Integrating Budgeting, Forecasting,
and Business Planning 2021.

23 – 25 June 2021

Johannesburg SouthAfrica

Johannesburg SouthAfrica

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Register Now! Few Seats Available!

Public R15,999.00

Online R9,999.00

Online R9,999.00

Introduction:

This course will provide not only the theoretical background but also the necessary skills to build world class standards into your planning, budgeting, performance measurement and reporting system. The course will concentrate on imparting to delegates how to learn the concepts, processes, and techniques of budgeting and business planning in order to be better able to carry out their budgeting and business planning tasks and responsibilities.

By combining techniques analysis, problems and examples with real case studies the course provides delegates with key cost awareness and budgetary skills, which is essential in managing and controlling processes/projects in times of increasing global competition where the budgets are inextricably linked with both strategy formulation and cost analysis.

Course Objectives:

  • Build an integrated planning, budgeting and reporting process
  • Improve their budgeting/financial skills required for better decision-making
  • Understand costs behavior more accurately
  • Deliver more timely and useful information to decision-makers
  • Explain typical costing and budgeting terminology used in business
  • Improve their management abilities
  • Increase their understanding of forecasting and budgeting techniques
  • Understand the problems of overheads and how Activity-Based Analysis may aid decision-making and pricing strategies
  • Contribute to the implementation of change in the organization
  • Facilitate the elimination of non-value activities and the reduction of costs within your organization
  • Understand cost behavior and patterns
  • Ensure that processes of business planning, budgeting, and management reporting are robust in themselves and suitable for their organization

Course Suitable for:

  • Financial Planners
  • Cost Analysts
  • Professional Advisers
  • Account Personnel 
  • Business Consultants
  • Professionals who require a more in-depth understanding of integrated planning & budgeting techniques
  • Accountants responsible for budget preparation & management reporting

Course Outline:

Budgets and Strategy in Today’s International Environment

  • Organizational planning framework
  • The product / information / decision support cycle
  • Strategic, tactical, and operational forecasts
  • The strategic approach to business planning
  • Various strategic and tactical approaches to business planning
  • The international business environment

The Business Plan and Budget Development

  • Developing the business plan
  • Identification of key value drivers
  • Achieving objectives
  • Zero base budgeting
  • Activity based budgeting
  • Developing the Cash Budget

Analysing the Applicability of Historical Data Using Excel®

  • Problems of forecasting
  • Using historical data to help predict the future
  • Forecasting
  • Development of Time Series Models
  • Using Regression Analysis as a predictor and estimator
  • Mastering the use of Exponential Smoothing as a Data Analysis tool

Using Activity-Based Budgeting and Cost Analysis Techniques

  • Cost behaviour and breakeven analysis
  • Activity based costing
  • Budgeting for Processes rather than Departments
  • Defining Key Cost Drivers
  • Defining Key Activities
  • Developing the Activity-Based Budget

Capital Budgeting and Project Appraisal

  • Identify the various types of capital projects
  • Discuss the capital project evaluation process
  • The impact time has on the value of money
  • Using WACC and ROIC as benchmarks
  • Development of the “Hurdle Rate” for capital projects
  • Evaluate capital projects by applying NPV, IRR, ARR Payback model

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