Corporate Financial Planning, Budgeting & Control

Corporate Financial Planning, Budgeting & Control

OBJECTIVES

• To create opportunities for your personal development and increased financial awareness
• To enable you to increase your understanding of how businesses create value, develop successful plans and budgets, measure performance, and implement effective control systems
• To enable you to develop your knowledge of financial management in order to improve corporate financial performance

WHO SHOULD ATTEND?

This seminar is suitable for both non-financial and financial personnel. They may be experienced management and staff who wish to refresh and improve their knowledge of financial management, and understand how successful companies are able to continually improve their financial performance. Or they may be individuals who have recently joined the company and need to update their knowledge about modern corporate financial performance management processes, and develop their skills in this area.

COURSE OUTLINE 

The financial framework and language

• The value model
• Definitions of value
• Value to the investor
• Managing for shareholder value
• Shareholder value creation in perspective
• The three key financial statements
• Balance sheet
• Income statement
• Cash flow statement

Managing performance measurement

• A performance management model
• Ratios and KPIs
• Ratio systems
• Integration of financial performance measures
• Benchmarking financial performance
• Planning

Managing operating performance

• Cost behaviour and operating leverage
• Budgets
• Activity based budgets
• Control
• Flexed budgets and variance analysis
• Benchmarking operational performance
• Internal benchmarking

Managing capital

• Cash flow, the time value of money, and DCF
• Standard evaluation terminology
• The key investment analysis indicators
• Applying time-adjusted measures
• Choosing the best method
• Alternative evaluation methods
• Risk management
• Sensitivity analysis
• The key driver of value: cost of capital
• Cost of debt capital and cost of equity capital
• Weighted average cost of capital (WACC)
• Capital restructuring – financial engineering
• Management buy-outs and management buy-ins

Managing working capital

• Cash flow, working capital, and the operating cycle
• Optimise not minimise
• Key issues: stocks; debtors; creditors
• Stocks management
• Debtors and credit management
• Creditors management
• The cost of working capital
• Cash improvement