Financial Planning and Analysis: controlling and setting budgets

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