ORGANISATIONAL FINANCIAL PLANNING, BUDGETING AND CONTROL

Introduction

The urgent need to reduce financial risk is a challenge for all organizations regardless of their sizes. Effective planning, budgeting and control are essential for achieving organisational Mission, Vision and pre determined Goals.

Therefore, Organisational Financial Planning, Budgeting and Control course is meticulously crafted to make organizational financial decisions in an increasingly volatile international marketplace with the view to increase profitability, maintain liquidity and minimise risk and its effects.

The course will examine the relevant decision making principles and development of a strategic organisational financial plan, the raising of finance, the preparation and management of budgets to support the plan, the management of financial risk and the measurement and evaluation of performance.

Course Objective

At the end of this course, participants will be able to:

• Evaluate organisational financial and overall performance effectively
• Develop and create an Increase financial awareness
• Prepare, manage and control budgets to support the organisational financial plans
• Learn the basics of financing the plan
• Examine various methods of finance and make successful informed capital investment decisions
• Effectively identify and manage financial risk
• Develop Risk Management Strategy

COURSE OUTLINE

MODULE 1 –ORGANISATIONAL FINANCIAL PLANNING

• Understanding Strategic Planning
• Determining and Meeting the Organisational Objective
• Stakeholders Relationship
• Understanding Financial Planning and Management Essential
• Budget Preparation (Financial Plan)
• Forecasting Future Cash-flows and Financial Modelling
• Time Series Analysis: Definition, Types & Techniques
• Enron Corporation Case Study

MODULE 2 – THE BASICS OF FINANCING THE PLAN

• Sources of Capital Infusions to meet Long Term & Short Term Business Obligations
• Types of Finance – Equity Financing vs. Debt Financing
• Hybrid Financing & Financial Engineering
• The Dividend Decision
• Weighted Average Cost of Capital (WACC) Explained
• The Capital Asset Pricing Model
• ARR -Accounting Rate of Return
• Net Present Value (NPV) Internal Rate of Return (IRR) Payback (PB) Profitability

MODULE 3 – BUDGETS PREPARATION FOR EFFECTIVE IMPLEMENTATION

• Understanding Budgets, the Budgetary Process and Budgetary Control
• Budgeting Methods-Fixed, Flexible, Incremental and Zero Based
• The Benefits & Limitations of Budgets
• Preparing and Implementing an Effective Budgets
• Explained Responsibility Accounting
• Marginal Costing vs. Absorption Costing
• Activity-Based Budgeting / Costing (ABB, ABC)
• Variance Analysis
• Break Even Analysis
• What-If Analysis & Du-Pont Analysis
• Types of Cost Behaviour

MODULE 4 – CASH FLOW MANAGEMENT AND CONTROL

• Net Operating Cycle – Cash vs. Profit
• Managing and Calculating the Cash flow Cycle
• The Cash Flow Ratios
• The Net Current Assets (NCA)
• The Cost of Maintaining Net Current Assets
• How to Maintain the Optimum Level of Net Current Assets
• Working Investment Ratios
• How to Prepare a Monthly Cash Flow Forecast

MODULE 5 – FINANCIAL RISK MANAGEMENT

• Types of Risk
• SWOT Analysis
• Risk Management
• Quantitative & Qualitative Risks Facing Companies Today
• Effective Risk Management Strategy
• Hedging Techniques
• Financial Risk Management
• How to Control Exchange Rate & Interest Rate Risk
• Derivatives – Futures, Swaps, Forwards, & Options

Who Should Attend?

Financial officers, controllers, accountants, Treasurers, corporate planning and business development professionals, Sales and marketing professionals

Delivery Method: This will include combine lectures, discussions, group exercises, case studies and illustrations. Participants will also understand the theoretical and practical knowledge of the topic.

Venue: USA

Duration: 1 week

Course Date: July 1st – 5th 2024