This Corporate Financial Planning, Budgeting & Control training workshop is designed to make it possible for delegates to make business financial choices in a significantly unstable worldwide marketplace with the view to raise success, maintain liquidity and decrease monetary danger is an obstacle for all companies despite their dimension.

Program Purposes of Corporate Financial Planning, Budgeting & Control

• Review the different techniques of financing and also make effective capital expense choices
• Develop reliable business economic strategies focused on maximising return and also minimising risk
• Prepare, take care of and also control budgets to sustain the corporate monetary plans
• Determine and handle economic danger successfully
• Action as well as manage efficiency properly
• Create chances for your individual development and enhanced monetary understanding

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

• 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

Day 2
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

Day 3
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 Behaviour, Break Even Analysis & Sensitivity / What-If Analysis

• What-If Analysis combined with Du-Pont Analysis

Day 4
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

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

• Managing Exchange Rate & Interest Rate Risk

• Derivatives-Forwards, Futures, Options & Swaps

• Risk Management Glossary of Terms