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.
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
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
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.
Use of Excel tools to develop strategic financial models, forecasts, and budgets.
Understand the relationship between the strategy, the forecast, and the budget.
Improved budgeting decisions will increase their effectiveness within the organization.
Financial Accounting Team Members
Cost and Management Accounting Staff
Finance Professionals
Planning Managers
Commercial Managers
Capital Investment and Project Team Members
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
Post the global financial crisis, the role of the Treasury within a bank is more challenging than ever. The regulation that followed the crisis, in particular Basel III, has meant that optimizing assets and liabilities is vital in mitigating the ‘hit’ on Return on Equity that the regulation represents.
This workshop looks to explain the fundamental role of the ALM function and, via real-life case studies and excel based simulations, explain how the function looks to optimize balance sheet performance via the more selective deployment of balance sheet resources. In addition, it will explore the fluid regulatory landscape in which ALM is functioning and outline what the industry considers as best practice in terms of dealing with the challenges that the landscape presents.
Hence by attending the day workshop, delegates will be better equipped to work in or with the ALM function and support the optimization of the balance sheet they are tasked to achieve.
There is an alarming trend in the industry to discount the potential contribution of the Technical/Operations function to productivity improvement, product quality, and gains in market share. Principles taught in this training session will help you to understand the true nature and different techniques of problem-solving and problem prevention in the operational/process environment.
The environment of current business requires an increased focus on practices and skills in planning projects and work, properly organizing tasks, and one’s work to improve productivity and delegating work to empowered staff. Businesses and indeed, all organizations, find themselves needing more productive methods of planning, more appropriate goals, and effective means of accomplishing work. A focus on using productive best practices allows for effective and efficient management of work and making changes in the organization.
This course is designed to give participants an understanding of several management methods, processes, and procedures, as well as practice on several key management techniques. The principles used are easily adjusted to an organization’s or individual’s work assignments. The conference presents a methodology of common, standard management techniques using a simple theoretical foundation and enhances learning with practical activities so participants can develop knowledge and skill to manage more effectively and efficiently.
The time for action on greening supply chains has come. Daily headlines report food shortages and concerns about energy security and dangerous climate change. Current forecasts suggest that by 2050 the human population will grow to around 9 billion and that per capita consumption of hard and soft commodities is set to increase. An incredible challenge lies ahead of us: already the production, extraction, and consumption of basic commodities are contributing to humanity's unsustainable ecological footprint.
Access to resources will be a major strategic corporate issue in the coming decades. We are convinced that the winners will be those companies that can demonstrate that their supply chains are clean and green
With this Maritime Fire Prevention, Fire Fighting and Fire Safety Diploma you will gain an in-depth knowledge of not only firefighting operations but also the preventative measures required to manage the risk from fires on ships. The modules will raise your awareness of the risks associated with fire as well as develop your knowledge of the combustion process. It will also give you an understanding of the existing legislative requirements around SOLAS, the International Fire Safety Systems Code and the process of fire risk assessment. Finally, it will share some practical firefighting strategies and tactics and the actions you should take as part of your post-fire procedures.
By utilizing widely accepted audit principles, processes, and techniques, you can execute compliance management system (CMS) audits by taking the Certified 37301 Lead Auditor training course.
To ascertain whether their policies, procedures, and controls comply with ISO 37301 criteria, many firms look for qualified auditors. This training program aims to assist you in effectively completing these tasks and to highlight the significance of efficient CMS audits. Additionally, this training course intends to improve your knowledge and abilities so that you can plan and execute CMS audits based on the certification procedure outlined in ISO/IEC 17021-1 and the auditing principles for management systems provided in ISO 19011.
This training course's exercises, tests, and case studies are made to give you practice with the key elements of a CMS audit, including ISO 37301 requirements, auditing principles, tools and techniques for gathering evidence, managing a team of auditors, conducting auditee interviews, reviewing documentation, drafting nonconformity reports, and creating the audit report itself.
You can take the exam meant to gauge your understanding and proficiency with CMS audits after successfully finishing the training course. You can apply for the "Certified ISO 37301 Lead Auditor" credential if you pass the exam. Your professional talents are validated by the "ISO 37301 Lead Auditor" certification, which shows that you possess the knowledge and abilities necessary to audit a CMS built on ISO 37301.