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Finance Planning and Budget Management

Short Course by Institute of Attitudinal Change Managers

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On-Site / Short Course

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Benin City 7 Eguadase Street (3rd Floor), Off Akpakpava Road, Benin City, Edo, Nigeria

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This Institute of Attitudinal Change Managers Financial Planning and Budgeting Training course is designed to enable delegates to make corporate financial decisions in an increasingly volatile international marketplace with the view to increase profitability, maintain liquidity and reduce financial risk is a challenge for all organizations regardless of their sizes.

This IACM training seminar is designed to enable delegates to understand the critical aspect of corporate decision making and enhance their knowledge from the development of a strategic corporate financial plan, the raising of finance, the preparation and management of budgets to support the plan, the management of financial risk and ultimately the measurement and evaluation of performance.

Corporate planning, budgeting and control are essential in modern organizations. Effective planning, budgeting and control lead companies to their Mission, Vision and Goals.

This IACM training seminar will highlight:

The Concept of Agency TheoryRisk Management Managing and Controlling Cash FlowTime-adjusted Valuation MethodsFinancial ProjectionsSWOT Analysis

Objectives

The objectives of this IACM training course are to provide delegates with the necessary tools and techniques to enable them to:

Evaluate the various methods of finance and make successful capital investment decisions Develop effective corporate financial plans aimed at maximising return and minimising risk Prepare, manage and control budgets to support the corporate financial plansIdentify and manage financial risk effectivelyMeasure and manage performance effectivelyCreate opportunities for your personal development and increased financial awareness

Outline

DAY 1

Corporate Financial Planning
Strategic PlanningThe Objective of the Firm
– Meeting Shareholder & Stakeholder ObjectivesAgency Theory
– The Relationship between Shareholders & ManagementCreative Accounting and the Case of EnronFinancial Management & Financial Planning
– The Scope, Role & Responsibilities of Financial ManagementPreparing a Financial Plan
– The Master BudgetForecasting Future Cash-flows and Financial ModellingTime Series Analysis, Correlation & Regression
DAY 2

Financing the Plan
Sources of Finance
– Long Term & Short TermEvaluation of the Types of Finance
- Equity vs. Debt FinanceHybrid Finance & Financial Engineering The Dividend DecisionThe Cost of Capital and Weighted Average Cost of Capital (WACC)Capital Asset Pricing Model (CAPM)Accounting Rate of Return (ARR)Net Present Value (NPV), Internal Rate of Return (IRR) Capital Rationing & Payback
DAY 3

Preparing & Managing Budgets to Support the Financial PlansDefinition of Budgets, the Budgetary Process and Budgetary ControlTypes of Budgets-Fixed, Flexible, Incremental and Zero BasedThe Purpose / Benefits & Problems / Limitations of BudgetsSetting / Implementing Effective Budgets - Eliminating the ProblemsResponsibility Accounting and Absorption CostingActivity-Based Budgeting / Costing (ABB, ABC)Variance Analysis, Cost Behaviour, Break Even Analysis & Sensitivity / What If AnalysisWhat-If Analysis combined with Du-Pont Analysis
DAY 4

Managing and Controlling Cash Flow to Support the Financial PlanCash vs. Profit & The Cash Conversion CycleCalculating and Managing the Cash flow CycleCash Flow RatiosWorking CapitalThe Cost of Maintaining Working CapitalMaintaining the Optimum Level of Working CapitalWorking Investment RatiosPreparing a Monthly Cash Flow Forecast
DAY 5

Managing Financial Risk
Risk Management & Types of RiskIdentifying Risk – SWOT AnalysisThe Major Quantitative & Qualitative Risks Facing CompaniesEstablishing a Risk Management StrategyFinancial Risk Management & Hedging TechniquesManaging Exchange Rate & Interest Rate RiskDerivatives-Forwards, Futures, Options & SwapsRisk Management Glossary of Terms

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The Institute of Attitudinal Change Managers is a Professional Institute, established in 2014 under CAM Act 1999 and approved by Federal Ministry of Education. Its objective is to bridge skills gap and positive mindset to fulfill desired change in our Nation.

Institute of Attitudinal change managers (IACM) is a reputable firm of Training and Management Consultants with many years of corporate training experience in Finance, Accounting, Auditing, Banking, Management, Information Technology, Oil and Gas Sector, Security, Engineering, Public Relations, Secretarial Studies, Leadership, Marketing and other fields of human endeavour.

We are the leading players in the profession in Niger Delta region of Nigeria. Our firm, a multi-disciplinary one with highly talented, experienced and dedicated partners and staff who have experiences in different facets of working life was established in 2014.

We offer a wide range of professional services, which covers audits, accounting, finance, taxation, ICT, security, human resources management, secretarial and consultancy services in all ramifications.

The vast majority of our clients attest to the high quality services we offer which contribute in no small measure in ensuring sound and efficient management of their resources. ...

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Financial Management