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 Coventry Academy 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. By combining techniques analysis, problems and examples with case studies, the training course provides delegates with the key concepts and the practical skills that are essential in managing and controlling processes and projects, as well as units and departments, in times of increasing global competition where the budgets are inextricably linked with both strategy formulation and cost tracking.
Quais são os objectivos?
Ao frequentar este curso de formação da Coventry Academy, deverá atingir estes objectivos:
Understand the Integration Among Planning, Budgeting and Costing
Appreciate Cost Behavior and Cost Allocation
Improve Budgeting and Financial Skills to Take Better Decision
Understand Capital Budgeting and Project Appraisal
Design Reports and KPIs for Measuring Performances
A quem se destina este curso de formação?
This Coventry Academy training course is designed for anyone involved in the budget and business planning process within their organization. It is equally appropriate for those who manage projects and who wish to have a greater understanding of how budgets, business plans, and projects interlink.
This training 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
Descrição do curso
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
O certificado
Coventry Academy Certificate of Attendance will be provided to delegates who attend and complete the course