A good plan should begin with a good forecast, which in turn, may lead to a good budget. A strategy is a long-term plan of what the company is going to do to achieve its policy. The budget is the short-term plan of how strategies may be achieved. It is a quantification of the activities the company must develop to achieve its short-term plans.
At the end of this conference the participants will be able to:
Develop strategic thinking, and use the strategic management process to develop missions and objectives and carry out strategic analysis and decision-making.
Understand the relationship between financial planning, forecasting, and budgeting, and integration of the strategic management process with the budgeting cycle.
Understand cost behavior, the use of alternative costing systems, and cost/volume/profit (CVP) analysis, and develop and prepare an operating budget and how it may be funded using the alternative sources of finance.
Use various Excel models to forecast sales pricing, optimal product mix, long- and short-term sales levels, and build financial growth planning models and traditional and activity-based budget models, and improve budget accuracy.
Use the techniques of budgetary control: development of product standards, flexed budgets, and variance analysis, and use of the results of variance analysis to improve operational performance.
Determine a company’s cost of capital and use the technique of discounted cash flow (DCF) for capital budgeting and evaluation of capital project investment, and risk analysis using the techniques of sensitivity, simulation, and scenario analysis.
Financial Professionals, Finance Controllers, Treasurers, and Inventory Professionals
Senior Professionals with direct responsibility for financial management and control
Accountants, Sales and Purchasing Professionals, and those responsible for the relationship with banks
Any Professional, at junior or senior level, who is a part of the financial decision- building a team
New Interns and Trainees with finance-related responsibilities
Head of Departments, Process Owners, Administrative Personnel associated with budget management
What are planning strategies?
Work with the planning cycle
Mission
Strategic analysis
Strategic choice
Strategic implementation
Corporate objectives
Corporate value and shareholder value
The agency problem and corporate governance
Planning requirements and working capital
Plan outline
Financial planning for growth
Financial modeling
Development of the key performance indicators (KPIs)
The balanced scorecard
Determine the purpose and objective of the forecast
Implementing an anti-bribery management system (ABMS) based on ISO 37001 has a number of advantages, including helping the organization avoid or reduce the costs, risks, and damage of being involved in bribery, fostering trust and confidence, encouraging due diligence and morally righteous business practices, etc. You must have the knowledge and abilities necessary to establish, implement, manage, maintain, and continuously enhance an ABMS in order to reap these benefits for your firm. The ISO 37001 Lead Implementer training course is where you should be for that. The training program aims to give participants a thorough understanding of ISO 37001 requirements as well as the best methods and techniques for setting up and maintaining the management system.
The contract is a very important part of the business environment; it states the expectations of both parties and helps to resolve the negative issues. The contract management training course teaches the delegates how to manage the contract’s creation, execution, and analysis for maximizing the financial performance efficiently and effectively. An effective contract management system improves the performance of the company and reduces financial risk. The delegates will learn the different fundamental criteria of contract management and they will also learn the necessary skills and techniques required to execute better partnership among the partners
Quality has become a must for all industries and services. The challenge today is not only to implement quality programs. It is also to reach high performance and ensure customer loyalty through products and services delivered on time at the right quality level, at the right price.
Build a blockchain and cryptocurrency. Discover the engineering ideas behind technologies like Bitcoin and Ethereum, A blockchain's operating protocol is also known as its consensus mechanism, Build a Blockchain in the object-oriented programming style, and Generate hashes for blocks in the chain
Product and building ideas become a reality thanks to drafters. They create the working drawings used in the product, building, and subdivision development in a fast-paced environment. Chemeketa’s drafting technology program prepares you for these jobs with training on the latest software.
The ultimate aim of any person is to be happy. In this course, we will discuss how to be happier specifically at your workplace which in turn will increase your motivation, productivity, and job satisfaction. This course also develops the necessary skills for employees to improve their self-confidence and self-esteem which are very important for career success.