Financial Management, Planning and Control Budgets
It provides an understanding of the various aspects of an organization from a calculative aspect to other related practices in the organization. The key element of the course is the focus on the practical application of financial models and analysis, which are used to assess the strategic and operational positions of the organization.
Course Objectives:
- Plan more effectively for the future
- Use the financial techniques of planning and control
- Improve performance from the use of the tools of financial analysis
- Link planning and budgeting with costing and performance measurement
- Master the skills of budgetary and cost control
- Understand how reliable are available financial data, and how is uncertainty and risk likely to impact on the outcomes of decisions
Expand their financial knowledge, develop and manage the financial aspects of their role more effectively, and enhance their performance - Increase their self-confidence in dealing with financial issues and financial professionals.
- Understand how financial considerations help to support an organisations’ strategic decisions
- Appreciate how such decisions may affect their own departments or business units, as well as their companies
- Acquire the ability, when involved in decisions about investment, operations, or financing, to choose the most appropriate tools from the wide variety of financial techniques available to provide a quantitative analysis
- Understand strategic planning and budgeting.
Link finance and operations for budgeting purposes and strategy execution - Learn how to build a comprehensive performance measurement system
- Learn costing and budgeting terminology used in business
- Understand the importance of a well-defined costing and budgeting process
- Understand cost behavior more accurately
- Be able to perform and interpret variance analysis