Financial Planning, Budgeting and Control

Financial planning, budgeting and control are essential for effective management of modern organization and it leads companies to their mission, vision and goals.  This workshop is designed to enable participants to make corporate financial decisions in an increasingly international marketplace in order to increase profitability, maintain liquidity and reduce financial risk.

CONTENT:

Corporate Financial Planning

· Strategic Planning

· Preparing a Financial Plan

· Time series analysis, correction and regression

Financing the Plan

· Source of financial – long and short term

· Capital assets pricing model

·Accounting rate of return

· The dividend decision

Preparing and Managing Budgets

· Definition of budgets and budgeting process

· Responsibility accounting and absorption costing

· Activity – based budgeting/costing

· Variance analyses

Managing and Controlling Cash flow

· Cash and profit

· Cash flow ratios

· Working capital

· Working investment ratio

Managing Financial Risk

· Risk management and types of risk

· Identify risk – swot analysis

· Financial risk management

FOR WHOM:

Accountants, Budgets Managers, Planners, Schedulers, Heads of Departments, Financial Managers, Auditors and others who perform related functions in Public and Private Sectors

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.