Financial Analysis, Planning & Control

Code

Start Date

2022-06-19

End Date

2022-06-30

City

Dubai

Price

4500 $

Language

Participants

1-15

Hotel

click here

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Introduction

This seminar brings together important areas of financial management, planning and control: Financial Analysis, Planning and Control; Setting & Controlling Budgets. It will help business professionals:

Plan more effectively for the future
Use the financial techniques of planning and control
Improve performance from the use of the tools of financial analysis
Link planning and budgeting with costing and performance measurement
Master the skills of budgetary and cost control

Objectives

The seminar provides delegates with the knowledge required to find better answers to questions such as:

Which specific variables, relationships, and trends are likely to be helpful in analysing problems?
How reliable are available financial data, and how is uncertainty and risk likely to impact on the outcomes of decisions?
In economic and financial analysis what are the implications and relative importance of cash flow as distinct from accounting profit?
What limitations are inherent in financial data and the key financial statements, and how will these affect financial analysis?
How important are qualitative judgments in the context of decision-making?

and to focus on key issues such as:

Understand strategic planning and budgeting.
Link finance and operations for budgeting purposes and strategy execution
Learn how to build a comprehensive performance measurement system
Learn costing and budgeting terminology used in business
Understand the importance of a well-defined costing and budgeting process
Understand cost behaviour more accurately
Be able to perform and interpret variance analysis

Training Methodology

The seminar includes numerous practical examples and real life illustrations, and participative exercises and case studies. It will be presented in a very user-friendly way to suit individuals with varying levels of financial knowledge and experience. Our aim is for this to be an enjoyable learning experience. The training methodology combines presentations, discussions, team exercises and case studies. Delegates will gain both a theoretical and a practical knowledge of all the topics covered. The emphasis is on the practical application of the topics and as a result delegates will return to the workplace with both the ability and the confidence to apply the techniques learned.

All delegates will receive a comprehensive manual of the seminar to take back to the company, which will serve as a useful source of reference in the future. In addition, all delegates will receive a CD containing a soft copy of the manual and additional material such as Excel models used during the seminar.

Organisational Impact

Recognise the importance of finance as a component of the strategic decision-making process
Appreciate the significance of the theoretical concepts underlying the use of financial tools in the strategic decision-making process
Apply the appropriate financial tools in the strategic decision-making process
Identify the impact of external factors on a company’s strategic financial plans and decision-making
Organisations should benefit from an increase in the ability of their managers to understand and analyse the key financial statements and anticipate the financial factors that form the basis of strategic decision-making, which should ultimately result in better strategic planning, and improved company performance.

Personal Impact

This seminar will enable delegates to:

Broaden their financial knowledge, develop and manage the financial aspects of their role more effectively, and enhance their performance
Increase their self-confidence in dealing with financial issues and financial professionals.
Have a better understanding of how financial considerations help to support an organisations’ strategic decisions
Better appreciate how such decisions may affect their own departments or business units, as well as their companies
Acquire the ability, when involved in decisions about investment, operations, or financing, to choose the most appropriate tools from the wide variety of financial techniques available to provide a quantitative analysis

SEMINAR OUTLINE

The Challenge of Financial Economic Decision-Making

The practice of financial economic analysis
Corporate value and shareholder value
A dynamic perspective of business Benchmarking your own strategic position/competitor analysis
The agency problem and corporate governance
What information and data to use?
The nature of financial statements
The context of financial analysis and decision-making

Assessment of Business Performance

Ratio analysis and business performance
Management’s point of view
Owners’ point of view
Lenders’ point of view
Ratios as a system – pyramids of ratios
Integration of financial performance analysis – the Dupont system
Economic value added (EVA)
Predicting financial distress

Projection of Financial Requirements

Interrelationship of financial projections
Operating budgets
Standard costing and variance analysis
Cash forecasts and cash budgets
Sensitivity analysis
Dynamics and growth of the business system
Operating leverage
Financial growth plans
Financial modelling

Analysis of Investment Decisions

Applying time-adjusted measures
Net present value (NPV) and internal rate of return (IRR)
Strategic perspective
EVA and NPV
Refinements of investment analysis
Equivalent annual cost (EAC)
Modified internal rate of return (MIRR)
Sensitivity analysis, scenario analysis, simulation, and NPV break-even
Dealing with risk and changing circumstances

Valuation and Business Performance

Managing for shareholder value
Shareholder value creation in perspective
Evolution of value-based methodologies
Creating value in restructuring and combinations
Financial strategy in acquisitions
Business valuation
Business restructuring and reorganisations
Management buy outs (MBOs) and management buy ins (MBIs)

Setting and Controlling Budgets

Strategic and Financial Planning

Financial vs. managerial accounting
Exploring the linkages between strategy, budgeting, costing and performance measurement
Understanding what strategic planning is and why it is important
Mission; Vision; Strategy; Goals and Objectives
The outside environment and the internal context: SWOT and PESTEL analysis
What is happening in your company
Looking for the drivers of value creation
Examples and cases

The Framework for Budgeting

What is a budget - why create a budget?
The budgeting framework
Various types of budgets
The budgeting process and the human side of budgeting
Sales forecasting and budgeting schedules
What is the budgeting process in your company?
Top down vs. bottom-up budget; incremental vs. zero-based
Examples of budgetary schedules

Cost Analysis for Budgeting

What is costing? Defining costs
Cost behavior – Fixed and variable
Breakeven models - The Equation Method
The contribution margin concept
Direct and indirect costs
Traditional vs. Activity Based Costing
Product vs. period costs
Case study and examples

