This GLOMACS Mastering Finance, Budgeting and Performance Measurement training course provides an understanding of the essential fundamentals of corporate finance, strategy, financial management, budgeting and costing. Contemporary practical examples are presented together with the theoretical principles to make the theory come to life. The overriding objective of this GLOMACS Mastering Finance, Budgeting and Performance Measurement training course is to present a number of integrated and powerful principles and best practices to help develop analytical skills and the decision-making capacity of the participants.
This Mastering Finance, Budgeting and Performance Measurement training course will enable you to:
Appreciate the importance of using the appropriate financial strategy to create shareholder value above market expectations
Consider how corporate behavior impacts on achievement of corporate objectives, and the importance of corporate governance
Understand financial strategy relating to stages of corporate development and capital structure
Use and evaluate the various techniques of capital investment appraisal
Effectively manage cash and working capital to reduce costs and improve cash flow
Master the finance and accounting jargon to understand business processes
Cost analysis for budgeting purposes and decision-making
Financial and operational measures to support the budgeting process
Best practices to manage organizational performance
Link strategy to costing and performance evaluation
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.
Objectives
At the end of this Mastering Finance, Budgeting and Performance Measurement training course, delegates will be able to:
Use and evaluate the various techniques of capital investment appraisal
Develop appropriate financial strategies
Relate financial strategy to business strategy
Effectively manage cash and working capital to reduce costs and improve cash flow
Master traditional techniques and recent best practices
Link finance and operation for budgeting purposes and strategy execution
Understand and manage an efficient costing system
Learn how to build a comprehensive performance measurement system
Training Methodology
A mixture of exercises and real life case studies, examples and videos make this a lively and interesting Finance & Budgeting training course. There is a strong emphasis on practical application of the ideas within the delegates’ organization. Delegates are encouraged to complete a learning and action plan to focus them on and help them to apply their new knowledge and skills.
Organisational Impact
Implement appropriate measures that can add value to the organization
Appreciate the importance of selecting the appropriate financial strategy to maximize shareholder value
Consider risk and its impact on company financing
Evaluate the cost of equity and the cost of debt capital
Look at capital structure and financial strategy in terms of the life cycle of the business, and the Weighted Average Cost of Capital (WACC)
Consider the appropriate financial strategies for use in mergers, acquisitions, restructuring and reorganizations, and appropriate takeover bid defenses
Develop a better cost management system
Design a comprehensive performance measurement system
Link strategy, budgeting and costing
Personal Impact
Participants will be able to further develop their personal management skills by being able to:
Make more informed and improved management decisions
Consider why corporate objectives may not always be achieved and what may be done to eliminate dysfunctional corporate behavior and align corporate goals
Understand how to measure their own contribution to the creation of value for the shareholders of the business
Appreciate why some financial strategies are more effective than others with regard to value creation
Use the financial tools available for effective management of working capital
Provide knowledge that can be shared amongst other departments of the company
Master cost analysis
Link costing with budgeting and performance measurement
Understand the multiple dimension of performance through the balanced scorecard
Who Should Attend?
