An Intensive 10-day Training Course
Financial Planning and Budgeting for Performance Management
Modules
This training course is split into two modules:
MODULE I - Budgeting For Performance Management
MODULE II - Financial Analysis, Planning & Control
Each module is structured and can be taken as a stand-alone training course; however, delegates will maximise their benefits by taking Module 1 and 2 back-to-back as a 2-week training course.
Course Outline
Module 1: Budgeting For Performance Management
Day One
Budgeting and Business Performance Management
- Creating value for key organisational stakeholders
- Business Performance Management (BPM) frameworks
- The fundamentals of competitive strategy
- The vital role of budgeting and cost management in BPM
- Principles of financial and management accounting
- Key financial measures of value creation
- Using strategy maps to integrate non-financial measures
Day Two
Cost Planning and Cost Management
- Defining and understanding cost behaviour
- The role of costing in performance management
- Traditional costing: absorption costing
- Traditional costing: marginal costing and break-even analysis
- Traditional costing: standard costing control frameworks
- Developments in costing: Target and Kaizen costing
- Developments in costing: Activity Based Costing (ABC)
- A strategic approach to cost management and reduction
Day Three
Steps and Techniques in Budget Preparation
- Forecasting techniques for budgeting
- Business Intelligence and budgeting
- Diagnostic and predictive analytics for budgeting
- Statistical tools and techniques in sales forecasting
- Statistical tools and techniques for cost forecasting
- Steps in the budgeting process
- Budgeting and managing capital expenditure (CapEx)
- Cash flow forecasting and budgeting
- Styles and approaches to budgeting
- Human and behavioural aspects of budgeting
Day Four
Using Budgets to Monitor and Manage Performance
- Principles of Responsibility Accounting
- Variance analysis and performance management
- Standard costing and cost management
- Using data analytics to find the root cause of variances
- Data visualisation techniques for financial reports
- Designing budget reports
- Dashboards and their use in performance management
- Designing tactical dashboards for budget management
Day Five
Beyond Budgeting to Adaptive Management
- Shortcomings of traditional approaches to budgeting
- Beyond Budgeting case study
- Moving towards decentralised performance management
- Replacing budgets with rolling forecasts
- Using key driver forecasts for risk management
- Using balanced scorecard to manage Key Performance Indicators
- Why traditional budgeting still has a key role to play
Module 2: Financial Analysis, Planning & Control
Day Six to Day Ten
- Corporate Value and Shareholder Value
- The Agency Problem and Corporate Governance
- The Context of Financial Analysis and Decision-Making
- Ratio Analysis and Business Performance
- Economic Value Added (EVA) and Predicting Financial Distress
- Standard Costing and Variance Analysis
- Cash Forecasts and Cash Budgets and Sensitivity Analysis
- Net Present Value (NPV) and Internal Rate of Return (IRR)
- Modified Internal Rate of Return (MIRR)
- Business Valuation
- Business Restructuring and Reorganisations
Certificate
Oxford Management Centre Certificate will be provided to delegates who successfully completed the training course.
In association with
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FREQUENTLY ASKED QUESTIONS
To check on availability please call Registrar’s Office at +971 50 985 0174. If you have any questions or enquiries please feel free to contact us
- Telephone: +971 50 985 0174
- E-mail: [email protected]
Yes, we provide assistance in securing both hotel reservations & entry visa on all our international training venues, for delegates attending our training courses. For further information / assistance, please contact our Customer Service at:
- Telephone: +971 50 985 0174
- E-mail: [email protected]
Yes, Oxford Management Centre is accredited by the following professional bodies;
National Association of State Board of Accountancy (NASBA)
The Oxford Management Centre is registered with NASBA as a sponsor of Continuing Professional Education (CPE) on the National Registry of CPE Sponsors. NASBA have final authority on the acceptance of individual courses for CPE credit.
Yes, discounts are available. For further information please call +971 50 985 0174 or email, [email protected]
Note: Discounts are not applicable with any other special offer that may be available.
There are 2 easy ways to register:
- Online: Select the training course you want to register for, Click the “Book Your Place” button on the course page, complete the form and click submit.
- E-mail: Send your details to [email protected]
We request that all cancellations be made at least one week before the class start date. You may reschedule this class without any penalty. If not, a $250 fee will be charged for cancellations received less than one week before a class begins and for no-shows. Cancellation penalties and any fees incurred by Oxford Management Centre will be deducted from refunds.
For more information request, email [email protected] or call +971 50 985 0174.
The classroom training fees include course presentation, relevant materials, physical & digital documentation, lunch and refreshments served during entire training. Accommodation and transportation are not included in the training course fees.
While, online training fees cover the course presentation and digital documentation and relevant materials.
The Oxford Management Centre Certificate of Completion with corresponding CPE credits shall be awarded to delegates who has successfully completed the training course.
Payment must be received before the training course commences. You can make payment by bank draft, cash, credit card or wire transfer.
Note: If the payment is not received, Oxford Management Centre has the right to refuse admission.
Upon receipt of your registration form, we will send you the following by e-mail:
- Registration Confirmation
- Invoice/Receipt (where appropriate)
If you register online you will receive an e-mail within 24 hours confirming your registration.
