Mastering Finance, Budgeting and Performance Measurement

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

Modules

This training course is split into the following modules:

Module I - Financial Strategy

Module II - Business Financial, Budgeting & Accounting Skills

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