Course description
The frustrations that executives feel with planning, budgeting and forecasting often leads to a loss of perspective. Executives forget the purpose of planning, budgeting and forecasting. They lose sight of why they plan, what a forecast is for and what they want to achieve in their day-to-day enterprise performance management. Most importantly they lose sight of the metrics that they should be monitoring and managing.
So if companies intend to succeeded within today’s turbulent markets, their Business Plans must be look at carefully and constantly integrated with Budgeting, Forecasting and Cost Analysis.
This training course will provide with the necessary skills to build world class standards into your planning, budgeting, performance measurement and reporting system. By combining techniques analysis, problems and examples with case studies
Upcoming start dates
Upcoming start dates
Suitability - Who should attend?
This Integrating Budgeting, Forecasting and Business Planning Training Course ideal for:
- Accountants responsible for budget preparation and management reporting
- Process professionals who require a more in-dept understanding of integrated planning and budgeting techniques
- Financial Planners and Cost Analysts
- Line heads with direct planning and budgeting responsibility
- Professional advisers
- Account Personnel and Business Consultants
Outcome / Qualification etc.
At the end of this Integrating Budgeting, Forecasting and Business Planning Training Course the participants will be able to:
- Build integrated planning, budgeting and reporting process
- Improve their budgeting/financial skills required for better decision-making
- Understand costs behavior more accurately
- Deliver more timely and useful information to decision-makers
- Explain typical costing and budgeting terminology used in business
- Improve their management abilities
- Increase their understanding of forecasting and budgeting techniques
- Understand the problems of overheads and how Activity-Based Analysis may aid decision-making and pricing strategies
- Contribute to the implementation of change in the organization
- Facilitate the elimination of non-value activities and the reduction of costs within your organization
- Understand cost behavior and patterns
- Ensure that processes of business planning, budgeting, and management reporting are robust in themselves and suitable for their organization
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
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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,...