Strategic And Financial Planning

Strategic And Financial Planning

About Course 

Strategic financial management refers to specific planning of the usage and management of a company's financial resources to attain its objectives as a business concern and return maximum value to shareholders. Strategic financial management involves precisely defining a company's business objectives, identifying and quantifying its resources, devising a plan for utilizinfinances and other resources to achieve its goals, and establishing procedures for collecting and analyzing data, making financial decisions, and tracking and analyzing variance between budgeted and actual results to identify problems and take appropriate corrective actions.

 
 

Objectives
this coures provides you with an understanding of the strategic planning process. It highlights the coordinated, complementary and contributory roles of both budget approvers and holders towards effective corporate planning and control. This workshop also provides you with insight on how business plans are devised and how actual performance is analysed against budget. The relevance and importance of the Cash Flow Forecast and its impact on Cash Flow Management will be explained.
illustrates and explains the sequential preparation of the operating budgets leading to preparation of the Cash Budget and Budgeted Financial Statements. The day, and hence the workshop, ends with completing the strategic planning process by equipping you with capital budgeting technics based on discounted cash flows (DCFs) which are essential decision-making tools to achieve both short- and long-range corporate objectives of all organisations.

Who Should Attend?
This financial training course will benefit members of budget committees, budget approvers and holders, heads of business units and departments, financial controllers and managers.

course summary:

 this course provides you with an understanding of the strategic planning process.  It highlights the coordinated, complementary and contributory roles of both budget approvers and holders towards effective corporate planning and control.  This workshop also provides you with insight on how business plans are devised and how actual performance is analysed against budget.  The relevance and importance of the Cash Flow Forecast and its impact on Cash Flow Management will be explained.

illustrates and explains the sequential preparation of the operating budgets leading to preparation of the Cash Budget and Budgeted Financial Statements.  The day, and hence the workshop, ends with completing the strategic planning process by equipping you with capital budgeting technics based on discounted cash flows (DCFs) which are essential decision-making tools to achieve both short- and long-range corporate objectives of all organisations.

Outline:

Day 1
Budgeting and Long-range Planning
• Corporate Planning and Control Framework
• Strategic Planning Process
o PEST (Political, Economical, Social-cultural, Technological)
o BCG (Boston Consultancy Group Matrix)
o VCA (Value Chain Analysis)
• How strategic Plans are Translated into Financial Plans and Budgets

Day 2

Budgeting at Corporate Level
• Corporate Budgeting Process
• Quantifying Corporate Objectives
• Why Prepare Budgets?
• Interdependency of Budgets – Master Budget
• Limiting Factors
• Types of Budgets – Uses, Merits and Drawbacks
• Comparing Actual Performance with Budget
• Variance Analysis

Day 3

Budgeting at Department or Team Level
• Department Budgeting Process
• Why Budgets Get Turned Down
• Building Assumptions
• Budget Worksheet
• Laying the Groundwork for Budgeting
• Essentials of Effective Budgeting

Day 4 

Impact on Cash Flow Management
• Why Hold Cash?
• How Much Cash to Hold?
• Relevance of Cash Flow Forecast in Cash Flow Management
Preparing Budgets
• Operating Budgets
• Cash Budget
• Budgeted Financial Statements

Day 5 

Capital Budgeting
• Characteristics of Investment Appraisal Projects
• Time Value of Money
• Discounted Cash Flows
• Capital Budgeting Techniques – Types, Merits and Drawbacks
o Net Present Value
o Internal Rate of Return
o Payback Period

 

Certificates

A Certificate of Completion will be issued to those who attend & successfully complete the programme.

Schedule

  08:30 – 10:15 First Session

 10:15 – 10:30 Coffee Break

10:30 – 12:15 Second Session

 12:15 – 12:30 Coffee Break

12:30 – 14:00 Third Session

 14:00 – 15:00 Lunch

 

Training Methodology:

This interactive training course includes the following training methodologies as a percentage of the total tuition hours:

  • 30% Lectures, Concepts, Role Play
  • 30% Workshops & Work Presentations, Techniques
  • 20% Based on Case Studies & Practical Exercises
  • 20% Videos, Software & General Discussions
  • Pre and Post Test

Fees

 The Fee for the seminar, including instruction materials, documentation, lunch, coffee/tea breaks & snack is: