Budgeting, Forecasting, Business Planning and Economic Modelling
Select Other "city & date"
Budgeting, Forecasting, Business Planning and Economic Modelling Course
Introduction:
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-day course will concentrate on imparting to delegates how to learn the concepts, processes, and techniques of budgeting and business planning to be better able to carry out their budgeting and business planning tasks and responsibilities.
Course Objectives:
At the end of this 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.
- Analyze cashflows to improve product/service profitability.
- Develop your pitch to the bank and/or other investors to secure additional finance.
- Describe the structure of a business plan and how it caters to market and organizational needs
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
Course Outlines:
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
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
Analyzing 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
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
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, and ARR Payback model
Financial and economic modelling economic Modeling
- 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?
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?
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?
Assessment of the investment attractiveness of public companies
- How to read financial statements correctly in the example of Apple Inc.?
