Effective Budgeting and Cash Flow Planning

Purchase this product now and earn 1,500 Points!
0 out of 5 based on 0 customer ratings

Introduction

Many organizations use budgeting and forecasting as a means of providing and updating tactical operating plans and controlling costs; but world-class organizations use these, and other powerful tools, within a framework specifically designed to develop and execute business strategy and manage organizational performance.

But most managers are trained for their functional roles, not for finance. Yet every manager is expected to understand finances well enough to make realistic budgets, manage cash, and hit his or her targets. This power-packed training course will provide you with the skills and tools to do this, with the aim of achieving your organization’s overall goals.

Objective

Upon completion of this program, participants will be able to:

  • Learn the steps involve in business planning
  • Learn how to produce the business plan
  • Understand the budget planning process, preparation , review and control
  • Implement and administer company successfully
  • Use the budget to management actions and decision and translate organization values into business target
  • Learn the major weaknesses and alternative techniques to traditional budgeting
  • Recognize the importance of human behavior affecting the budget

Who Should Attend

This program is designed for Business Planner, Accountant, Managers, administrator, General Manager, Business Owner, Executives, and Senior Account Supervisors

Methodology

The program will use a range of interactive activities-group and individual exercises, case studies and discussions. There will also be formal inputs of theory and models. The aim is to provide a focus for action that will maximize learning. The approach used is “Experiential Leaning”

Module

  • IMPORTANCE OF PLANNING FRAMEWORK IN BUDGETING PROCESS
    • Business Assessment
    • Assess Positioning In The Industry
    • Segmentation Analysis
    • Issues Identification
  • HOW TO EVALUATE STRATEGY OPTION
    • Generate Strategy Option
    • Evaluate Strategy
    • Value Creation Analysis
    • Compute Economy Earning For Each Option
    • Selection Of Strategy Based On Best Value
    • Develop Business Plan
  • BUDGETING FRAMEWORK
    • Develop Budget Guideline And Time-Table
    • Develop Realistic And Budget Assumption
    • How To Prepare Operating Expenses
    • Centralized And Decentralized Budget
    • Budget Review Process
  • HOW TO DEVELOP FUNCTIONAL BUDGET
    • Sales Forecasting Techniques
    • Industry Indicator
    • Sales And Production Budget
    • Inventory Budget
    • Manpower Budget In Headcount And Cost
    • Common Overhead Allocation
  • TYPES OF BUDGET SYSTEM
    • Fixed And Flexible Budget
    • Rolling Budget
    • Incremental Budget
    • Zero-Based Budgeting
    • Supplementary Budget
  • CASH FLOW FORECASTING
    • Percentages Of Sales Method
    • Based On Budgeted Accounting Ratio On Receivable And Payable
    • Schedule Payment Of Tax , Dividend , Loan Repayment And Interest Charges
  • CAPITAL EVALUATION TECHNIQUES
    • Payback Period
    • Net Present Value
    • Internal Rate Of Return
    • Profitability Index
    • Inflation Impact
    • Tax Consideration
  • IMPORTANCE OF RESPONSIBILITY ACCOUNTING AND VARIANCE REPORTING
    • Management Buy-In
    • Top-Down Vs Bottom Up
    • Behavioral Aspect
    • Cost Variance To Individual Cost Centre
    • Corrective Action To Improve Cost Efficiency
Qty:
Product Enquiry
If you purchase this product you will earn 1500 Points!

Fee: RM 1500 per pax


Loyalty Points: 1500 Points


Duration: 2 Days


Note: In-house course is available. Request it HERE

Introduction

Many organizations use budgeting and forecasting as a means of providing and updating tactical operating plans and controlling costs; but world-class organizations use these, and other powerful tools, within a framework specifically designed to develop and execute business strategy and manage organizational performance.

But most managers are trained for their functional roles, not for finance. Yet every manager is expected to understand finances well enough to make realistic budgets, manage cash, and hit his or her targets. This power-packed training course will provide you with the skills and tools to do this, with the aim of achieving your organization’s overall goals.

Objective

Upon completion of this program, participants will be able to:

  • Learn the steps involve in business planning
  • Learn how to produce the business plan
  • Understand the budget planning process, preparation , review and control
  • Implement and administer company successfully
  • Use the budget to management actions and decision and translate organization values into business target
  • Learn the major weaknesses and alternative techniques to traditional budgeting
  • Recognize the importance of human behavior affecting the budget

Who Should Attend

This program is designed for Business Planner, Accountant, Managers, administrator, General Manager, Business Owner, Executives, and Senior Account Supervisors

Methodology

The program will use a range of interactive activities-group and individual exercises, case studies and discussions. There will also be formal inputs of theory and models. The aim is to provide a focus for action that will maximize learning. The approach used is “Experiential Leaning”

Module

  • IMPORTANCE OF PLANNING FRAMEWORK IN BUDGETING PROCESS
    • Business Assessment
    • Assess Positioning In The Industry
    • Segmentation Analysis
    • Issues Identification
  • HOW TO EVALUATE STRATEGY OPTION
    • Generate Strategy Option
    • Evaluate Strategy
    • Value Creation Analysis
    • Compute Economy Earning For Each Option
    • Selection Of Strategy Based On Best Value
    • Develop Business Plan
  • BUDGETING FRAMEWORK
    • Develop Budget Guideline And Time-Table
    • Develop Realistic And Budget Assumption
    • How To Prepare Operating Expenses
    • Centralized And Decentralized Budget
    • Budget Review Process
  • HOW TO DEVELOP FUNCTIONAL BUDGET
    • Sales Forecasting Techniques
    • Industry Indicator
    • Sales And Production Budget
    • Inventory Budget
    • Manpower Budget In Headcount And Cost
    • Common Overhead Allocation
  • TYPES OF BUDGET SYSTEM
    • Fixed And Flexible Budget
    • Rolling Budget
    • Incremental Budget
    • Zero-Based Budgeting
    • Supplementary Budget
  • CASH FLOW FORECASTING
    • Percentages Of Sales Method
    • Based On Budgeted Accounting Ratio On Receivable And Payable
    • Schedule Payment Of Tax , Dividend , Loan Repayment And Interest Charges
  • CAPITAL EVALUATION TECHNIQUES
    • Payback Period
    • Net Present Value
    • Internal Rate Of Return
    • Profitability Index
    • Inflation Impact
    • Tax Consideration
  • IMPORTANCE OF RESPONSIBILITY ACCOUNTING AND VARIANCE REPORTING
    • Management Buy-In
    • Top-Down Vs Bottom Up
    • Behavioral Aspect
    • Cost Variance To Individual Cost Centre
    • Corrective Action To Improve Cost Efficiency

Reviews

There are no reviews yet.

Be the first to review “Effective Budgeting and Cash Flow Planning”

You're reviewing: Effective Budgeting and Cash Flow Planning . How do you rate this product? *

Kenneth Tam Fook Cheong
Biodata: Kenneth Tam is a trainer and consultant with 30 years of corporate experience in financial management, financial accounting, tax, business planning and budgeting. He provides methods on how to transform and enhance existing skills, mental attitudes and mindsets at all levels, to improve individual and corporate performance. His trainings include Project Evaluation and Control, and Costing Technique and Decision Making Financial Statement Analysis, Costing Technique For Executive, Accounting Skill For Supervisor, Practical Financial And Accounting Personnel, Practical Costing Technique And Skill, Cash Flow And Working Capital Management, Financial & Analysis And Interpretation, Cash Management Through Effective Working Capital Management, Costing Techniques, Control And Application as well as Maintain Full Set Of Account.

Redemption Products

Pin It on Pinterest