Course Details

Financial planning and analysis (FP&A) are the budgeting, forecasting, and analytical processes that support an organization's financial health and business strategy. The FP&A discipline combines an in-depth analysis of both operational and financial data to help align business processes and strategies with financial goals and to evaluate progress toward those goals. It relies heavily on statistical analysis to measure and plan business operations and forecast their financial impact, taking into account internal variables but also broader demographic and economic trends, as well as subjective, qualitative evaluation.

This financial analysis course provides an understanding of how financial planning and analysis can be applied by companies to gain a competitive edge in terms of identifying cost patterns, uncovering savings and maintaining cash flow.

The key element of the programme is the focus on practical application of financial models and analysis. These are used to assess strategic and operational positions by investigating a wide range of options for reducing cost and thereby creating additional value for companies.

By attending Financial Planning and Analysis: controlling and setting budgets,you will learn how to perform financial analysis, the tools you should use and how to interpret the results. You will also learn about a variety of ways of maximising profit and how current business philosophy adds non-financial goals to this target to achieve a more balanced company and a more fulfilling business environment.

At the end of the Financial Planning and Analysis: controlling and setting budgets, you will be able to :

Undertake financial analysis training in order to apply financial models and analytical tools
acquire the knowledge about budgeting and costing terminologies used in businesses
Acknowledge strategic budgeting and planning
Acknowledge the significance of a well-defined budgeting and costing process
Acknowledge the cost behaviour more efficiently and accurately
Acquire the knowledge to build a performance measurement system at a comprehensive level
Associate operations and finance for strategy execution and budgeting purposes
Provide recommendations to support strategic initiatives such as productivity increases, risk mitigation, and the optimisation of profitability
Analyse and report on the financial implications of various operational decisions and recommend a course of action
Create and drive business intelligence and planning improvements within an organisation
Identify business performance reporting challenges and priorities
Develop and monitor specific performance indicators, reporting on trends and identifying causes of unexpected variance
Conduct financial modelling, analysis and valuation exercises to support new product development and other ad hoc initiatives

Prepare and present reports to senior management with confidence

Financial Planning and Analysis: controlling and setting budgets, is ideal for:

Those who have worked in finance for some years, and are looking to acquire the specific skills needed to secure a new role or improve their career prospects.
Business professionals who are willing to understand the financial aspects of the strategic decision-making process.

Our courses in Istanbul take place at the following locations :

Once you register for this course, we will subsequently send the invoice and course information, including location, trainer, and other logistics.

Pay Attention, Please! The course location is subject to availability; the course time will be precise one week before the course start date! We may change the course location if there is no availability, and we will let you know about the location change once it happens.

Course Outline

5 days course

Day 1

Day 2

Day 3

Day 4

Day 5

Introduction to Financial Analysis, Planning and Control

Financial Economic Decision-Making: The challenge
Financial/economic analysis practice
Understanding the value-creating company
Shareholder and corporate value
Business: A dynamic perspective
Corporate governance and the agency problem
Description: What information and data to use?
Financial statements: Nature
Financial analysis and decision-making: Context

Business Performance: Performance
Business performance and ratio analysis
Understanding Management’s point of view
Description: Owners’ point of view
Description: Lenders’ point of view
Pyramids of ratios: Ratio as a system
Financial performance analysis: Integration
Introduction to Economic value added (EVA)
Financial distress: Prediction

Financial Requirements: Projection

Financial projections: Inter-relationship
The overview of Operating budgets
Variance analysis and standard costing
Cash budgets and cash forecasts
Understanding Sensitivity analysis
Growth and dynamics of the business system
Description: Operating leverage
Analyzing Financial growth plans
Overview of Financial modelling

Investment Decisions: Analysis
Time-adjusted measures: Application
Internal rate of return (IRR) and net present value (NPV)
Understanding the Strategic perspective
NPV and EVA
Investment analysis: Refinements
Introduction: Equivalent annual cost (EAC)
Introduction: Modified internal rate of return (MIRR)
Understanding Sensitivity analysis, scenario analysis, simulation and NPV break-even
The concept of Dealing with risk and changing circumstances

Business Performance and valuation

The concept of Managing for shareholder value
Description: Shareholder value creation in perspective
Value-based methodologies: Evolution
The concept of Creating value in restructuring and combinations
Understanding Financial strategy in acquisitions
An overview: Business valuation
Description: Business reorganizations and restructuring
Overview of Management buy ins (MBIs) and Management buy outs (MBOs)

Overview of Setting and Controlling Budgets
Introduction to Financial and Strategic Planning
Introduction and overview of management accounting and Financial accounting
Association between budget setting, strategic planning and performance measurement
Introduction to strategic and planning management
Overview of Mission, vision and objectives
Description of the planning process
Overview of External environment analysis, internal resources analysis, PESTEL and SWOT
Shareholder wealth maximization, financial strategy and value creation
Understanding Long-term and short-term financing, financial planning and modelling

Budgeting: Cost Analysis

Costing: Definition
Fixed costs and variable costs: Cost behavior
Understanding cost/volume/profit (CVP) analysis, contribution and break-even models
Overview: Non-traceable and traceable cost allocation
The concept of period costs and product costs
Understanding absorption costing, marginal costing, direct costs and indirect costs
Analysis of Product costing for budgetary control, performance measurement and budget setting
The costing system and activity-based costing (ABC): Refinement

Budgeting: Framework
Budget: Definition
Distinct Types of budgets and Budgeting framework
Understanding the budget process
Forecasting sales, costs and sales pricing: Qualitative and Quantitative techniques
Labour costs and depreciation: Budgeting
Description: The departmental budget
Master budget and the cash forecast/budget: Preparation
Budgeting: The human side and the behavioral aspects

Understanding Capital Budgeting, Activity based budgeting (ABB), Variance analysis and Budgetary control
Budget controlling process in your organization
Introduction to Activity-based budgeting (ABB)
Capital projects budgeting
Understanding Discounted cash flow (DCF) investment appraisal methods of internal rate of return and net present value (NPV)

Overview of the profitability index (PI) and capital rationing

Responsibility accounting and budgetary control systems
Budgeting and budgetary control: The standard costing
The concept of flexed budgets, fixed budgets, variance analysis and the reasons for variances

Broadening Performance Measurement Systems: Beyond budgeting
Integrating continuous improvement into the budget process
Budgeting: Advantages and disadvantages
Ways to improve the budget process in your organisation
Understanding the conflict between the costing system and performance improvement
Description: Performance improvement and lean thinking
Beyond the budget: What’s next?
Associating strategy with performance measurement and budgeting: The balance scorecard
Adapting and developing the balanced scorecard
Summary

Financial Planning and Analysis: controlling and setting budgets

Course Info

Course Details

At the end of the Financial Planning and Analysis: controlling and setting budgets, you will be able to :

Financial Planning and Analysis: controlling and setting budgets, is ideal for:

Course Outline

Introduction to Financial Analysis, Planning and Control

Financial Requirements: Projection

Business Performance and valuation

Budgeting: Cost Analysis

Overview of the profitability index (PI) and capital rationing

Course Video

Financial Planning and Analysis: controlling and setting budgets

Course Info

Course Details

At the end of the Financial Planning and Analysis: controlling and setting budgets, you will be able to :

Financial Planning and Analysis: controlling and setting budgets, is ideal for:

Course Outline

Introduction to Financial Analysis, Planning and Control

Financial Requirements: Projection

Business Performance and valuation

Budgeting: Cost Analysis

Overview of the profitability index (PI) and capital rationing

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