* All fees are exclusive of vat
** PREMIUM - Customize your learning experience
This training course provides an overview of the essential tools and the skills to build world-class standards into your planning, budgeting, performance measurement & reporting system, looking at new and best practice techniques, explain how they complement the traditional financial planning tools, and introducing new concepts for measuring and reporting performance to enhance shareholder wealth creation or provide value for money for Stakeholders.
What Do Participants Learn?
Implementation of advanced planning
Implementation of control techniques into your budgeting process
integration of the budgeting process with the company’s strategic vision
Creation of decision support structure for decision makers.
Successfully build integrated planning, budgeting and reporting process
Forecasting costs and revenues.
Apply management tools to the budgeting process that contribute to strategic goals
Effectively manage the budgeting process
Identify key performance indicators for effective and focused decision making
Increase profitability and performance through streamlined planning and reporting
Who Should Attend?
All professionals responsible for budget preparation and management reporting
Who require a more understanding of integrated planning and budgeting techniques,
Who wants to understand more about Financial planning and cost analysis
Anyone with direct planning and budgeting responsibility,
Managers, budget holders, advisors, accountants and business consultants.
What Will the Learning Experience Include?
Comprehensive pre-program activities include:
Web-based information forms & surveys completed by attendee.
Direct consultation with the attendee about the expectations.
During the training, participants engage in data, activities, and conversations that lead to insight and knowledge.
Participants learn from expert trainers who have both academic and business experiences.
Highly applicable training content & instructive activities for adding depth to training topics.
**A half-day site visit for integrating the experience & plan next steps. Opportunities to provide connections, ideas & support.
Explore & Practice
Apply & sustain the learning experience by using this ongoing support:
To ensure participant has new skills or behavior progress.
Optional, fee-based mentoring & coaching with the trainer.
Training materials & additional documents (e-books, pdf files, presentations and articles)
Evaluate your training experience by giving us feedbacks and help us to reach our organizational goals.
Section One: Budgets in Today’s International environment
Organizational Planning and Control Framework
The Product / Information / Decision Support Cycle
Strategic, Tactical, and Operational Forecasts
The recognition of risk in Models
Using Budget Models for Simulation Purposes
The Drive toward Shareholder Value (EVA®)
The Strategic Plan
The purpose of planning and budgeting in business
Defining the strategic approach to business planning
Defining strategic assumptions
Building the strategic planning model using financial data
Various strategic and tactical approaches to business planning
Defining the Decision-Support model: Assumptions/Goals and Key Success Factors
Section Two: Analysing the Historical Data Using Excel
Recognizing the Basic Patterns Inherent in Historical Data
Using the Exploratory Data Analysis Tools Available in Excel®
Development of Time Series Models using histograms, moving averages, exponential smoothing, and regression analysis
Using Regression Analysis as a predictor and estimator
Mastering the use of Exponential Smoothing as a Data Analysis tool
Single Regression vs. Multiple Regression
Validation of Time Series Analysis
Section Three: Approaches to Budget Development
Types of Budgets
Zero Base Budgeting
Operational Unit Budgeting
Developing the Cash Budget
Using Activity-based Budgeting
Developing the ABB application model
Budgeting for Processes rather than Departments
Defining Key Cost Drivers
Defining Key Activities
Development of ABB Cost Standards
Developing the Activity-Based Budget
Section Four: Strategic and Operational Cost Analysis Techniques
Identifying fixed, variable and semi-variable costs
Application of Regression in the development of budgets
Building the financial simulation model using articulated financial statements
Building the financial simulation model using simulation
Developing Manufacturing Standards
Material Standard Development
Labour Standard Development
Factory and Corporate Overhead Standard Development
Section Five: Defining and Testing Optimisation Techniques in Models Using Excel
Basic Structure of All Optimisation Models
Different Forms and Applications of Optimization Models
Developing a Financial Optimisation Model
Performing Sensitivity Analysis of an Optimisation Model
Interpreting the Solution of an Optimisation Model to a Non-technical Manager