
Financial and economic modelling and Investments as one whole
Why it is so important to build a business that is attractive to investors?
How to increase business capitalization?
What is the role of a financial analyst in the growth of capitalization?
Assessment of the investment attractiveness of public companies
How to read financial statements correctly in the example of Apple inc.?
Financial analysis of Apple inc. Investment potential of Apple inc...
Day 9
Business Plan Components
Commence with objectives, scope, statement of the problem or remit Executive Summary
Report Body
Conclusions
Recommendations
Supporting papers
What order is best for the above
Business Plan Contents
Does it focus properly on the recipient
What is the style, experience, purpose and expectation
What is the report s objective is it clear
What are the readers expected knowledge, intentions, seniority
What is the report meant to achieve
Are there any sensitivities
What is expected of you as the reader
Day 10
Implementing the Plan
What Balanced scorecard will be used
Is it tried and tested and fit for purpose
Change management capabilities
Key drivers
Key responsibilities
KRI s & KPI s
How will success be measured
What will the early warning signs be
Who will have strategic control and oversight responsibility
What MI or data will be made available to enable stakeholders to review progress
DOCUMENTATION
LONDON
Oxford Street Offices:
London - Oxford Street
High-Quality material has been prepared by the LPC team for distribution to delegates. In addition, a special note pad to facilitate note-taking will be provided.
25 N Row, London W1K 6DJ
+44 (0) 20 36 916 970
CERTIFICATES
West London Office: 47 49 Park Royal Road
London NW10 7LQ
Accredited Certificate of completion will be issued to those who attend & successfully complete the programme.
SCHEDULE
Our Course timings commence at 09:00 and conclude at 13:00.
REGISTRATION & PAYMENT
+44 (0) 20 80 900 464
info@lpcentre.com
DUBAI Business Bay - Marasi Drive
Churchill Tower commercial 1, Office 107
+971 4 421 4616
Please complete the registration form on the course page & return it to us indicating your preferred mode of payment. For Further Information, please get in touch with us.
KUALA LUMPUR
CANCELLATION AND REFUND POLICY
Delegates have 14 days from the date of booking to cancel and receive a full refund or transfer to another date free of charge. If less than 14 days notice is given then we will be unable to refund or cancel the booking unless on medical grounds.
For more details about the Cancellation and Refund policy, please visit www.lpcentre.com/terms-and-conditions/
TRAVEL AND TRANSPORT
No. 03-06-05, UOA Business Park, Jalan Pengaturcara U1/51A, Section U1, Kawasan Perindustrian Temasaya, 40150 Shah Alam, Selangor +60 19-305 5694
We are committed to picking up and dropping off the participants from the airport to the hotel and back.
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