Budgeting: case study day - Controlling the budget variances

What is the situation in your organization?
Is budgeting organized by department and/or projects?
Budget variance analysis
Describe the difference between a static budget and a flexible budget
Compute flexible-budget variances and sales-volume variances
Explain why standard costs are often used in variance analysis
Integrate continuous improvement into variance analysis
Case study, examples and exercises

Beyond Budgeting: Broadening Performance Measurement Systems

Advantages and disadvantages of budgeting
How to improve budgeting in your organization
What next? Beyond the Budget…
The Balanced Scorecard: linking Strategy to budgeting to Performance Measurement
Financial perspective, Customer perspective
Internal Business Process perspective, Learning and growth perspective
Developing and adapting the scorecard
Case study illustration

The European Quality Training and Management Consultancy adopts modern methods of training and raising the efficiency of human resources development, so we follow:

Theoretical lectures through PowerPoint presentations and Visual presentations (videos and short films).
Scientific evaluation for the trainee (pre & post-evaluation).
Brainstorming, application and representation of roles.
Practical situations that are appropriate to the scientific material and with the nature of the work of trainees.
Tests at the end of the course.
The participant receives the scientific and practical material for the training program printed and saved on CD or Flash Memory.
Attendance reports for participants and final results reports with general evaluation of the program.
The scientific material of the training program is prepared in a scientific and professional manner, this is done by the best professors and trainers in all fields and all specialties.
At the end of the program, the trainee will receive a certificate of professional attendance, signed and certified by the European Quality Center for Training and Consulting.
Opening hours from 09.00 am to 02.00 pm, the program includes a snack buffet during the lectures.
Daily buffet food throughout the days of the training program, with a closing lunch on the last day of the training program for the distribution of certificates and commemorative photographs to the attendees
The terms and conditions for registration, payment and cancellation apply to all training programs. To see the conditions, please visit the following link, click here and your registration in any training program means your acceptance of the terms and conditions for registration, payment and cancellation
The terms and conditions of the training programs venue apply to all programs, and your registration in any training program means your acceptance of these terms and conditions
All prices on the site do not include the 5% VAT

Registration policy

European Quality Training and Management Consultancy rejects any registration application from any client without a recommendation letter addressed to European Quality Training and Management Consultancy by human resources department or training department of the applicant's employer.
To register for any training program, the deadline is before the training program start by 21 days, and any application after this date is rejected, except for who are accepted according to European Quality Training and Management Consultancy terms and conditions.
European Quality Training and Management Consultancy has the right to accept or reject any registration application without explaining any reasons.
The deadline for registration in any training program is 14 days before the start of the program and no registration is accepted after that, except for those who are approved according to the terms and conditions of the European Quality Training and Management Consultancy or with official approval and confirmation of registration issued by the European Quality Center for Training and Management Consulting
European Quality Training and Management Consultancy does not adopt the policy of the minimum number of participants in the training program if it is not stated explicitly in the terms of the program contract between the trainee or his work and between the European Quality Training and Management Consultancy of training and consulting
European Quality Training and Management Consultancy has the right to change, modify, or update this policy without prior notice, and the client has to review our policy before registering for any training program.
By registering for any of our training programs, you agree to our policy.

Price and payment policy

All prices shown on European Quality Training and Management Consultancy website are for joining training programs, excluding (hotel bookings for trainees - flight tickets - transportation - travel insurance - and any other special needs of travelers).
The training programs prices shown on European Quality Training and Management Consultancy include only (attending the program, practical and scientific material, coffee breaks, and a certificate after completing the training program.)
If the registration is personal by the client, then he has to pay the training program fees before the starting date by 21 days, via bank transfer to European Quality Training and Management Consultancy account.
If the registration is under an official letter issued by the trainee's employer, then the employer is responsible for paying the training program fees and European Quality Training and Management Consultancy has the right to claim the program fees before its starting date.
The trainee's employer is obliged to send the fees to European Quality Training and Management Consultancy account within a period of 90 days at maximum, from the program ending date.
European Quality Training and Management Consultancy has the right to change, modify, or update this policy without prior notice, and the client has to review our policy before making any deal.
By registering for any of our training programs, you agree to our policy.

Cancellation policy

The client do not has the right to cancel his reregistration before the starting date by less than 21 days. If the client cannot attend the training program for any reason, he can attend another training program at any other time, and he shall not be entitled to claim to European Quality Training and Management Consultancy any money or compensation in any way.
European Quality Training and Management Consultancy is entitled to cancel the registration of any participant in any training program without explaining the reasons, in accordance with European Quality trends and policy.
European Quality Training and Management Consultancy is entitled to confirm the registration according to its status and provide seats according their general policy.
European Quality Training and Management Consultancy is entitled to cancel any training program and is committed to refund all fees paid by the clients.
European Quality Training and Management Consultancy is entitled to change the training program venue as required without explaining any reasons, and they are not committed to refund any paid fees if the client cannot attend the program or the new venue is not suitable for the trainee's employer because of an emergent change of the venue, and the paid fees are saved in the client's account and can be used for registration for other training programs at another time.
European Quality Training and Management Consultancy has the right to change, modify, or update this policy without prior notice, and the client has to review our policy before asking for cancelation.
By registering for any of our training programs, you agree to our policy.

Discount policy

The European Quality Training and Management Consultancy offers special prices on some training programs for groups to participate in the programs (more than three participants in the program) starting from 20% and up to 40% of the basic price of the program and the discount rate is approved according to a technical and financial offer addressed to the trainee's work, showing details The program, the date of the meeting and the discount rate. When the price is approved after the discount, the new price of the program will be clarified on the website. It is available to all customers who wish to take advantage of the new price and participate in the activities of the training program
that you register in any program The acceptance of the policy of discounts applied to the European Quality Training and Management Consultancy Center Training & Management Consulting

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