Corporate Financial Planning, Budgeting and Control

Corporate Financial Planning, Budgeting and Control

 

Date & Location: (15-19/April) Kuala Lumpur – ( 06-12/May) Amman

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Course Overview

Introduction:

This course provides:

  • Practical nature which will ensure development of transferable skills as well as the knowledge and understanding
  • Relevance in today’s marketplace with focus on major financial issues
  • International outlook, enabling companies/delegates to compete on a global scale and meet international standards
  • Breadth and depth of coverage, making the course suitable for both finance and non-finance personnel
  • Supporting materials – delegates will receive a detailed set of handouts, reading, case studies and examples in both hard and soft format which will enable them to review/use the topics covered at a later date

 

Program Objectives:

  • Develop effective corporate financial plans aimed at maximising return and minimising risk
  • Evaluate the various methods of finance and make successful capital investment decisions
  • Prepare, manage and control budgets to support the corporate financial plans
  • Identify and manage financial risk effectively
  • Measure and manage performance effectively
  • Create opportunities for your personal development and increased financial awareness

 

Who Should Attend?

  • Non-financial and financial personnel
  • Managers and those with financial responsibilities
  • Financial decision-makers, whose techniques of decision-making and analysis will be improved through attendance
  • Professionals acting upon the financial decisions of others, who will gain an appreciation for decision-making thereby ensuring shared values within the organisation
  • Analysts whose role involves evaluating and identifying market and competitive trends
  • Junior managers involved in risk managements
  • Managers involved in planning and decision-making
  • Financial planner

 

Program Outline:

DAY 1

 Corporate Financial Planning      

  • Strategic Planning
  • The Objective of the Firm – meeting Shareholder & Stakeholder Objectives
  • Agency Theory – the relationship between Shareholders & Management
  • Creative Accounting and the Case of Enron
  • Financial Management & Financial Planning – the Scope, Role & Responsibilities of Financial Management
  • Preparing a Financial Plan – the Master Budget
  • Forecasting Future Cash-flows and Financial Modelling
  • Time Series Analysis, Correlation & Regression

 DAY 2

 Financing the Plan

  • Sources of Finance – Long Term & Short Term
  • Evaluation of the Types of Finance – Equity vs. Debt Finance
  • Hybrid Finance & Financial Engineering
  • The Dividend Decision
  • The Cost of Capital and Weighted Average Cost of Capital (WACC)
  • Capital Asset Pricing Model (CAPM)
  • Accounting Rate of Return (ARR)
  • Net Present Value (NPV), Internal Rate of Return (IRR) Capital Rationing & Payback

DAY 3

Preparing & Managing Budgets to Support the Financial Plans

  • Definition of Budgets, the Budgetary Process and Budgetary Control
  • Types of Budgets-Fixed, Flexible, Incremental and Zero Based
  • The Purpose/Benefits & Problems/Limitations of Budgets
  • Setting/Implementing Effective Budgets – Eliminating the Problems
  • Responsibility Accounting and Absorption Costing
  • Activity-Based Budgeting/Costing (ABB, ABC)
  • Variance Analysis, Cost Behaviour, Break Even Analysis & Sensitivity/What If Analysis
  • What-If Analysis combined with Du-Pont Analysis

 DAY 4

Managing and Controlling Cash Flow to Support the Financial Plan

  • Cash vs. Profit & The Cash Conversion Cycle
  • Calculating and Managing the Cash flow Cycle
  • Cash Flow Ratios
  • Working Capital
  • The Cost of Maintaining Working Capital
  • Maintaining the Optimum level of Working Capital
  • Working Investment Ratios
  • Preparing a Monthly Cash Flow Forecast

DAY 5

Managing Financial Risk     

  • Risk Management & Types of Risk
  • Identifying Risk – SWOT Analysis
  • The Major Quantitative & Qualitative Risks Facing Companies
  • Establishing a Risk Management Strategy
  • Financial Risk Management & Hedging Techniques
  • Managing Exchange Rate & Interest Rate Risk
  • Derivatives-Forwards, Futures, Options & Swaps
  • Risk Management Glossary of Terms