Course description
Corporate planning, budgeting, and control are vital in the administration of a modern organization. Proper planning, budgeting, and control help companies achieve their target goals and missions. The Rcademy Corporate Financial Planning, Budgeting, and Control Courses are designed to assist participants in understanding the rudiments and components of financial planning and the various techniques of budgeting and control. The course also covers the management of financial risks, measurement, and evaluation of performances.
What are the components of financial planning?
Financial planning is an integral aspect of personal and corporate finance administration. Proper financial planning enables individuals or companies to monitor their financial activities effectively and ensure they correlate with the budget. Planning for sales, capital needs, investments, and liquidity are just a few of the many aspects of a company’s financial planning that need to be planned.
Upcoming start dates
Suitability - Who should attend?
Who Should Attend?
The Corporate Financial Planning, Budgeting, and Control Course by Rcademy are designed for professionals within the corporate financial planning and budgeting industry and for persons looking to further their interest in corporate financial planning and budgetary control. The following individuals should attend this course:
- Budgets Managers:charged with ensuring that the expenses of the accounts they manage do not exceed the budget units allocated
- Budget Accountants:tasked with overseeing the effective operations of financial activities and accounting within the public sector
- Finance managers:responsible for monitoring the financial activities of a company and designing investment plans
- Finance planners:tasked with analyzing the financial statements of a company and designing new financial plans
- Treasury Managers:in charge of managing a company’s cash flow and revenue sources and are also responsible for its long-term financial strategy
- Risk managers:responsible for managing the risks of a company, customers, and assets
- Investment and Banking Managers:responsible for creating and managing financial accounts of entities
- Auditors:responsible for reviewing and verifying the financial records and expenses of a company
- Every other Personinterested in corporate financial planning and budgeting control practices of a company
Outcome / Qualification etc.
This Corporate Financial Planning, Budgeting, and Control Course by Rcademy are designed to help participants achieve the following outcomes:
- Understand the different techniques of corporate financial planning and how to make sound investment decisions
- Recognize and manage financial risks effectively
- Design effective corporate financial plans targeted at maximizing returns and eliminating risks
- Learn about the rudiments of budgeting control, types of budgetary control, and their importance to an organization
- Measure financial performances to identify possible lapses and how to fix them
- Learn how to design profit, balance sheets, and cash plans
- Understand the techniques involved in practical cost-benefit analysis
- Recognize the various costing and budgeting terminologies utilized in personal and business operations
- Learn about the concept of discounted cash flow (DCF) methods and their application in financial decision-making processes
Training Course Content
Module 1: Introduction to Corporate Financial Planning
- Introduction and definition of terms
- Objectives of corporate financial planning
- Designing a financial plan
- Financial management and financial planning
- The scope and roles of financial planning
- Basics of the agency theory
- Strategic planning
- Time series analysis
- Correlation and regression
- Forecasting future cash flows
- Financial modeling
- Creative accounting
Module 2: Fundamentals of Budgeting and Control
- Definition of terms
- Types of budgets
- Importance of budgeting and budget control
- The principles of budgeting
- Calculating profit
- Income statement evaluation in the context of budget and cost control
- The budgeting processes
- Consideration and application
- Types of budget control
Module 3: Financing the Plan
- Sources of finance
- Analysis of the types of finance – Debt finance – Equity finance
- The dividend decision
- The weighted average cost of capital (WACC) and cost of capital
- Financial engineering and hybrid finance
- Capital asset pricing model (CAPM)
- Net present value (NPV)
- Capital rationing and payback
- Accounting rate of return (ARR)
- Internal rate of return (IRR)
Module 4: The Need for Financial Planning and Control in Businesses
- Fundamentals of Accounting
- Key aspects of managing working capital
- Types of business accounts
- Cost management and impacts on a company’s financial position
- Types of financial control
- Components of financial planning
Module 5: Managing Financial Risks
- Definition of terms
- Types of risks
- Utilizing the SWOT analysis in risk identification
- Designing a risk management strategy
- Derivatives
- Forwards, options, futures, and swaps
- Managing interest rate risks and exchange rates
- Significant Qualitative and quantitative risks facing companies
- Discounted cash flow
Module 6: Cost Analysis and Management
- Understanding cost behavior and structure
- The concept of contribution margin
- Cost apportionment and allocation
- Benefit-cost analysis
- Types of cost analysis
- Breakeven points
- Breakeven analysis for planning and control
- Cost and relationship with output
Module 7: Capital Budgeting and Investment
- The time value of money
- Selecting an appraisal technique
- Strategic Considerations in evaluating capital projects
- Understanding appraisal techniques
- Utilizing sensitivity analysis in project evaluation
- Designing a practical capital budgeting framework
Module 8: Controlling and Managing Cash Flow to Support a Financial Plan
- Working capital
- Working investment ratios
- Cash vs profit
- Cash flow ratios
- The cash conversion cycle
- Managing and calculating the cash flow cycle
- Designing a monthly cashflow forecast
- The cost of maintaining working capital
Module 9: Advanced Corporate Finance
- Introduction to International corporate finance
- Valuation
- Risks
- Capital structures
- Capital markets
- Mergers and acquisition
- Global trends in corporate financial planning
- Evolution of financial technology (FinTech) and regulation
Module 10: Managing Budgets to Support the Financial Plan
- Responsibility accounting and cost absorption
- Setting and implementing effective budgets
- Variance analysis
- Limitations of budgets
- The Du-Pont analysis and what-if analysis
- Comparing budgets
- Eliminating the challenges
- The weighted average cost of capital (WACC)
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Rcademy is a global training and consultation organisation set out to bridge the gap between you now and what you can be in the near future. We are facilitators of knowledge impartation. Our team of established and experienced training enthusiasts...