Financial Planning and Analysis: controlling and setting budgets Training Course

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Financial Planning and Analysis: controlling and setting budgets www.lpcentre.com www.lpcentre.com
Planning and Analysis: controlling and
budgets Accounting, Finance & Budgeting
Financial
setting

INTRODUCTION

Financial planning and analysis (FP&A) are the budgeting, forecasting, and analytical processes that support an organization's financial health and business strategy. The FP&A discipline combines an in-depth analysis of both operational and financial data to help align business processes and strategies with financial goals and to evaluate progress toward those goals. It relies heavily on statistical analysis to measure and plan business operations and forecast their financial impact, taking into account internal variables but also broader demographic and economic trends, as well as subjective, qualitative evaluation.

This financial analysis course provides an understanding of how financial planning and analysis can be applied by companies to gain a competitive edge in terms of identifying cost patterns, uncovering savings and maintaining cash flow. The key element of the programme is the focus on practical application of financial models and analysis. These are used to assess strategic and operational positions by investigating a wide range of options for reducing cost and thereby creating additional value for companies.

By attending Financial Planning and Analysis: controlling and setting budgets,you will learn how to perform financial analysis, the tools you should use and how to interpret the results. You will also learn about a variety of ways of maximising profit and how current business philosophy adds non-financial goals to this target to achieve a more balanced company and a more fulfilling business environment.

OBJECTIVES

At the end of the 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 behaviour 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 optimisation of profitability

Analyse and report on the financial implications of various operational decisions and recommend a course of action

Financial Planning and Analysis: controlling and setting budgets
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Create and drive business intelligence and planning improvements within an organisation

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

Financial Planning and Analysis: controlling and setting budgets
www.lpcentre.com

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 OUTLINE

Day 1

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
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Day 2
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

Day 3

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

Financial Planning and Analysis: controlling and setting budgets www.lpcentre.com

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

Day 4

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)

Day 5

Overview of the profitability index (PI) and capital rationing

Responsibility accounting and budgetary control systems

Budgeting and budgetary control: The standard costing

Financial Planning and Analysis: controlling and setting budgets www.lpcentre.com

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

IN-HOUSE TRAINING

LPC Training is capable of conducting this training programme exclusively for your delegates. Please e-mail us on admin@lpcentre.com for further information and/or to receive a comprehensive proposal.

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Financial Planning and Analysis: controlling and setting budgets

CONTACT

DOCUMENTATION

High-Quality material has been prepared by the LPC team for distribution to delegates. In addition, a special note pad to facilitate note-taking will be provided.

CERTIFICATES

Accredited Certificate of completion will be issued to those who attend & successfully complete the programme.

SCHEDULE

Our Course timings commence at 09:00 and conclude at 13:00.

REGISTRATION & PAYMENT

Please complete the registration form on the course page & return it to us indicating your preferred mode of payment. For Further Information, please get in touch with us.

CANCELLATION AND REFUND POLICY

Delegates have 14 days from the date of booking to cancel and receive a full refund or transfer to another date free of charge. If less than 14 days notice is given then we will be unable to refund or cancel the booking unless on medical grounds. For more details about the Cancellation and Refund policy, please visit www.lpcentre.com/terms-and-conditions/

TRAVEL AND TRANSPORT

We are committed to picking up and dropping off the participants from the airport to the hotel and back.

LONDON

Oxford Street Offices:

London - Oxford Street 25 N Row, London W1K 6DJ

+44 (0) 20 36 916 970

West London Office: 47 49 Park Royal Road London NW10 7LQ

+44 (0) 20 80 900 464

info@lpcentre.com

DUBAI Business Bay - Marasi Drive

Churchill Tower commercial 1, Office 107 +971 4 421 4616

KUALA LUMPUR

No. 03-06-05, UOA Business Park, Jalan Pengaturcara U1/51A, Section U1, Kawasan Perindustrian Temasaya, 40150 Shah Alam, Selangor +60 19-305 5694

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INFO
Financial Planning and Analysis: controlling and setting budgets

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