Training Budgeting, Forecasting and the Planning Process

Training Budgeting, Forecasting and the Planning Process

Introduction

This leading-edge seminar explains:

• The key steps in designing and executing effective business strategies
• How to translate strategy in to budget objectives to manage execution
• The most useful forecasting techniques for planning and budgeting
• Best practice in preparing and implementing budgets
• How to use budget variances to monitor and learn about strategy execution
• How the power of Excel can be used in forecasting and budgeting
• Modern approaches to profit and strategic decision making

 Objectives

The objectives of the seminar are to enable delegates to:

• Develop strategic thinking, understand and participate in the strategic management process; help develop their company’s vision and carry out strategic analysis and strategic decision making
• Understand and use strategy maps to convert strategy in to objectives as the basis for preparing and implementing operating budgets
• Understand and use powerful tools for executing and managing strategy including: balanced scorecard, budgets, variance analysis and rolling forecasts
• Develop and use powerful ‘what-if’, and other, forecasts using Excel
• Use advanced costing methods to understand cost behaviour and provide product and customer profit analysis for strategic decision making
• Understand the key principles of financial strategy; determine cost of capital, optimum funding and capital structure; use discounted cash flow (DCF) tools for investment decisions; understand, manage and forecast the key drivers of organisational cash flow

 Training Methodology

 The seminar is in a highly participative workshop format with formal presentations, case studies and interactive worked examples. Relevant examples and case studies are provided to illustrate the application of each of the topics covered, including participative exercises using Excel. Each learning point is reinforced with appropriate practical examples and exercises.

Organisational Impact

 The organisation will gain through:

• Managers using strategic thinking in planning, budgeting and forecasting
• Adopting a strategic forward looking approach in the Finance function
• Knowledge and application of ‘what-if’ forecasts in strategic decision making
• Improved strategic decision-making skills used by delegates
• High quality input and output from organisational budget system
• Greater insight in to drivers of organisational performance
• More effective and productive internal management meetings

 Personal Impact

Delegates will learn to take a strategic approach to budgeting and decision-making. The seminar is particularly valuable for finance professionals who would like to move ‘out of the back-room and in to the front line of high level strategic decision-making.

Delegates will learn to understand and use these powerful modern strategic management and budgeting tools:

• Strategic analysis tools: Porter’s five forces; PESTLE; SWOT; risk analysis
• Strategic themes and strategy maps
• Financial analysis tools: return on investment; profit margin; asset utilisation
• Balanced scorecard
• Activity based costing (ABC) and budgeting (ABB) methods
• Rolling forecasts and ‘what-if’ forecasts
• Discounted cash flow tools for capital investment decisions
  • Strategic and performance management systems
  • Advanced Excel forecasting skills

 Who Should Attend?

 Planning, forecasting and budgeting skills are valuable and, indeed, essential at many relevant positions in an organisation, in particular:

• Financial professionals, finance controllers, key finance team members
• New trainees with finance-related responsibilities
• Managers with a direct responsibility for divisional profit performance
• Managers responsible for relationships with banks and external institutions
• Head office team involved in strategic planning and decision making
• Department heads, process owners, administrative managers involved with budget management, financial and technical professionals, sales and marketing professionals, project professionals, and anyone who needs to understand how to develop their department budgets

Programme Outline

1 – Strategic Planning and Management The 21st century Finance function Creating and delivering value to key stakeholders Planning for success What strategy is Organisational vision and goals Strategic capabilities as the basis of competitive advantage Strategic analysis tools: PESTLE Strategic analysis tools: Five forces analysis Strategic analysis tools: SWOT analysis Approaches to formulating strategy Strategy in action: understanding your business model Strategic implementation and management Balancing key stakeholder objectives Measuring shareholder value Strategic management tools: balanced scorecard Case study: a strategy to balance customer and shareholder objectives