Finance Executive and Financial Professionals involved in the development and delivery of financial strategy
Junior Executives and Financial Professionals seeking career advancement and development
Senior and Experienced Professionals and Finance Professionals seeking either CPD or a valuable and stimulating “refresher”
Course Outline
Module I - Financial Strategy
DAY 1
Business and Financial Strategy – The Vital Link
The Purpose and Goals of the Firm
The Aims and Principles of Competitive Strategy
The Role of Financial Strategy in Business Success
Tools for Strategic Analysis and Strategy Development
Building a Winning Business Model
Implementing an Effective Performance Management System
Financial Planning: Budgeting and Beyond
DAY 2
Financial Performance Management
Understanding, Analysing and Interpreting Financial Statements
Agency Theory and Its Impact on The Firm’s Goals
Investor and Stock Market Behaviour: Share Price Drivers
Key Concepts in Measuring Shareholder Value
Understanding Cost Behaviour and Profit
Measuring and Improving Return On Investment
A Strategic Approach to Cost Reduction
Managing and Improving Shareholder Value
DAY 3
Funding Strategy and Liquidity Management
Sources of Business Finance: Equity and Debt
Financial Gearing – Risk and Impact on Profitability
Calculating Company Cost of Capital and Its Implications
Optimum Capital Structure: Theory and Practice
Cash Flow and Liquidity Management
Designing and Building Financial Models in Excel
Financial Model Application: Cash Flow Forecasting
Predicting Corporate Distress and Failure
DAY 4
Capital Investment Strategy
Capital Investment Management
Using the Discounted Cash Flow (DCF) Tools in Excel
Tools for Capital Investment Appraisal and Decision-making
Financial Model Application: Capital Investment Appraisal Analysis
Risk Management Strategy
An Integrated Approach to Risk Management
Tools for Identifying and Analyzing Business Risk
Using Financial Instruments to Manage Financial Risk
Decision-making under Conditions of Risk
DAY 5
Corporate Governance: Defending and Growing the Business
Purpose and Principles of Corporate Governance
Long-term Business Growth Strategies
Why even great companies can fail?
Understanding Business Model Disruption
Innovation Killers
Mergers and Acquisitions
Business Restructuring and Reorganization
Module II - Business Financial & Accounting Skills
DAY 6
Management and Financial Accounting: Key Concepts and Terminology
Identify the Major Differences and Similarities between Financial and Managerial Accounting
Understand The Role of Management Accountants in an Organization
Linking Strategy to Planning and Costing
The Key Role of Budgeting and Cost Control in Contemporary Organizations
Towards a Cross-Functional Process-View of the Organization
Understand Your Processes: Integrating Financial and Non-financial aspects
Understanding The Financial Statements
Video, Examples & Discussions
DAY 7
Cost Analysis
What is Costing?
Cost Concepts and Terminology
Different Costs For Different Purposes
Fixed vs. Variable Costs: The Cost-Volume-Profit Analysis Model
Contribution Margin Analysis
Manufacturing vs. Non-manufacturing Costs
Period vs. Product costs: Inventory Evaluation and Control
Case Study
DAY 8
Traditional vs. Advanced Techniques in Cost-control
Under-costing and Over-costing: The Consequences for Profitability
How to refine a Costing System?
Indirect vs. Direct Costs
Traditional Cost Allocations Systems vs. Activity-Based Costing
Cost Hierarchy & Cost Drivers
Linking Resources, Activities and Management
Introducing Activity-Based Budgeting and Management
Video, Case Study and Examples
DAY 9
Budgeting: Flexible Budgets and Variance Analysis
The Role of Budgeting
Define the Master Budget and Explain Its Major Benefits to An Organization
Describe The Difference between A Static Budget and A Flexible Budget
Compute Flexible-budget Variances and Sales-volume Variances
Discuss the Behavioral Implication of Budgeting
The Budgeting Process in Your Organization: How to improve it?
Which tools shall we use to complement Budgeting and Costing?
Problems, Case Study and Exercises
DAY 10
Measuring Corporate Performance: The Balanced Scorecards and Six-Sigma
Broadening Performance Measurement Systems
The Key Role of Customer Satisfaction and Business Process Re-engineering
Beyond Budgeting: Integrating Financial and Non-financial Issues
Introducing The Balanced Scorecard
The Key Perspectives
Introducing The Strategy Maps
Introducing Six-Sigma
Video, Case Study and Examples
Certificates
On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates
Continuing Professional Education credits (CPE) : In accordance with the standards of the National Registry of CPE Sponsor, one CPE credit is granted per 50 minutes of attendance
Providers and Associations
Endorsed Education Provider
GLOMACS is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org
In Association With
Oxford Management Centre
A GLOMACS - Oxford Management Centre collaboration aimed at providing the best training services and benefits to our valued clients.
