Financial Analysis, Planning & Controlling Budgets Course Verified listing

Course Overview

This comprehensive 5-day course provides participants with the essential tools and techniques for effective financial analysis, planning, and budget control. This course is designed to enhance the financial management skills of professionals, enabling them to make informed decisions that align with their organization's strategic goals. Through a blend of theoretical insights and practical exercises, participants will learn to analyze financial statements, plan budgets, and implement control mechanisms to ensure financial efficiency and accountability.

Course Duration

5 Days

Who Should Attend

Financial managers and analysts
Budget officers and planners
Accountants and auditors
Business owners and entrepreneurs
Department heads and project managers
Professionals involved in financial decision-making and budget management

Course Objectives

By the end of this course, participants will be able to

Understand the principles and practices of financial analysis and budget planning.
Analyze and interpret financial statements to assess an organization’s financial health.
Develop realistic and strategic budgets aligned with organizational objectives.
Implement effective budgetary controls to monitor and manage financial performance.
Use various financial analysis tools and techniques to make informed business decisions.
Communicate financial information clearly and effectively to stakeholders.

Course Outline:

Module 1: Introduction to Financial Analysis

Overview of financial statements (Income Statement, Balance Sheet, Cash Flow Statement)
Financial ratio analysis (Liquidity, Solvency, Profitability ratios)
Trend analysis and comparative financial statements
Case study: Analyzing real-world financial statements

Module 2: Budget Planning and Preparation

Importance of budgeting in financial management
Types of budgets (Operating, Capital, Cash Budgets)
Steps in the budgeting process
Developing a budget from scratch
Budgeting software and tools

Module 3: Controlling Budgets and Financial Performance

Budgetary control systems and techniques
Variance analysis (Calculating and interpreting variances)
Implementing corrective actions for budget variances
Cost control strategies and methods
Case study: Implementing budget controls in a project

Module 4: Advanced Financial Analysis Techniques

Break-even analysis and cost-volume-profit analysis
Scenario planning and sensitivity analysis
Forecasting techniques and models
Financial modeling basics
Practical exercise: Building a financial model

Module 5: Strategic Financial Planning and Communication

Aligning financial plans with strategic goals
Long-term financial planning and capital budgeting
Communicating financial plans and performance to stakeholders
Reporting and presentation skills for financial data
Developing and presenting a financial plan