2 – Forecasting Tools and Applications The forecasting process and its applications Basic forecasting techniques Projecting sales revenues Identifying causal influences on sales revenue Time series analysis and forecasting Using trend and seasonal variation for revenue forecasting Using linear regression to forecast costs Understanding and using correlation Dealing with common problems to improve forecasts Pricing strategies Advantages and disadvantages of cost based pricing Pricing based on cost leadership and differentiation Using the Strategy Clock in pricing decisions Product life-cycle and pricing strategies Value based pricing Understanding risk Identifying key business drivers Using ‘what-if’ forecasts to model risk Case study: using Excel to build a ‘what if’ model

3 – Understanding and Planning for Costs Profit as a measure of value Understanding cost behaviour Fixed and variable costs Direct and indirect costs The cost-volume-profit chart Costing and its objectives Traditional approach : absorption costing Traditional approach : standard costing Traditional approach : marginal costing Improving profit – key concepts and common mistakes Activity based costing (ABC) Strategic decision making Strategic capability and avoiding the Spiral of Death How to cut costs strategically Case study: how costing methods affect strategic decision making

4 – Budgeting and the Strategic Management Framework What is a budget? The budget and the strategic management framework Strategic management tools: strategy maps Using strategy maps to translate strategy Using budgets to convert strategy in to operating plans The objectives of budgeting Steps in preparing a budget The master budget Using budgets to manage organisational performance Responsibility accounting and variance analysis Three important types of meeting in performance management People and budgets Motivational aspects and dysfunctional budgeting Criticisms of traditional budget methods Activity based budgeting (ABB) Beyond Budgeting Using rolling forecasts to manage organisational performance Case study: using strategy maps to translate strategy in to budgets

5 – Financial Strategy and Planning Three key decisions in financial strategy and planning The constraints on financial strategy Understanding the key drivers of cash flow Understanding and managing working capital Using Excel to build cash flow forecast models Understanding the time value of money Capital investment decisions and appraisal tools Discounted cash flow (DCF) and net present value (NPV) Considerations in financing the organisation Choosing the right source of finance Calculating cost of equity The dividend decision: whether to pay and how much to pay Calculating cost of debt Calculating the weighted average cost of capital (WACC) Funding strategy: finding the optimum capital structure Case study: using Excel to build a cash flow forecast model

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Kami memberikan alternatif Fasilitas atas Investasi anda dalam Program ini, diantaranya :

1. Sertifikat, Peralatan Training, USB, Souvenir, Lunch, Coffe Break, City Tour
2. Running minimal 2 Orang (Semarang, Jogja, Solo), Running minimal 3 Orang (Bandung, Jakarta), Running 4 Orang diperuntukan untuk daerah (Bali, Lombok, Manado, Balikpapan)
3. Kami menyediakan transportasi antar Jemput dari Stasiun/Bandara ke Tempat Pelatihan(Hotel) bagi perusahaan yang Running minim 2 Orang
4. Harga dilampirkan di Brosur Penawaran

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Tambahan Informasi :

1. Silahkan tanyakan ketersediaan Tanggal dan Waktu dari jadwal training terbaru apabila anda tidak menemukan waktu yang sesuai dengan jadwal anda.

2. Training dapat disesuaikan dengan kebutuhan perusahaan jika dalam bentuk In-House Training. Silahkan baca ketentuan In-House Training diwebsite kami atau hubungi kami di Nomer Mobile untuk mendapatkan Fast Respon.

3. Silahkan mengisi Form Request Training di website kami untuk mendapatkan informasi tambahan yang belum ada, atau jika anda ingin menanyakan usulan materi sesuai kebutuhan perusahaan. Hubungi kami lewat email yang tertera atau Register disini!

4. Apabila telah menerima Silabus Training, Customer dapat Request Waktu Training yang diinginkan.

5. Informasi dan Data yang jelas akan memudahkan kami untuk segera merespon permintaan anda.

Customer Dapat Request Tempat, Waktu, serta Fasilitas Training. Silahkan Hubungi kami untuk Menerima Brosur Penawaran.