This
Financial Planning, Budgeting, and Projection workshop will allow the participants
to explore and share with other participants new thoughts in the planning,
control, and budgeting cycle, resulting in a renewed energy in returning to the
workplace and implementing a more focused budgeting process, which communicates
useful and timely information to management.
This
course will help you to understand the language and processes of budgeting,
costing and pricing. It is designed for public and private managers who wish to
get the most out of budgets, whether during preparation, review, or end use. This
course provides space for participants to explore and share knowledge about the
planning, control, and budgeting cycle.
Exercising the best practices in budgeting & the strategic role of cost concepts .
Exercising the role of the budget in the management process.
Explaining the concepts of the cost to the use of cost information for management control.
Identifying the importance of strategy and its role in the master budget.
Be familiar with the master budget and explain the interrelationships among its supporting schedule.
Gathering and Interpreting Information
Who uses financial information and why?
The flow of information in a company
The critical functions of management
Challenges in Information Gathering and Interpretation
Aligning the budget with the
strategy of the organization
Strategic Planning Framework
(Road map to strategy)
Budget as a planning tool (Control:
the missing link)
Organizational Structure &
Culture
Stakeholders and Business
Partners
Measuring Organizational
Performance
Sources of Organizational
Information
Industry Attributes
Industry Benchmarks
Industry Uncertainty
Sources of Industry Information
Macroenvironment Forces
Metrics Macroenvironment
Sources of Macroenvironment
Information
This workshop is designed for those who are responsible for financial management, budgeting, and forecasting within their organizations. This may include professionals working in financial planning and analysis (FP&A), accounting, treasury, financial reporting, corporate development, etc.
