2 days’ workshop
Introduction:
The primary goal of this workshop is to help professionals to manage their Budget & cash flow well. Real-current budgeting & cash flow business cases will be analyzed and scenario solutions will be discussed in the workshop.
This practical budgeting & Cash flow forecasting course will assist you to revisit the way budgeting is being done and ways to improve and create values for your organization. By creating value for your organization, you will be amazed at the speed of career advancement.
Course Objectives
Participants will be able to:
Revisit your organization vision & mission to be relevant in today’s competitive environment.
Devise ways to achieve your budget targets
Plan how to achieve optimum profitability under budget constraints
Consider the basis for deciding whether to proceed or reject the project proposal
Formulating the Cost Reduction Strategies for Your Organization Costs
Understand the relationship between cash flow statement and balance sheet
Applying Working capital management
Understand Project Investment & Sources of Funding
Treasury role in Business Turnaround Strategies
METHODOLOGY
Case Study & Group Discussion. Real-current financial issues & cases will be analysed and scenario solutions will be discussed within the workshop.
WHO SHOULD ATTEND
Accountants, CFO, Business Managers, Finance Managers, Supervisors, Managers and All Professionals Who Are Interested in Managing Budgeting & Cash Flow Forecasting
Special Feature:
NOTE: Please bring laptop along (Practical Templates are provided)
Course outline
Day 1
Module 1: Managing P&L & Cash Flow (Simulation exercise)
Objective:
with little or zero accounting knowledge, will walk you through
Your business or new business on sales, purchases, operating expenses, investment, capital injection, depreciation & interest payment
you see your own P&L, Balance sheet, cash flow & equity
provide strategies (using goal seek) to improve your cash flow & P&L position
]Module 2: Cash Flow Statement (simulation exercises)
Objective:
You will learn why you fund increase or decrease
What are the causes: operational, investing or financial driven?
Using goal seek will improve your cash flow position.
Module 3: Working Capital Management (Simulation Exercises)
Objective: how much resources needed (e.g. Capital) to hit the sales budget 2018
Will show you how to manage your inventory, debtors & suppliers
Module 4: Case Study: How to Achieve the Budget Target
Asset conversion
Collection
Cost reduction
Revenues
Purchasing policy
Day 2
Module 5: Converting Business Plan & Key Performance Indicators into Budgets
CEO Vision & Mission
KPI (Dept & Individual)
Module 6: Profit Planning and Activity-Based Budgeting (Exercise)
Operational Budget
Financial Budget
Module 7: Linking the Budget to Management Actions
What are Essential Considerations Before Preparing the Budgets
How to Present a More Accurate & Realistic Budget
How to Get Cooperation from Operating Units
How to Convince or Find Out Easier Solution for Other Staffs to Understand /Follow on Budget Being Prepared
How to Avoid Unexpected Results or Uncertainties
How to Measure Performance
Discuss the Planning Budgeting Strategies for Management
Module 8: Project Based Budgets (Case Study)
Calculation of operating cash flow
Calculation of Project payback period, profitability index, IRR & NPV of the project?
Basis for decision on proceeding or rejecting the project proposal