Course details

Overview ?

Why Choose this Course?

This 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. The course 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.

By combining techniques analysis, problems and examples with real case studies the course provides delegates with key cost awareness and budgetary skills, which is essential in managing and controlling processes/projects in times of increasing global competition where the budgets are inextricably linked with both strategy formulation and cost analysis.

This course will feature:

Budgets and Strategy in Today’s International Environment
The Business Plan and Budget Development
Analysing the Applicability of Historical Data Using Excel®
Using Activity-Based Budgeting and Cost Analysis Techniques
Capital Budgeting and Project Appraisal

What are the goals?

By the end of this course, participants will be able to:

Build an integrated planning, budgeting and reporting process
Understand costs behaviour more accurately
Deliver more timely and useful information to decision makers
Improve you the budgeting/financial skills required for better decision-making
Appreciate the need to link projects within budgets

Who is this course for?

The course is designed for anyone involved in the budget and business planning process within their organisation. Itis equally appropriate for those who manage projects and who wish to have a greater understanding of how budgets, business plans, and projects interlink.

This course is suitable to a wide range of professionals who have budgetary control and are involved in the business planning process, including, but not limited to:

Professionals who require a more in-depth understanding of integrated planning & budgeting techniques
Accountants responsible for budget preparation & management reporting
Financial Planners and Cost Analysts
Line heads with direct planning and budgeting responsibility
Professional advisers, Account Personnel and Business Consultants

How will this be presented?

This course will utilise a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This will include presentations delivered in a highly participative style with discussion, practical exercises and team-based case studies.

The course will provide the practical tools and techniques necessary for the development of budgets, forecasts and business plans. It will provide a real-world practical context by incorporating worked examples, case studies, and Excel© models so that you will see how theory applies in practice and discuss the various issues raised.

The Course Content

Day One : 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 Two : 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 Three : 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 Four : 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 Five : 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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