Financial Planning, Budgeting,
and Internal Control Workshop

Hedging, Planning and Costing Techniques

03 – 06 May 2022 Sandton Centre Johannesburg South Africa

Register Now! Limited Seats Available!

Public R15, 999.00

Online R9, 999.00

Online R9, 999.00

Public R15, 999.00

Online R9, 999.00

Course overview:

Corporate Financial Planning, Budgeting & Control training seminar 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. This training seminar 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.

Corporate planning, budgeting, and control are essential for the effective management of modern organizations. Effective planning, budgeting, and control lead companies to their Mission, Vision, and Goals.

Objectives

  • Develop effective corporate financial plans aimed at maximizing return and minimizing 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

Corporate Financial Planning, Budgeting & Control training seminar 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, minimize 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.

By attending this training program:

  • Delegates will develop a set of transferable skills that 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 analyze 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

Who Should Attend:

This seminar is suitable for:

  • Financial Managers
  • Professionals responsible for budget preparation and risk management reporting
  • Process owners who require a more in-depth understanding of integrated planning and budgeting techniques
  • Financial Analysts
  • Internal Auditors
  • Financial Accountants
  • Accounting Officers
  • Financial Controllers
  • Treasurers
  • Project Managers
  • Managers and those with financial responsibilities
  • Decision makers, whose understanding and skills will improve through attendance
  • Any professional, irrespective of the organizational position, willing to improve awareness on planning, budgeting and risk management

Course Outline:

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

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

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 Behavior, Break Even Analysis & Sensitivity / What If Analysis
  • What-If Analysis combined with Du-Pont Analysis

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

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

End of the workshop

IN HOUSE AND ONLINE TRAINING

While both In-House and Online training can present with cost-effectiveness and time-efficacy, there are some very specific differences between in-house courses and those based online.
The demand for additional courses by individuals or groups of people is increasing. Still, it depends entirely on the preferences of a person what type of training he or she wants to receive. Online courses and in-house training carry some similarities but they are considered to exhibit some very pivotal differences too. Despite that, both types of learning can be really beneficial for attendees.

For Registration and other Training arrangements,
contact us on the detail below.
SOUTH AFRICA Tel: +27 11 057 6001
KENYA Tel: +254 11 353 1082
WhatsApp +27 79 574 0389
info@bmktraining.co.za / www.bmktraining.com