Corporate Financial Planning, Budgeting and Control Course

Why Select this Training Course?

Corporate planning, budgeting, and control are vital in the administration of a modern organization. Proper planning, budgeting, and control help companies achieve their target goals and missions. The Rcademy Corporate Financial Planning, Budgeting, and Control Courses are designed to assist participants in understanding the rudiments and components of financial planning and the various techniques of budgeting and control. The course also covers the management of financial risks, measurement, and evaluation of performances.

What are the components of financial planning?

Financial planning is an integral aspect of personal and corporate finance administration. Proper financial planning enables individuals or companies to monitor their financial activities effectively and ensure they correlate with the budget. Planning for sales, capital needs, investments, and liquidity are just a few of the many aspects of a company’s financial planning that need to be planned.

What are the types of budgeting control?

Budgeting control is a technique utilized in managing income and expenditure. It involves comparing actual revenue or expense to stipulated income to recognize whether or not there is a need for corrective action. The mechanism’s goal is to ensure that assets and funds allocated or budgeted do not exceed the stipulated target. There are three major types of budgetary control: financial budgets, non-monetary budgets, and operating budgets.

The participants of the Corporate Financial Planning, Budgeting, and Control Course by Rcademy will walk away with a solid understanding of related ideas connected to corporate planning and budgetary management. The objective of the training is to instill in participants the self-assurance necessary to become effective corporate planners and gain a competitive advantage over their peers in the current market environment.

Who Should Attend?

The Corporate Financial Planning, Budgeting, and Control Course by Rcademy are designed for professionals within the corporate financial planning and budgeting industry and for persons looking to further their interest in corporate financial planning and budgetary control. The following individuals should attend this course:

• Budgets Managers: charged with ensuring that the expenses of the accounts they manage do not exceed the budget units allocated
• Budget Accountants: tasked with overseeing the effective operations of financial activities and accounting within the public sector
• Finance managers: responsible for monitoring the financial activities of a company and designing investment plans
• Finance planners: tasked with analyzing the financial statements of a company and designing new financial plans
• Treasury Managers: in charge of managing a company’s cash flow and revenue sources and are also responsible for its long-term financial strategy
• Risk managers: responsible for managing the risks of a company, customers, and assets
• Investment and Banking Managers: responsible for creating and managing financial accounts of entities
• Auditors: responsible for reviewing and verifying the financial records and expenses of a company
• Every other Person interested in corporate financial planning and budgeting control practices of a company

What are the Course Objectives?

This Corporate Financial Planning, Budgeting, and Control Course by Rcademy are designed to help participants achieve the following outcomes:

• Understand the different techniques of corporate financial planning and how to make sound investment decisions
• Recognize and manage financial risks effectively
• Design effective corporate financial plans targeted at maximizing returns and eliminating risks
• Learn about the rudiments of budgeting control, types of budgetary control, and their importance to an organization
• Measure financial performances to identify possible lapses and how to fix them
• Learn how to design profit, balance sheets, and cash plans
• Understand the techniques involved in practical cost-benefit analysis
• Recognize the various costing and budgeting terminologies utilized in personal and business operations
• Learn about the concept of discounted cash flow (DCF) methods and their application in financial decision-making processes

How will this Course be Presented?

This course is participant-oriented and is specially designed to meet participants’ expectations and enhance their knowledge and skills. Various proven practical approaches and techniques that will ensure constant and active learning by the participants will be used to deliver the course. The course will be taught by professionals who have garnered various experiences and practices. The course modules are curated from in-depth and extensive research on the subject matter.

The Rcademy course on Corporate Financial Planning, Budgeting, and Control includes practical and theoretical learning by providing participants with slides on the concept, case studies, lecture notes, and real-life scenarios. Attendees will also be able to partake in quizzes, presentations, seminar workshops, and constant feedback on the lessons learned to confirm their optimal satisfaction.

What are the Topics Covered in this Course?

Module 1: Introduction to Corporate Financial Planning

• Introduction and definition of terms
• Objectives of corporate financial planning
• Designing a financial plan
• Financial management and financial planning
• The scope and roles of financial planning
• Basics of the agency theory
• Strategic planning
• Time series analysis
• Correlation and regression
• Forecasting future cash flows
• Financial modeling
• Creative accounting

Module 2: Fundamentals of Budgeting and Control

• Definition of terms
• Types of budgets
• Importance of budgeting and budget control
• The principles of budgeting
• Calculating profit
• Income statement evaluation in the context of budget and cost control
• The budgeting processes
• Consideration and application
• Types of budget control

Module 3: Financing the Plan

• Sources of finance
• Analysis of the types of finance
  – ­Debt finance
  – Equity finance
• The dividend decision
• The weighted average cost of capital (WACC) and cost of capital
• Financial engineering and hybrid finance
• Capital asset pricing model (CAPM)
• Net present value (NPV)
• Capital rationing and payback
• Accounting rate of return (ARR)
• Internal rate of return (IRR)

Module 4: The Need for Financial Planning and Control in Businesses

• Fundamentals of Accounting
• Key aspects of managing working capital
• Types of business accounts
• Cost management and impacts on a company’s financial position
• Types of financial control
• Components of financial planning

Module 5: Managing Financial Risks

• Definition of terms
• Types of risks
• Utilizing the SWOT analysis in risk identification
• Designing a risk management strategy
• Derivatives
• Forwards, options, futures, and swaps
• Managing interest rate risks and exchange rates
• Significant Qualitative and quantitative risks facing companies
• Discounted cash flow

Module 6: Cost Analysis and Management

• Understanding cost behavior and structure
• The concept of contribution margin
• Cost apportionment and allocation
• Benefit-cost analysis
• Types of cost analysis
• Breakeven points
• Breakeven analysis for planning and control
• Cost and relationship with output

Module 7: Capital Budgeting and Investment

• The time value of money
• Selecting an appraisal technique
• Strategic Considerations in evaluating capital projects
• Understanding appraisal techniques
• Utilizing sensitivity analysis in project evaluation
• Designing a practical capital budgeting framework

Module 8: Controlling and Managing Cash Flow to Support a Financial Plan

• Working capital
• Working investment ratios
• Cash vs profit
• Cash flow ratios
• The cash conversion cycle
• Managing and calculating the cash flow cycle
• Designing a monthly cashflow forecast
• The cost of maintaining working capital

Module 9: Advanced Corporate Finance

• Introduction to International corporate finance
• Valuation
• Risks
• Capital structures
• Capital markets
• Mergers and acquisition
• Global trends in corporate financial planning
• Evolution of financial technology (FinTech) and regulation

Module 10: Managing Budgets to Support the Financial Plan

• Responsibility accounting and cost absorption
• Setting and implementing effective budgets
• Variance analysis
• Limitations of budgets
• The Du-Pont analysis and what-if analysis
• Comparing budgets
• Eliminating the challenges
• The weighted average cost of capital (WACC)