Course Details
Course Outline
5 days course
Strategic Planning
- Why strategy comes before the budget.
- The process of strategic planning.
- Building up a strategic plan.
- Strategic planning tools.
- Where are we now, and where do we want to be?
- Linking the budget with the strategy.
Forecasting
- What is forecasting?
- Strategic role of forecasting.
- The forecasting processes.
- Forecasting demand.
- Sales forecasting using various methods in Excel©.
- Qualitative and Quantitative forecasting methods.
Budgeting
- What is a budget.
- Budgeting and the Management Process.
- Budgeting framework.
- How to evaluate budgeting software.
- Budget preparation.
- Building the master budget.
Using a budget as a management tool
- Linking strategic planning, forecasting budgeting and reporting.
- Budget cost behaviour.
- Budget cost, volume, profit (CVP) and break-even analysis.
- Sensitivity & What-If Analysis.
- Budgetary Control.
- Variance Analysis.
Capital Budgeting (CAPEX)
- Capital budgeting principles.
- Raising finance.
- Weighted Average Cost of Capital (WACC).
- Methods of Evaluating Capital Investment Projects.
- Comparing different projects and their returns.
- Capital Rationing.
