EFFECTIVE BUDGETING AND CASH FLOW PLANNING Many organizations use budgeting and forecasting as a means of providing and updating tactical operating plans and controlling costs; but world-class organizations use these, and other powerful tools, within a framework specifically designed to develop and execute business strategy and manage organizational performance. But most managers are trained for their functional roles, not for finance. Yet every manager is expected to understand finances well enough to make realistic budgets, manage cash, and hit his or her targets. This power-packed training course will provide you with the skills and tools to do this, with the aim of achieving your organization’s overall goals. Course Objectives Learn the steps involve in business planning Learn how to produce the business plan Understand the budget planning process, preparation , review and control Implement and administer company successfully Use the budget to management actions and decision and translate organization values into business target Learn the major weaknesses and alternative techniques to traditional budgeting Recognize the importance of human behaviour affecting the budget Course Details Trainer : Kenneth Tam Fook Cheong Date : 16-17 Mar 2017 (2 days) Venue : Amcorp Mall, Petaling Jaya Scheme : PSMB - SBL Who’s Suitable for this? Finance/Accounts Department: Senior Executives, HODs, GMs, and Accountant. Methodology The program will use a range of interactive activities-group and individual exercises, case studies and discussions. The aim is to provide a focus for action that will maximise learning. The approach used is “Experiential Leaning’’ Individual Price RM1, 650 per pax (exclusive 6%GST) Group Discount (3pax and above) RM1, 500 per pax (exclusive 6% GST) Early Bird Price (Before 17 Feb’17) RM1, 402.50 per pax (exclusive 6% GST) EARLY BIRD DISCOUNT Get 15% off if you sign up before 17 Feb 2017
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EFFECTIVE BUDGETING AND
CASH FLOW PLANNING
Many organizations use budgeting and forecasting as a means of providing
and updating tactical operating plans and controlling costs; but world-class
organizations use these, and other powerful tools, within a framework
specifically designed to develop and execute business strategy and
manage organizational performance.
But most managers are trained for their functional roles, not for
finance. Yet every manager is expected to understand finances well
enough to make realistic budgets, manage cash, and hit his or her
targets. This power-packed training course will provide you with the skills
and tools to do this, with the aim of achieving your organization’s overall
goals.
Course Objectives
Learn the steps involve in business planning
Learn how to produce the business plan
Understand the budget planning process, preparation , review
and control
Implement and administer company successfully
Use the budget to management actions and decision and
translate organization values into business target
Learn the major weaknesses and alternative techniques to
traditional budgeting
Recognize the importance of human behaviour affecting the
budget
Course Details
Trainer : Kenneth Tam Fook Cheong
Date : 16-17 Mar 2017 (2 days)
Venue : Amcorp Mall, Petaling Jaya
Scheme : PSMB - SBL
Who’s Suitable for this?
Finance/Accounts Department:
Senior Executives, HODs, GMs, and
Accountant.
Methodology
The program will use a range of interactive
activities-group and individual exercises,
case studies and discussions. The aim is to
provide a focus for action that will maximise
learning. The approach used is “Experiential
Leaning’’
Individual Price
RM1, 650 per pax (exclusive 6%GST)
Group Discount (3pax and above)
RM1, 500 per pax (exclusive 6% GST)
Early Bird Price (Before 17 Feb’17)
RM1, 402.50 per pax (exclusive 6% GST)
EARLY BIRD DISCOUNT
Get 15% off if you sign up before 17 Feb 2017
Course Outline
Module 1 - Importance of Planning Framework in
Budgeting Process
Business Assessment
Assess Positioning in the Industry
Segmentation Analysis
Issues Identification
Module 2 - How to Evaluate Strategy Option
Generate Strategy Option
Evaluate Strategy
Value Creation Analysis
Compute Economy Earning for each Option
Selection of Strategy based on best value
Develop Business Plan
Module 3 - Budgeting Framework
Develop Budget Guideline and Time-Table
Develop Realistic and Budget Assumption
How to Prepare Operating Expenses
Centralised and Decentralised Budget
Budget Review Process
Module 4 - How to Develop Functional Budget
Sales Forecasting Techniques
Industry Indicator
Sales and Production Budget
Inventory Budget
Manpower Budget in Headcount and Cost
Common Overhead Allocation
Day 1 and Day 2 Timing
Class Time: 0900 – 1700
Break: 1015 – 1030 / 1515 – 1530
Lunch: 1300 – 1400
Module 5 - Types of Budget System
Fixed and Flexible Budget
Rolling Budget
Incremental Budget
Zero-Based Budgeting
Supplementary Budget
Module 6 - Cash Flow Forecasting
Percentages of Sales Method
Based on Budgeted Accounting ratio on Receivable
and Payable
Schedule Payment of Tax, Dividend, Loan
Repayment and Interest Charges
Module 7 - Capital Evaluation Techniques
Payback Period
Net Present Value
Internal Rate of Return
Profitability Index
Inflation Impact
Tax Consideration
Module 8 - Importance of Responsibility Accounting
and Variance Reporting
Management Buy-In
Top-Down vs Bottom Up
Behavioural Aspect
Cost Variance to Individual Cost Centre
Corrective Action to Improve Cost Efficiency
Trainer Profile
Kenneth Tam Fook Cheong
Fellow Member of Chartered Association Of Certified Public Accountant (FCCA)
Associate Member Of Institute Chartered Of Management Accountant (ACMA)
Kenneth Tam is a fellow member of the Chartered Association of Certified Accountants, UK and associate member of the
Chartered Institute of Management Accountants, UK. He is also a member of the Malaysia Institute of Accountants, holds a
certificate IV in Assessment and Workplace Training awarded by TAFE SA from Australia and is a certified PSMB trainer.
He started his career in 1975 as an auditor in a medium-sized audit firm and later jointed National University of Malaysia as a
Financial Accountant. He spent the next 20 years with Petronas where he undertook various roles within the group in the
areas of strategic planning, corporate planning, financial reporting, project and property management and other finance
related matters.
Currently, he serves as learning and training consultant for various training consultancies, training providers and facilitates
workshop sessions for professional and accountancy bodies as well as a local counsellor for a MBA program (finance module).
He also serves as an independent non-executive director for two companies listed on Bursa Malaysia.
Kenneth is well known for his programs on Goods and Service Tax (GST) which he frequently conducts for various organizations
in the construction, property, freight transportation, logistics and manufacturing sector.
Some of the well- known organizations that have benefited from his expertise include: