Course description
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 Dayscourse 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.
Upcoming start dates
Upcoming start dates
Suitability - 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
Outcome / Qualification etc.
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
Training Course Content
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
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 economicModeling
How does financial and economic modelling work in real business?
What results can a company achieve using financial and economic modelling?
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?
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
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
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London Premier Centre
London Premier Centre is a UK leading training provider based in London and specialises in international short courses. Our inspiring, comprehensive portfolio of more than 400 professional development courses and seminars covers a wide range of professions from Administration, Leadership,...