Financial Planning and Budgeting
What Will I Benefit?
You will be able to transform financial and accounting concepts into tools that you can use in decision-making. You will also be able to understand accounting and financial terms so that you can deal with them with confidence. Moreover, you will increase your financial and accounting awareness
Course Objectives
At the end of this course, the participants should be able to:
- Acquire the required knowledge and skills in the area of using of financial information in decision-making.
- Prepare the operational budget and link it to the strategic objectives of the establishment
- Apply capital budgeting techniques and cost -profit relationship to enhance the decision making process
Target Audience
Managers, supervisors and employees who wish to enhance their financial and accounting knowledge.
Course Outline
5
5
Topics
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Financial Statements
- Objectives of financial statements and reports
- Elements of financial statements
- Statement of financial position
- Income statement
- Cash flow statement
-
Interpretation and Analysis of Financial Statements
- External users of financial statements
- nternal users of financial statements
- Types of financial ratios
- Liquidity ratios
- Leverage ratios
- Activity ratios
- Profitability ratios
- Investment ratios
-
Costs: Elements and Types
- Why does an enterprise need to determine the cost of products or services?
- Cost center
- Cost elements
- Prime cost
- Conversion cost
- Costs and stages of production
-
Break-even Point Analysis
- Cost definition
- Fixed costs definition
- Break-even point definition
- The equation method
- Multiple products break-even point
- Break-even point in value
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Planning, Preparation and Execution of Budgets
- Budget principles
- The enterprise environment
- Financial forecasting
- Budget definition
- The plan
- The budget as a planning tool
- The budget as a control tool
- General rules of the budget
- General indicators and guidelines
- General challenges with budgeting
-
Capital Expenditures and Investment Alternatives
- Capital planning areas
- Project evaluation methods
- Time value of money
- Payback period
- Future value
- Present value
- Net present value and Internal rate of return
5
5
Target Competencies
- Understanding Financial Statements
- Read and Interpret Financial Statements
- Budgeting and Costing
- Decision Making
5
5
Course Methodology
-
A variety of training methods will be used to suit the nature of the program such as:
- Case studies and practical applications
- Workshops and group activities
- Presentations
- Brainstorming
- Interactive discussions
- Energizing team competitions
- Learning games
Developing Financial Skills for Non-Financial Managers
$4400
5 Days
Course Dates & Locations
*Prices do not include value added tax.
For more information, do not hesitate to contact us
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