Mastering Finance, Budgeting and Performance Measurement
Financial Strategy & Accounting Skills
Upcoming Dates
Code
Date
Venue
Fees
FI047
10 - 21 Jul 2023
Dubai - UAE
$11,900
FI047
28 Aug - 08 Sep 2023
London - UK
$11,900
FI047
16 - 27 Oct 2023
Dubai - UAE
$11,900
FI047
20 Nov - 01 Dec 2023
London - UK
$11,900
Introduction
This GLOMACS Mastering Finance, Budgeting and Performance Measurement training course provides an understanding of the essential fundamentals of corporate finance, strategy, financial management, budgeting and costing. Contemporary practical examples are presented together with the theoretical principles to make the theory come to life. The overriding objective of this GLOMACS Mastering Finance, Budgeting and Performance Measurement training course is to present a number of integrated and powerful principles and best practices to help develop analytical skills and the decision-making capacity of the participants.
This Mastering Finance, Budgeting and Performance Measurement training course will enable you to:
Appreciate the importance of using the appropriate financial strategy to create shareholder value above market expectations
Consider how corporate behavior impacts on achievement of corporate objectives, and the importance of corporate governance
Understand financial strategy relating to stages of corporate development and capital structure
Use and evaluate the various techniques of capital investment appraisal
Effectively manage cash and working capital to reduce costs and improve cash flow
Master the finance and accounting jargon to understand business processes
Cost analysis for budgeting purposes and decision-making
Financial and operational measures to support the budgeting process
Best practices to manage organizational performance
Link strategy to costing and performance evaluation
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 two-week training course.
Objectives
At the end of this Mastering Finance, Budgeting and Performance Measurement training course, delegates will be able to:
Use and evaluate the various techniques of capital investment appraisal
Develop appropriate financial strategies
Relate financial strategy to business strategy
Effectively manage cash and working capital to reduce costs and improve cash flow
Master traditional techniques and recent best practices
Link finance and operation for budgeting purposes and strategy execution
Understand and manage an efficient costing system
Learn how to build a comprehensive performance measurement system
Training Methodology
A mixture of exercises and real life case studies, examples and videos make this a lively and interesting Finance & Budgeting training course. There is a strong emphasis on practical application of the ideas within the delegates’ organization. Delegates are encouraged to complete a learning and action plan to focus them on and help them to apply their new knowledge and skills.
Organisational Impact
Implement appropriate measures that can add value to the organization
Appreciate the importance of selecting the appropriate financial strategy to maximize shareholder value
Consider risk and its impact on company financing
Evaluate the cost of equity and the cost of debt capital
Look at capital structure and financial strategy in terms of the life cycle of the business, and the Weighted Average Cost of Capital (WACC)
Consider the appropriate financial strategies for use in mergers, acquisitions, restructuring and reorganizations, and appropriate takeover bid defenses
Develop a better cost management system
Design a comprehensive performance measurement system
Link strategy, budgeting and costing
Personal Impact
Participants will be able to further develop their personal management skills by being able to:
Make more informed and improved management decisions
Consider why corporate objectives may not always be achieved and what may be done to eliminate dysfunctional corporate behavior and align corporate goals
Understand how to measure their own contribution to the creation of value for the shareholders of the business
Appreciate why some financial strategies are more effective than others with regard to value creation
Use the financial tools available for effective management of working capital
Provide knowledge that can be shared amongst other departments of the company
Master cost analysis
Link costing with budgeting and performance measurement
Understand the multiple dimension of performance through the balanced scorecard
Who Should Attend?
