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: Istanbul-Turkey: +905395991206 - Amman-Jordan: +962785666966 London-UK: +447481362802

Conferences

Integrating Budgeting, Forecasting and Business Planning

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Introduction:

This program provides the skills to build world-class standards into your planning, budgeting, performance measurement, and reporting system. This program will discuss new techniques, explain how they complement the traditional financial planning tools, and introduce new concepts for measuring and reporting performance and shareholder wealth creation. You will explore the issues relating to capital budgeting. Budgeting manufacturing as well as other expenses, identifying profit objectives, budgeting cash requirements, and forecasting are all covered in this seminar.

Targeted Groups:

Financial Planners
Cost Analysts
Professional Advisers
Account Personnel
Business Consultants
Professionals who require a more in-depth understanding of integrated planning & budgeting techniques
Accountants responsible for budget preparation & management reporting

Conference Objectives:

At the end of this conference the participants will be able to:

Build an integrated planning, budgeting and reporting process
Improve their budgeting/financial skills required for better decision-making
Understand costs behavior more accurately
Deliver more timely and useful information to decision-makers
Explain typical costing and budgeting terminology used in business
Improve their management abilities
Increase their understanding of forecasting and budgeting techniques
Understand the problems of overheads and how Activity-Based Analysis may aid decision-making and pricing strategies
Contribute to the implementation of change in the organization
Facilitate the elimination of non-value activities and the reduction of costs within your organization
Understand cost behavior and patterns
Ensure that processes of business planning, budgeting, and management reporting are robust in themselves and suitable for their organization

Targeted Competencies:

Separating problem identification and problem-solving
Objective and strong analysis of plans and results
Understanding the control aspects of budgeting
Ability to appreciate the human factors involved in budget setting

Conference Content:
Unit 1: Budgets and Strategy in Today’s International Environment:

Organizational planning framework
The product / information / decision support cycle
Strategic, tactical, and operational forecasts
The strategic approach to business planning
Various strategic and tactical approaches to business planning
The international business environment

Unit 2: The Business Plan and Budget Development:

Developing the business plan
Identification of key value drivers
Achieving objectives
Zero base budgeting
Activity-based budgeting
Rolling budgets
Developing the Cash Budget

Unit 3: Analyzing the Applicability of Historical Data Using Excel:

Problems of forecasting
Using historical data to help predict the future
Forecasting
Sales volume
Development of Time Series Models using histograms, moving averages, exponential smoothing, and regression analysis
Using Regression Analysis as a predictor and estimator
Mastering the use of Exponential Smoothing as a Data Analysis tool

Unit 4: Using Activity-Based Budgeting and Cost Analysis Techniques:

Cost behavior and breakeven analysis
Activity-based costing
Budgeting for Processes rather than Departments
Defining Key Cost Drivers
Defining Key Activities
Developing the Activity-Based Budget

Unit 5: Capital Budgeting and Project Appraisal:

Identify the various types of capital projects
Discuss the capital project evaluation process
The impact time has on the value of money
Using WACC and ROIC as benchmarks
Determining the initial and subsequent capital project cash flows
Development of the "Hurdle Rate" for capital projects
Evaluate capital projects by applying NPV, IRR, ARR Payback models

18/7/2021 - 22/7/2021

9/5/2021 - 13/5/2021

7/11/2021 - 11/11/2021

24/10/2021 - 28/10/2021

4/7/2021 - 8/7/2021

15/8/2021 - 19/8/2021

6/12/2021 - 10/12/2021

24/5/2021 - 28/5/2021

Egypt (Sharm El-Sheikh)

3/10/2021 - 7/10/2021

Malaysia (Kuala Lumpur)

26/12/2021 - 30/12/2021

Malaysia (Kuala Lumpur)

15/8/2021 - 19/8/2021

Turkey (Istanbul)

4/4/2021 - 8/4/2021

Turkey (Istanbul)

8/8/2021 - 12/8/2021

Turkey (Istanbul)

21/11/2021 - 25/11/2021

Turkey (Istanbul)

11/4/2021 - 15/4/2021

24/5/2021 - 28/5/2021

1/11/2021 - 5/11/2021

Switzerland (Geneva)

15/11/2021 - 19/11/2021

Spain (Barcelona)

17/5/2021 - 21/5/2021

Spain (Barcelona)

25/10/2021 - 29/10/2021

12/4/2021 - 16/4/2021

15/11/2021 - 19/11/2021

Manama (Bahrain)

7/11/2021 - 11/11/2021

8/11/2021 - 12/11/2021

5/7/2021 - 9/7/2021

Singapore (Singapore)

21/6/2021 - 25/6/2021

1/3/2021 - 5/3/2021

Netherlands (Amsterdam)

3/5/2021 - 7/5/2021

Netherlands (Amsterdam)

25/10/2021 - 29/10/2021

9/5/2021 - 13/5/2021

22/8/2021 - 26/8/2021

28/11/2021 - 2/12/2021

Mercury dynamic schedule is constantly reviewed and updated to ensure that every category is being addressed at least once a month, if not once every week. Please check the training courses listed below and if you do not find the subject you are interested in, email us or give us a call and we will do our best to assist.

Istanbul Office (Turkey)

training@mercury-training.com +905395991206

London (UK)

training@mercury-training.com +447481362802

Amman (Jordan)

training@mercury-training.com +962785666966

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