This program provides an overview of the tools and the skills to build world class standards into your planning budgeting and reporting system and will discuss new and best practice techniques explain how they complement the traditional financial planning tools and introduce new concepts for planning and analysis of financial statements advanced accounting and preparation of budgets.
Who should take this course
Professionals responsible for budget preparation and management reporting. Process owners who require a more in-depth understanding of integrated planning and budgeting techniques along with financial planners and cost analysts. Anyone with direct planning and budgeting responsibility as well as advisors accountants and business consultants.
Day 1 - Planning and budgeting:
The purpose of planning and budgeting in business. Defining the strategic approach to business planning. Defining strategic assumptions. Building the strategic planning model using financial data. Building the strategic planning model using financial data.
Day 2 - Analyzing the historical date using Excel:
Recognizing the basic patterns inherent in historical data. Using the exploratory data analysis tools available in excel. Development of time series models using histograms moving averages exponential smoothing and regression analysis. Validation of time series analysis.
Day 3 - Budgets in today's international environment:
Organizational planning and control framework. The product / information / decision support cycle. Strategic tactical and operational forecasts. The recognition of risk in models. Using budget models for simulation purposes.
Day 4 - Approaches to Budget Development:
Zero base budgeting. Activity based budgeting. Rolling budgets. Operational unit budgeting. Program budgeting.
Day 5 - Using activity based budgeting:
Developing the ABB application model. Budgeting for processes rather than departments. Defining key cost drivers. Developing the activity-based budget.
About Course Provider
London Training for Excellence offer a wide range of training courses in London for organisations and individuals who wish to advance their skills and knowledge in the business world. With a great training centre in London, London TFE have everything that is needed to understand the basic needs of a business. Each course focuses on the ‘real-life’ issues a business could face and how to tackle them with ease.
London TFE have a team of enthusiastic leaders and instructors who share a passion for education and want to deliver that same passion to every individual who wish to take a business to succession. Each training courses London encourages individual to aim high and reach their full potential.
How to enroll?
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