Finance Executive and Financial Professionals involved in the development and delivery of financial strategy
Junior Executives and Financial Professionals seeking career advancement and development
Senior and Experienced Professionals and Finance Professionals seeking either CPD or a valuable and stimulating “refresher”
SEMINAR OUTLINE
Module I - Financial Strategy
DAY 1
Business and Financial Strategy – The Vital Link
The Purpose and Goals of the Firm
The Aims and Principles of Competitive Strategy
The Role of Financial Strategy in Business Success
Tools for Strategic Analysis and Strategy Development
Building a Winning Business Model
Implementing an Effective Performance Management System
Financial Planning: Budgeting and Beyond
DAY 2
Financial Performance Management
Understanding, Analysing and Interpreting Financial Statements
Agency Theory and Its Impact on The Firm’s Goals
Investor and Stock Market Behaviour: Share Price Drivers
Key Concepts in Measuring Shareholder Value
Understanding Cost Behaviour and Profit
Measuring and Improving Return On Investment
A Strategic Approach to Cost Reduction
Managing and Improving Shareholder Value
DAY 3
Funding Strategy and Liquidity Management
Sources of Business Finance: Equity and Debt
Financial Gearing – Risk and Impact on Profitability
Calculating Company Cost of Capital and Its Implications
Optimum Capital Structure: Theory and Practice
Cash Flow and Liquidity Management
Designing and Building Financial Models in Excel
Financial Model Application: Cash Flow Forecasting
Predicting Corporate Distress and Failure
DAY 4
Capital Investment Strategy
Capital Investment Management
Using the Discounted Cash Flow (DCF) Tools in Excel
Tools for Capital Investment Appraisal and Decision-making
Financial Model Application: Capital Investment Appraisal Analysis
Risk Management Strategy
An Integrated Approach to Risk Management
Tools for Identifying and Analyzing Business Risk
Using Financial Instruments to Manage Financial Risk
Decision-making under Conditions of Risk
DAY 5
Corporate Governance: Defending and Growing the Business
Purpose and Principles of Corporate Governance
Long-term Business Growth Strategies
Why even great companies can fail?
Understanding Business Model Disruption
Innovation Killers
Mergers and Acquisitions
Business Restructuring and Reorganization
Module II - Business Financial & Accounting Skills
DAY 6
Management and Financial Accounting: Key Concepts and Terminology
Identify the Major Differences and Similarities between Financial and Managerial Accounting
Understand The Role of Management Accountants in an Organization
Linking Strategy to Planning and Costing
The Key Role of Budgeting and Cost Control in Contemporary Organizations
Towards a Cross-Functional Process-View of the Organization
Understand Your Processes: Integrating Financial and Non-financial aspects
Understanding The Financial Statements
Video, Examples & Discussions
DAY 7
Cost Analysis
What is Costing?
Cost Concepts and Terminology
Different Costs For Different Purposes
Fixed vs. Variable Costs: The Cost-Volume-Profit Analysis Model
Contribution Margin Analysis
Manufacturing vs. Non-manufacturing Costs
Period vs. Product costs: Inventory Evaluation and Control
Case Study
DAY 8
Traditional vs. Advanced Techniques in Cost-control
Under-costing and Over-costing: The Consequences for Profitability
How to refine a Costing System?
Indirect vs. Direct Costs
Traditional Cost Allocations Systems vs. Activity-Based Costing
Cost Hierarchy & Cost Drivers
Linking Resources, Activities and Management
Introducing Activity-Based Budgeting and Management
Video, Case Study and Examples
DAY 9
Budgeting: Flexible Budgets and Variance Analysis
The Role of Budgeting
Define the Master Budget and Explain Its Major Benefits to An Organization
Describe The Difference between A Static Budget and A Flexible Budget
Compute Flexible-budget Variances and Sales-volume Variances
Discuss the Behavioral Implication of Budgeting
The Budgeting Process in Your Organization: How to improve it?
Which tools shall we use to complement Budgeting and Costing?
Problems, Case Study and Exercises
DAY 10
Measuring Corporate Performance: The Balanced Scorecards and Six-Sigma
Broadening Performance Measurement Systems
The Key Role of Customer Satisfaction and Business Process Re-engineering
Beyond Budgeting: Integrating Financial and Non-financial Issues
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