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Course Schedule
Classroom Sessions:
Date Venue Fees
18 - 29 Dec 2023 Paris - France $11,900
16 - 27 Dec 2024 Paris - France $11,900
Course Description


This training course is split into two modules:

MODULE I - Budgeting For Performance Management

MODULE II - Financial Analysis, Planning & Control

Each module is structured and can be taken as a stand-alone training course; however, delegates will maximise their benefits by taking Module 1 and 2 back-to-back as a 2-week training course.

Course Outline
Module 1: Budgeting For Performance Management


Budgeting and Business Performance Management

  • Creating value for key organisational stakeholders
  • Business Performance Management (BPM) frameworks
  • The fundamentals of competitive strategy
  • The vital role of budgeting and cost management in BPM
  • Principles of financial and management accounting
  • Key financial measures of value creation
  • Using strategy maps to integrate non-financial measures


Cost Planning and Cost Management

  • Defining and understanding cost behaviour
  • The role of costing in performance management
  • Traditional costing: absorption costing
  • Traditional costing: marginal costing and break-even analysis
  • Traditional costing: standard costing control frameworks
  • Developments in costing: Target and Kaizen costing
  • Developments in costing: Activity Based Costing (ABC)
  • A strategic approach to cost management and reduction


Steps and Techniques in Budget Preparation

  • Forecasting techniques for budgeting
  • Business Intelligence and budgeting
  • Diagnostic and predictive analytics for budgeting
  • Statistical tools and techniques in sales forecasting
  • Statistical tools and techniques for cost forecasting
  • Steps in the budgeting process
  • Budgeting and managing capital expenditure (CapEx)
  • Cash flow forecasting and budgeting
  • Styles and approaches to budgeting
  • Human and behavioural aspects of budgeting


Using Budgets to Monitor and Manage Performance

  • Principles of Responsibility Accounting
  • Variance analysis and performance management
  • Standard costing and cost management
  • Using data analytics to find the root cause of variances
  • Data visualisation techniques for financial reports
  • Designing budget reports
  • Dashboards and their use in performance management
  • Designing tactical dashboards for budget management


Beyond Budgeting to Adaptive Management

  • Shortcomings of traditional approaches to budgeting
  • Beyond Budgeting case study
  • Moving towards decentralised performance management
  • Replacing budgets with rolling forecasts
  • Using key driver forecasts for risk management
  • Using balanced scorecard to manage Key Performance Indicators
  • Why traditional budgeting still has a key role to play
Module 2: Financial Analysis, Planning & Control


The Challenge of Financial Economic Decision-Making

  • The Practice of Financial / Economic Analysis
  • The Value-creating Company
  • Corporate Value and Shareholder Value
  • A Dynamic Perspective of Business
  • The Agency Problem and Corporate Governance
  • What information and data to use?
  • The Nature of Financial Statements
  • The Context of Financial Analysis and Decision-making


Assessment of Business Performance

  • Ratio Analysis and Business Performance
  • Management’s Point of View
  • Owners’ Point of View
  • Lenders’ Point of View
  • Ratios as a System – Pyramids of Ratios
  • Integration of Financial Performance Analysis
  • Economic Value Added (EVA)
  • Predicting Financial Distress and Z-score Model


Analysis of Investment Decisions

  • Applying Time-adjusted Measures
  • Net Present Value (NPV) and Internal Rate of Return (IRR)
  • Modified Internal Rate of Return (MIRR)
  • Strategic Perspective
  •  EVA and NPV
  • Refinements of Investment Analysis
  • Equivalent Annual Cost (EAC)
  • Sensitivity Analysis, Scenario Analysis, Simulation, and NPV Break-even
  • Dealing with Risk and Changing Circumstances


Projection of Financial Requirements

  • Interrelationship of Financial Projections
  • Operating Budgets
  • Standard Costing and Variance Analysis
  • Cash Forecasts and Cash Budgets
  • Sensitivity Analysis
  • Dynamics and Growth of the Business System
  • Operating Leverage
  • Financial Growth Plans
  • Financial Modelling

DAY 10

Valuation and Business Performance

  • Managing for Shareholder Value
  • Shareholder Value Creation in Perspective
  • Evolution of Value-based Methodologies
  • Creating Value in Restructuring and Combinations
  • Financial Strategy in Acquisitions
  • Business Valuation
  • Business Restructuring and Reorganisations
  • Management Buy Outs (MBOs) and Management Buy Ins (MBIs)
Providers and Associations

In Association With

Oxford Management Centre

Oxford Management Centre

A GLOMACS - Oxford Management Centre collaboration aimed at providing the best training services and benefits to our valued clients.

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