FM0209 : Planning & Budgeting for Managers

This course is designed to provide participants with a detailed and up-to-date knowledge on Planning & Budgeting for Managers. It covers the fundamentals of planning, strategic planning, operational planning and tactical planning; the operating budgeting, capital budgeting and cash flow budgeting; the planning and budgeting cycle; aligning planning with organizational goals; the forecasting techniques, strategic planning, operational planning and risk management in planning; the resource allocation and integrating planning with performance management; the steps in budget preparation by gathering information and assumptions and drafting budget proposals; and the budgeting methods, capital budgeting, operating budgets and cash flow management.
During this interactive course participants will learn the budgetary control, financial statements and balance sheets, income statements and cash flow statements; the financial ratios and analysis, cost-benefit analysis and reporting and communication; using Excel for budgeting and planning and the strategies for successful budget implementation; monitoring budget performance and the effectiveness of budget plans; the continuous improvement initiations; and the role of managers in planning and budgeting.