Financial Planning & Budget Control

Transcription

1 Financial Planning & Budget Control RRR R ME Madriid Reiina Viicttoriia Hottell,, Spaiin 08th 18th September 2014 This program will be specially customized to meet the identified personal training needs of participants and help them contribute to their organizational goals

2 Knowledge Seekers UK - Customized Training Course Overview This course will enable delegates to understand and apply appropriate strategic financial management tools, evaluate financial management options and assess and evaluate proposed strategies in the context of management needs and organizational policies. This participative course will cover the principles, techniques and skills involved in effective strategic financial management. This course aims to familiarize delegates with the essential techniques for financial planning and control of modern organizations. Also helps to evaluate and interpret the financial implications of strategies along with identifying appropriate actions for imposing financial performance and evaluating the attainment of financial objectives. Course Aims & Objectives Upon completion of the course, participants will be able to: Gain knowledge of essential skills to enhance their ability to run finance department Identify areas to enhance financial monitoring Identify actions to reduce risk in financial control Manage problems arising from implementing financial strategies Understand the importance of financial planning Create a cash flow management process and develop financial strategy Create inventory management procedures Conduct a risk appraisal and design financial models Training Methodology This dynamic training seminar is highly-interactive and encourages delegate participation through a combination of lectures, group discussion, practical exercise, case studies, and breakout session designed to reinforce new skills. The comprehensive course manual has been designed to be practical, easy to use and facilitate learning. Delegates will gain the skills and motivation they need to create long-lasting change. Who Should Attend? This highly recommended programme is designed for accountants and finance personnel, particularly for those with the responsibility for financial control as: Finance professional, senior management executives, strategic and business development planners and project managers who wish to enhance their skills and help direct the organization towards a leading role in the global environment. All Administrative individuals working in financial management and in charge of developing accounting systems. Heads of financial departments at public & privet sectors. Chartered accountants & accountants responsible of hedge Chief financial officers & senior finance officers Debatable financial topics` researchers

3 Introduction to Financial Strategy Knowledge Seekers UK - Customized Training Course Contents Introduction to Knowledge Seekers UK Pre-course work-book review Complete registration and listing to participants to find out how we meet your needs and achieve your expectations on both personal career and organizational goals levels. (KS, UK customization for financial training) Objectives Planning Financial and Corporate Objectives: Key financial management decisions - Shareholder wealth maximization - Benchmarking - Balanced Scorecard Working Capital Management Cash flow management - inventory management - management of trade receivables and payables cost of working capital - financial modeling Sources of Finance: - Equity: Capital markets - Types of equity - Right issues - Debt: Sources of long-term debt finance - Assessment of creditworthiness- Lease v Buy decision Cash Flow & Investment Decisions Cost of equity: Dividend valuation model Weighted Average Cost of Capital (WACC) Capital asset pricing model & Capital budgeting Risk: its nature and project appraisal Capital investment appraisal and management: Review of Discounted Cash Flow (DCF) Appraisal of overseas projects Present Value and Internal Rate of Return method Profitability Index Valuation Methodologies Including Impact of financing decisions, Capital structure and risk Purpose of financial planning & control: link to strategy & budget: responsibility accounting Comprehensive profit planning and measurement Statistical techniques used for financial planning and control Working Capital Management Transfer pricing Gap analysis Working capital cycle - Management of receivables and payable - Inventory management Implementing working capital control

4 Control and Risk Knowledge Seekers UK - Customized Training Financial controls: Internal audit - International accounting standards - Accounting policies and procedures - International accounting standards Management of risk: Evaluate risk management strategies - Minimizing the risk of fraud - Diversifying risk Financial performance measurement: Budgeting and forecasting with variances Ratio analysis: Liquidity - Profitability - Balanced Scorecard - Benchmarking Budgeting in Today s Competitive corporation The Budgeting Process and the role of budgeting Annual budgeting process Identifying and resolving budgeting variances Different budgeting systems in use today Budgeting tips and techniques Variance analysis UK & international case study Foreign Exchange Exposure: Foreign exchange risk management at British Airways (BA) Recent and Topical Issues: Corporate culture differences in accounting practices: privet organizations VS. public sectors Organizational accounting priorities in financial crisis: Re-budgeting, reducing operational costs Key Features include: Pre-course questionnaires to establish your individual and business concerns Practical exercises and discussion sessions Take-away comprehensive course documentation

5 Knowledge Seekers UK - Customized Training Course Details Course Title: Financial Planning & Budget Control Pre- Schedule: 08th 18th September 2014 Timings: Fees per participant VAT included: Venue: Course fees Include: 09:30 AM 01:30 PM 5,900 GBP 10% for second participant from same organization Me Madrid Reina Hotel, Spain Documentation & handout+ USB Memory Refreshments Assessment and follow up after the course Completion certificate upon successful attendance Visa and accommodation assistance if needed supporting participants to set action plan for personal career development Quality performance guaranteed by: