Financial Management, Planning, Control, and Budgeting

This intensive program is designed to bring together key areas of Financial Management, Planning and Control, Financial Analysis, and Budgeting. The program specifically aims to help business managers and financial professionals plan more effectively, apply financial techniques of planning and control, improve performance through analysis tools, and master budgetary and cost control.

Objectives

Plan more effectively for the future
Use financial techniques of planning and control
Improve performance using tools of financial analysis
Link planning and budgeting with costing and performance measurement
Master the skills of budgetary and cost control

Key Concerns Addressed

Which specific variables, relationships, and trends are likely to be helpful in analyzing problems?
How reliable are available financial data, and how is uncertainty and risk likely to impact on decisions?
In financial analysis, what are the implications and importance of cash flow vs. accounting profit?
What limitations are inherent in financial data and statements, and how do they affect analysis?

Venues & Dates

Dublin: TBD
London: TBD
Dubai: TBD
Edmonton (CAN): TBD
Lagos/Abuja: TBD

Cost: $3,900 per participant (USD) (=N=)

For Whom

Finance Managers & Accountants in treasury functions
Officers responsible for cash management
Financial Analysis and Budgeting Managers and Supervisors

Snapshot of Course Content

Module I: Financial Analysis, Planning, and Control

Financial Economic Decision-Making: corporate/shareholder value, competitor analysis, governance, nature of financial statements
Assessment of Business Performance: ratio analysis, perspectives of management/owners/lenders, DuPont system, EVA, predicting financial distress
Projection of Financial Requirements: budgets, costing, cash forecasts, sensitivity analysis, operating leverage, growth plans, modeling
Analysis of Investment Decisions: NPV, IRR, EVA, MIRR, scenario/sensitivity analysis, risk, valuation refinements
Valuation and Business Performance: shareholder value creation, methodologies, acquisitions, business restructuring, MBOs/MBIs

Module II: Setting and Controlling Budgets

Strategic and Financial Planning: strategy-budget-cost linkages, SWOT/PESTEL, drivers of value creation, mission & goals
The Framework for Budgeting: definitions, processes, top-down vs. bottom-up, incremental vs. zero-based budgeting
Cost Analysis for Budgeting: cost behavior, breakeven models, contribution margin, ABC vs. traditional costing
Budgeting Case Study: static vs. flexible budgets, variance analysis, continuous improvement, exercises
Beyond Budgeting: balanced scorecard, linking strategy to performance measurement, perspectives & case study