About Course

Course overview :

Financial planning and budgeting are critical to the�success�and�sustainability�of a business entity � for-profit or otherwise. Financial plans and budgets are an integral part of strategic planning that is indispensable in the deployment and�allocation�of resources to achieve the entity’s both long-term and short-term objectives.

Thus, it is critical that management at both the�corporate�and�department�level ensure that actual outcomes conform to plans, both long-term and short-term.

�

Gain insight into the business planning process necessary for effective financial planning and budgeting
Understand how longer-term business planning is done
Apply a practical framework to structure a Business Plan that is easy to read and understand, be it a business development or process improvement plan
Know the key points and pitfalls to watch for when assessing or approving Business Plans
Know how to quantify and calculate payoffs, and determine funding needs
Know how to build in risks into the plans
Distinguish between corporate and department budgeting, and appreciate their interdependent roles
Know the prerequisites and foundations of effective budgeting

Course Content

1) Business Planning Framework

2) Strategic Planning Process

3) Structuring an Effective Business Plan
1-Why Business Plans Fail to Get Attention 2- Key Components of a Business Plan 3- Use of the Executive Summary

4) Identifying Key Action Strategy
1- Key Pointers in Marketing Plan, Operations Plan, Management Plan, Financial Plan 2- Interdependency of the Various Plans

5) Financial Plan: The Payoff
1-Payback Period 2- Net Present Value 3- Internal Rate of Return

6) Financial Plan: Funding Requirements
1- Identifying the Amount of Funds Needed 2- Deciding on Level of Buffer Cash Reserve

7) Identifying & Quantifying Risks
1- Identifying Risks 2-Building Risks into Business Plan 3-Use of Breakeven and Sensitivity Analysis

8) Mapping Out Implementation of Business Plan
1-Setting Milestones 2-Importance of Change Management

9) Budgeting at Corporate Level
1-Quantifying Corporate Objective 2-Use of Budgets 3-Interdependency of Budgets 4-Roles of Finance and Non-Finance Managers in Budgeting 5-Differing Budgeting Methods and their Pros & Cons 6-Selecting Suitable Methods for Different Types of Budgets

10) Budgeting at Department or Team Level
1- Identifying & Quantifying Costs 2-Building or Questioning Assumptions 3-Relevance of Cost Behavior 4- Identifying & Quantifying Revenue 5-Essentials of Effective Budgeting 6- Laying the Groundwork for Budgeting

Business Planning & Budgeting Masterclass

Business Planning & Budgeting Masterclass

About Course

Course overview :

What Will You Learn?

Course Content

1) Business Planning Framework

2) Strategic Planning Process

3) Structuring an Effective Business Plan
1-Why Business Plans Fail to Get Attention 2- Key Components of a Business Plan 3- Use of the Executive Summary

4) Identifying Key Action Strategy
1- Key Pointers in Marketing Plan, Operations Plan, Management Plan, Financial Plan 2- Interdependency of the Various Plans

5) Financial Plan: The Payoff
1-Payback Period 2- Net Present Value 3- Internal Rate of Return

6) Financial Plan: Funding Requirements
1- Identifying the Amount of Funds Needed 2- Deciding on Level of Buffer Cash Reserve

7) Identifying & Quantifying Risks
1- Identifying Risks 2-Building Risks into Business Plan 3-Use of Breakeven and Sensitivity Analysis

8) Mapping Out Implementation of Business Plan
1-Setting Milestones 2-Importance of Change Management

9) Budgeting at Corporate Level
1-Quantifying Corporate Objective 2-Use of Budgets 3-Interdependency of Budgets 4-Roles of Finance and Non-Finance Managers in Budgeting 5-Differing Budgeting Methods and their Pros & Cons 6-Selecting Suitable Methods for Different Types of Budgets

10) Budgeting at Department or Team Level
1- Identifying & Quantifying Costs 2-Building or Questioning Assumptions 3-Relevance of Cost Behavior 4- Identifying & Quantifying Revenue 5-Essentials of Effective Budgeting 6- Laying the Groundwork for Budgeting

11) Impact on Cash Flow Management
1-Relevance of Cash Flow Forecast 2-Impact of Budgets on Cash Flow Management

Business Planning & Budgeting Masterclass

About Course

Course overview :

What Will You Learn?

Course Content

1) Business Planning Framework

2) Strategic Planning Process

3) Structuring an Effective Business Plan 1-Why Business Plans Fail to Get Attention 2- Key Components of a Business Plan 3- Use of the Executive Summary

4) Identifying Key Action Strategy 1- Key Pointers in Marketing Plan, Operations Plan, Management Plan, Financial Plan 2- Interdependency of the Various Plans

5) Financial Plan: The Payoff 1-Payback Period 2- Net Present Value 3- Internal Rate of Return

6) Financial Plan: Funding Requirements 1- Identifying the Amount of Funds Needed 2- Deciding on Level of Buffer Cash Reserve

7) Identifying & Quantifying Risks 1- Identifying Risks 2-Building Risks into Business Plan 3-Use of Breakeven and Sensitivity Analysis

8) Mapping Out Implementation of Business Plan 1-Setting Milestones 2-Importance of Change Management

9) Budgeting at Corporate Level 1-Quantifying Corporate Objective 2-Use of Budgets 3-Interdependency of Budgets 4-Roles of Finance and Non-Finance Managers in Budgeting 5-Differing Budgeting Methods and their Pros & Cons 6-Selecting Suitable Methods for Different Types of Budgets

10) Budgeting at Department or Team Level 1- Identifying & Quantifying Costs 2-Building or Questioning Assumptions 3-Relevance of Cost Behavior 4- Identifying & Quantifying Revenue 5-Essentials of Effective Budgeting 6- Laying the Groundwork for Budgeting

11) Impact on Cash Flow Management 1-Relevance of Cash Flow Forecast 2-Impact of Budgets on Cash Flow Management

3) Structuring an Effective Business Plan
1-Why Business Plans Fail to Get Attention 2- Key Components of a Business Plan 3- Use of the Executive Summary

4) Identifying Key Action Strategy
1- Key Pointers in Marketing Plan, Operations Plan, Management Plan, Financial Plan 2- Interdependency of the Various Plans

5) Financial Plan: The Payoff
1-Payback Period 2- Net Present Value 3- Internal Rate of Return

6) Financial Plan: Funding Requirements
1- Identifying the Amount of Funds Needed 2- Deciding on Level of Buffer Cash Reserve

7) Identifying & Quantifying Risks
1- Identifying Risks 2-Building Risks into Business Plan 3-Use of Breakeven and Sensitivity Analysis

8) Mapping Out Implementation of Business Plan
1-Setting Milestones 2-Importance of Change Management

9) Budgeting at Corporate Level
1-Quantifying Corporate Objective 2-Use of Budgets 3-Interdependency of Budgets 4-Roles of Finance and Non-Finance Managers in Budgeting 5-Differing Budgeting Methods and their Pros & Cons 6-Selecting Suitable Methods for Different Types of Budgets

10) Budgeting at Department or Team Level
1- Identifying & Quantifying Costs 2-Building or Questioning Assumptions 3-Relevance of Cost Behavior 4- Identifying & Quantifying Revenue 5-Essentials of Effective Budgeting 6- Laying the Groundwork for Budgeting

11) Impact on Cash Flow Management
1-Relevance of Cash Flow Forecast 2-Impact of Budgets on Cash Flow Management