TRAINING COURSES

Corporate Financial Planning, Budgeting & Control

Start Date: 24 Sep 2017
End Date: 28 Sep 2017
Duration: 5
Fees:
Country: Istanboul / Turkey
Category: Finance, Accounting & Investment
Details:

Introduction

This course is designed to enable delegates to make corporate financial decisions in an increasingly volatile international marketplace in order to increase profitability, maintain liquidity and reduce financial risk.

The module follows the growth of a company from the development of a strategic corporate financial plan, the raising of finance, the preparation and management of budgets to support the plan, the management of financial risk and ultimately the measurement and evaluation of performance.

Major highlights of the course include its:

         Practical nature which will ensure development of transferable skills as well as the knowledge and understanding

         Relevance in todays marketplace with focus on major financial issues

         International outlook, enabling companys/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 material. 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.

 

Objectives

This seminar will enable delegates to:

         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

 

Training Methodology

This course is based on a practical case study requiring delegates to develop and manage a strategic corporate financial plan. As a result it is highly participative with extensive use of practical examples, case studies, exercises and discussion sessions to ensure the development of transferable skills as well as knowledge and understanding. It will enable delegates to make and justify finance decisions, prepare and manage budgets, minimise risk and evaluate performance. In addition delegates will receive a detailed set of material in both hard and soft format enabling them to review/use the topics covered at a later date.

 

Organisational Impact

         Delegates will develop a set of transferable skills which will improve their powers of financial planning helping the company to increase profit, improve cash flow whilst minimizing costs and risk

         The new skills will help them to make more informed and hence better management decisions.

         Delegates will not only be able to analysis various business problems but will also be able to evaluate various courses of action and make sound recommendations for action using leading software

         They will become more aware of the importance of effective planning, budgeting and forecasting making the capital budgeting process more cost effective

         The use of practical case studies and illustrations of real companies will help delegates understand how to apply different planning, forecasting and analysis techniques in a work situation.

         The knowledge gained can be shared amongst other departments of the company to improve the financial culture of the entire organisation.

 

Personal Impact

You will:

         Develop an understanding of todays major issues in international corporate finance and budgeting

         Develop your professional skills, powers of analysis, evaluation and decision-making.

         Be able to make more informed and hence better planning, budgeting and forecasting decisions using various models and software.

         Make improved finance and capital budgeting decisions, which will increase your importance to your organization.

         Be better placed to liaise effectively with other departments on matters of finance and budgeting

         Be able to identify areas in which they may be able to contribute to improvements in the financial performance of your company which will help improve your career development.

 

Who Should Attend?

         This seminar is suitable for both 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

 

 SEMINAR 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

         Preparing a Strategic Plan

         Financial Management & Financial Planning the Scope, Role & Responsibilities of Financial Management

         Preparing a Financial Plan The Master Budget

         Forecasting Future Cash-flows

o    Time Series Analysis

o    Correlation & Regression

         Financial Modelling

 

Day 2

Financing the Plan

         Sources of Finance Long Term & Short Term

         Evaluation of the Types of Finance

o    Equity Finance

o    Debt Finance

o    Hybid Finance & Financial Engineering

         The Dividend Decision

         The Cost of Capital

         Weighted Average Cost of Capital (WACC)

         Capital Asset Pricing Model (CAPM)

         The Capital Investment Process

         Payback

         Accounting Rate of Return (ARR)

         Net Present Value (NPV)

         Internal Rate of Return (IRR)

         Capital Investment Appraisal

         Capital Rationing

 

Day 3

Preparing & Managing Budgets to support the Financial Plans

         Definition of Budgets

         The Budgetary Process

         Types of Budgets

o    Fixed

o    Flexible

o    Incremental

o    Zero Based

o    Activity Based Budgets

         The Purpose/Benefits & Problems/Limitations of Budgets

         Setting/Implementing Effective Budgets - Eliminating the Problems

         Budgetary Control

         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 Cashflow to support the Financial Plan

         Cash versus Profit

         The Cash Conversion Cycle

         Calculating and Managing the Cashflow 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

         Financial Risks

         Managing Exchange Rate & Interest Rate Risk

         Derivatives

o    Forwards

o    Futures

o    Options

o    Swaps

         Risk Management Glossary of Terms

 
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