Corporate Financial Planning, Budgeting & Control

This training course is designed to provide participants with the essential knowledge and skills necessary to effectively plan and manage finances in today's dynamic business environment. Throughout this training, participants will explore the strategic and tactical approaches to business planning and delve into various budgeting techniques.

By the end of this course, participants will have a solid understanding of financial planning principles and be able to create robust budgets that drive organizational success.

• Recognize the significance of financial planning and budgeting in driving business performance and achieving organizational goals.
• Learn how to construct a strategic planning model that incorporates financial data and supports informed decision-making. They will be able to identify strategic assumptions and align them with financial goals.
• Explore the various budgeting techniques, including zero-based budgeting, activity-based budgeting, rolling budgets, operational unit budgeting, and program budgeting. Participants will understand the advantages and limitations of each approach and be able to select the most appropriate one for their organization.
• Develop a deep understanding of cost behavior and learn how to differentiate between fixed, variable, and semi-variable costs.
• Apply strategic and operational cost analysis techniques and use breakeven analysis to assess the financial impact of different scenarios.
• Understand regression analysis and its application in budget development.