Budgeting, planning and forecasting (BP&F) is a three-step strategic planning process for determining and detailing an organization's long- and short-term financial goals. Proper BP&F strategy is beneficial to organizations by producing competitive advantages such as more accurate financial reporting and analytics, higher overall revenue growth and increased predictive value.
Budgeting, planning and forecasting (BP&F) is a three-step strategic planning process for determining and detailing an organization's long- and short-term financial goals. Proper BP&F strategy is beneficial to organizations by producing competitive advantages such as more accurate financial reporting and analytics, higher overall revenue growth and increased predictive value.
Budgeting, Forecasting, Business Planning and Economic Modelling training course will provide not only the theoretical background but also the necessary skills to build world class standards into your planning, budgeting, performance measurement and reporting system.
This 10 Days course will concentrate on imparting to delegates how to learn the concepts, processes, and techniques of budgeting and business planning in order to be better able to carry out their budgeting and business planning tasks and responsibilities.
At the end of the Budgeting, Forecasting, Business Planning and Economic Modelling, you will be able to :
- Develop the basics of strategic financial planning
- Apply the latest financial analysis techniques
- Use the tools of finance, such as the time value of money
- Calculate accurate budget forecasts for the business and individual business units.
- Produce management accounts.
- Manage succession in the business and significant exits.
- Plan for future acquisitions and disposals.
- Develop the financial, management and forecast information that will enable you to develop a robust business plan.
- Develop key performance indicators – both financial and non-financial – to help you to improve business, department and individual employee performance.
- Analyse cashflows to improve product/service profitability.
- Develop your pitch to the bank and/or other investors in order to secure additional finance.
- Describe the structure of a business plan and how it caters to market and organizational needs
Budgeting, Forecasting, Business Planning and Economic Modelling training course, is ideal for :
- Financial Accounting Team Members
- Cost and Management Accounting Staff
- Finance Managers
- Planning Managers
- Commercial Managers
- Capital Investment and Project Team Members