Why Choose this Training Course?
This online finance and accounting training course offers both theoretical insights and practical skills needed to establish world-class standards in planning, budgeting, performance measurement, and reporting. The course focuses on equipping participants with the concepts, processes, and techniques essential for effective budgeting and business planning.
Through a blend of technique analysis, problem-solving, and real-world case studies, the course enhances delegates' cost awareness and budgetary skills. This is crucial for managing and controlling processes and projects amid growing global competition, where budgets play a pivotal role in strategy formulation and cost analysis.
This COPEX online training course will feature:
- Budgets and Strategy in Today’s International Environment
- The Business Plan and Budget Development
- Analysing the Applicability of Historical Data Using Excel®
- Using Activity-Based Budgeting and Cost Analysis Techniques
- Capital Budgeting and Project Appraisal
What are the Goals?
By the end of this COPEX online training course, participants will be able to:
- Build an integrated planning, budgeting and reporting process
- Understand costs behaviour more accurately
- Deliver more timely and useful information to decision makers
- Improve you the budgeting/financial skills required for better decision-making
- Appreciate the need to link projects within budgets
Who is this Training Course for?
This COPEX online training course is designed for anyone involved in the budget and business planning process within their organisation. It is equally appropriate for those who manage projects and who wish to have a greater understanding of how budgets, business plans, and projects interlink.
This online training course is suitable to a wide range of professionals who have budgetary control and are involved in the business planning process, including, but not limited to:
- Professionals who require a more in-depth understanding of integrated planning & budgeting techniques
- Accountants responsible for budget preparation & management reporting
- Financial Planners and Cost Analysts
- Line heads with direct planning and budgeting responsibility
- Professional Advisers, Account Personnel and Business Consultants
How will this Training Course be Presented?
This online course will utilise a variety of proven online adult learning techniques to ensure maximum understanding, comprehension, and retention of the information presented. This includes stimulating presentations supporting each of the topics together with interactive trainer lead sessions of discussion. This course will be taught online using a suitable platform.
Course Outline
Module 1: An Integrated Approach to Financial and Business Planning
Training Course Outline
- Organisational planning frameworks for strategic and tactical approaches to business planning
- The international business environment
- Corporate objectives and key value drivers, and development of business and financial plans
- Operating budgets, zero-based budgets, activity-based budgets
- The cash flow budget
- Flexed budgets and variance analysis for budgetary control
- Identification of the various types of capital projects and capital budgeting
- The time value of money impact on future values of cash flows and capital project evaluation
- WACC and ROI as benchmarks and the ‘hurdle rate’ for capital projects
- Capital project evaluation using ARR and payback, and DCF techniques of NPV, IRR, MIRR
Module 2: Forecasting and Cost Analysis Techniques
Training Course Outline
- Problems associated with forecasting
- Use of historical data to help predict the future
- Consideration of alternative forecasting techniques
- Development of time series models
- Regression analysis as a predictor and an estimator
- Use of exponential smoothing as a data analysis tool
- Cost behavior, cost analysis and cost-volume-profit analysis
- Alternative methods of costing: full absorption costing and marginal costing
- Process analysis, defining key activities and key cost drivers
- Activity based costing (ABC) and activity-based budgeting (ABB)
The Certificate
- A COPEX e-Certificate for delegates who attend and complete the online training course
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