Budgeting, Planning & Financial Reporting Masterclass

Introduction

This GLOMACS Budgeting, Planning & Financial Reporting Masterclass training course is focused on some of the most important elements key to attaining organizational excellence and creating real business value. Most companies recognize that the profitable growth that drives business value can only be consistently achieved and sustained when a competitive advantage can be employed in a compelling business strategy that can be put into action through a functional business model. But in the challenging and dynamic world of the 21st century it is also critically important to be able to use the right tools within an effective performance management framework in order to execute, control and adapt this strategy in response to the ever present threat of business model evolution and disruption.

This Budgeting, Planning & Financial Reporting Masterclass training course deals comprehensively with all of the important aspects of the strategic and tactical forecasting and planning processes that can provide an organizational “roadmap to success’, it identifies the most relevant cost analysis techniques to support cost management and strategic cost reduction, the training course also provides an in depth view of financial reporting under the IFRS framework and its application in providing powerful integrated management reports that can support the control and adaption of organizational strategy.

This Budgeting, Planning & Financial Reporting Masterclass training course will highlight:

• Principles and techniques off strategic and budget planning
• Planning, executing, controlling and adapting strategy
• Essentials of cost analysis, control and reduction
• Comprehensive guide to financial reporting
• Designing management reports, dashboards and presentations

Modules

This training course is split into the following modules:

Module I - Budgeting, Planning & Management Reporting

Module II - Financial Accounting & Reporting

Objectives

This GLOMACS training course has been designed to provide you with up to date knowledge and practical skills in strategic and tactical planning, and financial reporting.

At the end of this Budgeting, Planning & Financial Reporting Masterclass training course, you will have learned to:

• Use budgets to manage strategic execution
• Employ up-to-date techniques in cost analysis and control
• Prepare and present effective financial reports
• Combine non-financial KPIs in management dashboards
• Apply planning and reporting to improve decision-making

Training Methodology

This training course will be structured as a highly participative workshop with formal presentations, case studies and interactive worked examples. Relevant examples and case studies are provided to illustrate the application of each of the topics covered, and opportunities are provided to learn and apply the key principles using practical examples and exercises

Organisational Impact

The organization will benefit from the development and practical application of advanced skills in forecasting, planning and reporting, within a framework to facilitate the execution, control and adaption of business strategy, specific benefits for the organization will include:

• Improved planning and forecasting resources
• Access to up-to-date cost analysis and control techniques
• High quality management reports and dashboards
• Effective integration of key financial and non-financial metrics
• Improved organizational decision-making

Personal Impact

Delegates will benefit from updated knowledge and practical skills in planning, forecasting and reporting that will allow them to make a greater contribution to the development and improvement of corporate management whilst at the same time enhancing their own career development potential.

Specific benefits from this Budgeting, Planning & Financial Reporting Masterclass  training course will include:

• Improved planning, budgeting and forecasting skills
• Application of advanced cost analysis and control methods
• Comprehensive update on IFRS reporting
• Usable skills in designing reports and dashboards in Excel
• Tips on designing and presenting effective reports