Course Details
Course Outline
5 days course
Budgeting and Planning
- The Budget and the Functions of Management.
- Budget as a Planning Tool.
- Budgets and the Key Financial Statements.
- Top-Down versus Bottom-Up Process.
Budget Cycle, Process and Approaches
- The Budget Cycle
- The Characteristics of Successful Budgeting.
- Making the Budget a Value-Adding Activity.
- Top Ten Problems with Budgeting.
- Choosing the Proper Budgeting Approach:
- Incremental Budgeting.
- Zero-Based Budgeting.
- Flexible Budgeting.
- Kaizen Budgeting.
- Activity-Based Budgeting.
- Rolling (Continuous) Budgets and Forecasts.
- The Master Budget and its Components.
- Operating and Capital Budgets.
- Best Practices in Budgeting.
- Creating a User-Friendly Template.
Forecasting Techniques
- Forecasting Models.
- Qualitative and Quantitative Methods.
- Steps in Developing Forecast Models.
- Time Series and Trend Analysis.
- Data Conditioning Techniques.
- Exponential Smoothing and Moving Averages.
- Simple and Multiple Regression Analysis.
Advanced Capital Budgeting Evaluation Techniques
- Business Risk and Cost of Capital.
- Classifying Investment Projects.
- Cash Flow Estimation.
- Analysing Investment and Operating Cash Flows.
- Time Value of Money Concept.
- The Required Rate of Return.
- Net Present Value (NPV).
- Internal Rate of Return (IRR).
- Multiple Internal Rates of Return.
- Modified Internal Rate of Return (MIRR).
- Profitability Index (PI).
- Pay-Back Period and Discounted Pay-Back Period.
- Capital Rationing.
- Comparing and Evaluating Techniques.
- Sensitivity and Risk Analysis.
Breakeven Analysis and Optimization Techniques
- Cost-Volume-Profit (CVP) Analysis.
- Using CVP to Reach a Target Income.
- Single Product and Multiple Products Breakeven Analysis.
- Working with Budget Constraints.
- Building Optimization Models.
