Financial Planning and Analysis: controlling and setting budgets
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Financial Planning and Analysis: controlling and setting budgets Course
Introduction:
Financial planning and analysis (FP&A) encompass the budgeting, forecasting, and analytical processes that support an organization's financial well-being and strategic direction. This discipline combines an in-depth analysis of operational and financial data to align business processes and strategies with financial objectives. It involves leveraging statistical analysis to measure and plan business operations, forecast financial implications, and consider internal factors, as well as broader demographic and economic trends, along with subjective qualitative evaluations.
This financial analysis course offers insights into how companies can apply financial planning and analysis to gain a competitive advantage. It focuses on identifying cost patterns, uncovering savings, and maintaining cash flow.
The program emphasizes the practical application of financial models and analysis. Participants will explore various options for cost reduction and value creation, enabling them to assess both strategic and operational positions.
By attending the Financial Planning and Analysis: Controlling and Setting Budgets course, you will gain the skills to conduct financial analysis, utilize appropriate tools, and interpret the results. You will also learn different approaches to maximizing profit and how the current business philosophy integrates non-financial goals, promoting a more balanced company and a fulfilling business environment.
Course Objectives:
At the end of this 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 behavior 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 optimization of profitability
- Analyze 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 organization
- 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
Who Should Attend?
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.
Course Outlines:
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