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Planning and Analysis of Financial Statements, Advanced Accounting and Preparation of Budgets

Planning and Analysis of Financial Statements, Advanced Accounting and Preparation of Budgets

ACCOUNTING, FINANCE AND BANKING


Planning and Analysis of Financial Statements, Advanced Accounting and Preparation of Budgets

Introduction:

This program provides an overview of the tools and the skills to build world class standards into your planning, budgeting and reporting system and will discuss new and best practice techniques, explain how they complement the traditional financial planning tools, and introduce new concepts for planning and analysis of financial statements, advanced accounting and preparation of budgets.

Objectives:

  • Make budgeting process more cost effectively.
  • Motivate managers to "buy in" to the budget process.
  • Help delegates understand how to apply different planning, forecasting and analysis techniques.
  • Organize budget structure to work on during the program.
  • Implement advanced planning and control techniques into your budgeting process.
  • Integrate the budgeting process with the development of the company’s long-term strategic vision.
  • Provide a decision support structure that provides timely and useful information to decision makers.
  • Successfully build an integrated planning, budgeting and reporting process.
  • Forecast costs and revenues with greater confidence.
  • Apply management tools to the budgeting process that contribute to strategic goals.
  • Effectively manage the budgeting process.

Contents:

Planning and budgeting:

  • The purpose of planning and budgeting in business.
  • Defining the strategic approach to business planning.
  • Defining strategic assumptions.
  • Building the strategic planning model using financial data.
  • Various strategic and tactical approaches to business planning.

Analyzing the historical date using Excel:

  • Recognizing the basic patterns inherent in historical data.
  • Using the exploratory data analysis tools available in excel.
  • Development of time series models using histograms, moving averages, exponential smoothing, and regression analysis.
  • Validation of time series analysis.

Budgets in today's international environment:

  • Organizational planning and control framework.
  • The product / information / decision support cycle.
  • Strategic, tactical, and operational forecasts.
  • The recognition of risk in models.
  • • Using budget models for simulation purposes.

 

Approaches to Budget Development:

  • Zero base budgeting.
  • Activity based budgeting.
  • Rolling budgets.
  • Operational unit budgeting.
  • Program budgeting.

Using activity based budgeting:

  • Developing the ABB application model.
  • Budgeting for processes rather than departments.
  • Defining key cost drivers.
  • Developing the activity-based budget.

Who should attend?

  • Professionals responsible for budget preparation and management reporting.
  • Process owners who require a more in-depth understanding of integrated planning and budgeting techniques, along with financial planners and cost analysts.
  • Anyone with direct planning and budgeting responsibility, as well as advisors, accountants and business consultants.

 

Kuala Lumpur

# Price ($) From
d-m-Y
To Action
1 2,750 29-01-2018 02-02-2018 Enquire
Course Code:2487
2 2,750 19-03-2018 23-03-2018 Enquire
Course Code:2488
3 2,750 14-05-2018 18-05-2018 Enquire
Course Code:2489
4 2,750 30-07-2018 03-08-2018 Enquire
Course Code:2490
5 2,750 17-09-2018 21-09-2018 Enquire
Course Code:2491
6 2,750 12-11-2018 16-11-2018 Enquire
Course Code:2492

Istanbul

# Price ($) From
d-m-Y
To Action
1 3,250 18-02-2018 22-02-2018 Enquire
Course Code:2643
2 3,250 22-04-2018 26-04-2018 Enquire
Course Code:2644
3 3,250 17-06-2018 21-06-2018 Enquire
Course Code:2645
4 3,250 19-08-2018 23-08-2018 Enquire
Course Code:2646
5 3,250 21-10-2018 25-10-2018 Enquire
Course Code:2647
6 3,250 23-12-2018 27-12-2018 Enquire
Course Code:2648

London

# Price ($) From
d-m-Y
To Action
1 4,250 19-02-2018 23-02-2018 Enquire
Course Code:4342
2 4,250 23-04-2018 27-04-2018 Enquire
Course Code:4343
3 4,250 18-06-2018 22-06-2018 Enquire
Course Code:4344
4 4,250 20-08-2018 24-08-2018 Enquire
Course Code:4345
5 4,250 22-10-2018 26-10-2018 Enquire
Course Code:4346
6 4,250 24-12-2018 28-12-2018 Enquire
Course Code:4347