This program provides an overview of the tools and the skills to build world class standards into yourplanning budgeting and reporting system and will discuss new and best practice techniques explain howthey complement the traditional financial planning tools and introduce new concepts for planning andanalysis of financial statements advanced accounting and preparation of budgets.
Who should take this course
Those who are or will be financial decision makers working with accountants and are involved in formulating planning and implementing business strategy. Those with budget responsibilities. Those with expertise in their own fields who need to acquire expertise in budgeting.
Corporate objectives and strategies. Sources of competitive advantage. Targeting for corporate success. Aspects of the business environment. Developing strategic plans.
Budget and Budgeting:
Definition of Budget Strategic Focus of Budgeting. What are the Advantages of Budgets? Management Support Time Coverage of Budgets Types of Budgets.
Budgeting and Planning:
Strategic Planning and Budgeting Process. Why You Must Link Budgeting and Forecasting to Planning and Performance? Budget Participants and Budget Preparation Procedure. Participative Budgeting and Importance of Communication in Effective Planning Process. Building the Budgeting Model Prepare the budget structure. Writing the budges. Monitoring Comprehensive (Master). Budgeting How to manage the cash. Resource Objectives of Cash flow and Working Capital Management. Cash flow Reporting.
Corporate Plans and Operating Budgets. Link between strategic and financial plans. Master and subsidiary budgets Fixed and flexible budgets. Activity-based budgeting. Five salient features of sound budgets. Exercises and a case study. The Corporate Financial Planning System. Enhancing motivation in the budgeting process. Forecasts communications and the planning process. Performance standards motivation and monitoring. Budget administration.
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.