Program Overview

Financial planning is the process of raising funds and allocating these funds on the basis of a business strategy. The starting point of the financial plan is therefore organisation’s Mission/ Vision Statements. It is almost impossible for an organisation to be financially viable without preparing a proper financial plan. This includes financial feasibility studies before the operations and preparing budgets and forward plans during the operations. Not all businesses achieve success and one of the reasons is the lack of financial planning.

Financial reports give a deep insight into the financial health of the company. Business owners, directors, and the top management must have the ability to go behind the figures in the financial reports so as to understand the current financial health and plan for the future.

It is, therefore, crucial to understand the financial statements of the company and differentiate between various statements produced in an annual report and grasp the flow of information. Financial Planning and Analysis teams play an important role by preparing budgets and forecasts supporting major decisions taken by the Boards and CEOs. In this regard, various types of budgets and forward plans will also be covered.

The course will also provide the necessary understanding of different sources of funds and where to deploy these funds in various departments. This includes Capital Investments appraisal, understanding various components of Working Capital.

Learning Outcome

Appreciate the importance of effective financial planning and its impact on profitability

Explain the nature and concept of corporate finance

Understanding the Basics Principles of Accounting

Fundamentals of Financial Statements - Balance sheet, Income statement, and Statement of Cash flow

Obtain an overview of the financial statements and management reports to evaluate the company’s performance

Understanding the Sources of Funding, Capital Structure and Cost of Capital

Take sound investment decisions based on proper appraisal

Understand cost behaviour and its effect on financial planning

Provide detailed analysis and observations on the results of individual business units

Understand various types of budgets and use the one most suited to the organization

Use financial modeling to forecast the profitability and cash flows with sensible assumptions

Understand the different components of working capital and reduce the Cash conversion cycle

Get equipped to manage and control budgets and forward plans

Understand the best practice of financial planning and management

Program Outline

Module 1: Introduction to Strategic Business Planning

Module 2: Understanding Corporate Finance

Module 3: Fundamentals of Accounting & Understanding Financial Statement

Module 4: Organizational Performance Measurement: Financial Statement Analysis

Module 5: Financial Analysis of Capital Investments and Strategic Initiatives

Module 6: Strategic Cost Management

Module 7: Planning, Budgeting and Controlling

Course Summary & Wrap Up – Developing your Action Plan

Who Should Attend:

1. Senior executives, Members of management committees

2. Professionals associated with the finance function

3. Non-finance professionals who want to increase their knowledge of financial language, communicate with other finance professionals, and understand the financial aspects of business

4. Shareholders and business owners eager to learn the fundamentals of financial planning

Methodology

This stimulating program will maximize understanding and learning through Interactive Lectures, Course notes, Videos, Learning Assessments after every module