Forecasting, Budgeting and the Planning Process Training

Programme Overview

Budget Preparation and Planning are two of the major and most important activities for any commercial or non-commercial entity. Budgeting enables the organization to have a plan for future expenditures that can easily be compared to the actual ones. Hence, budgeting serves both as a planning and a control tool. Budget preparation and planning require a set of skills and thorough professional knowledge in order to ensure that the drafting process proves successful in the future and financial plans remain sound and sustainable in the long run.

Forecasting, Budgeting and the Planning Process Traning in Bishkek, Kyrgyzstan is an extensive programme that anchors on major crucial skills that are required to analyze and comprehend the entire process of Forecasting, budgeting & costing within various organizational structures. The course addresses all substantial issues related to forecasting, planning, budget drafting & preparation, cost analysis and performance evaluation.

Target Audience

This training programme will be particularly beneficial for:

• Professionals with Finance Background
• Individuals involved in Strategic Planning & Decision Making
• Specialists with finance-related responsibilities
• Project & Line Managers, Project Officers and Project Heads
• Professionals  involved in strategic planning and decision making
• Professionals who require a more in-depth understanding of integrated planning & budgeting techniques
• Financial Advisers and Consultants
• Anyone interested in Forecasting, Budgeting & Business Planning.

Programme Objectives

The objectives of this programme are to enable delegates to:

• Build an integrated forecasting, planning, budgeting and reporting process
• Understand costs behavior more accurately
• Deliver more timely and useful information to decision makers
• Understand the tools for executing the strategy such as balanced scorecard, variance analysis and rolling forecasts
• Use advanced costing methods to understand cost behavior and provide product and customer profit analysis for strategic decision making
• Improve budgeting/financial skills required for better decision-making.

Programme Contents

Budgets & Strategy in the Modern World

• Framework for Organizational Planning
• Strategic, Tactical & Operational Forecasts
• Strategic Approach for Business Planning.
• The Links between Strategy, Forecasting, Planning, Budgeting, Performance Measurement.

Strategic Planning & Management

• Strategic Capabilities and Competitive Advantage
• Techniques and tools for formulating effective strategies
• Strategic Analysis Tools: PESTLE, Five Forces & SWOT Analysis
• Balancing Stakeholder Objectives & Measuring Shareholder Value
• The Balanced Scorecard Framework.

Methods & tools for Effective Forecasting

• Basic Forecasting Techniques
• Project Sales Revenue & Causal Influences on Sales Revenue
• Revenue Forecasting: Trend & Seasonal Variation
• Time Series Analysis
• Forecasting Costs through Linear Regression; Using Correlation
• Choice between Pricing Strategies: Value Based, Cost Based
• Cost Based Pricing, Cost Leadership & and differentiation
• Using Strategy Clock in Pricing.

Planning for Costs

• Profit & Cost Behavior
• Fixed, Variable, Direct & Indirect Costs
• Cost-Volume-Profit (CVP) Chart
• Absorption, standard and marginal costing
• Activity based costing
• Reducing and Cutting costs effectively.

Strategic Management Framework and Budgeting

• Strategy Management tools; Strategy Maps
• Budgets, Strategy and Operating Plans
• Objectives of Budgeting; Steps for Preparing Budgets
• The Master Budget
• Responsibility Accounting & Variance Analysis
• Activity Based Budgeting.

Financial Strategy and Planning

• Constraints of Financial Strategy
• Key Drivers of Cash Flow
• Managing Working Capital
• Building Cash flow Forecast Models using Excel
• Time Value of Money
• Capital Investment Decisions and Appraisal Tools
• Discounted Cash Flow and Net Present Value
• Choosing the appropriate source of Finance
• Estimating the Cost of Equity
• The dividend Decision
• Estimating the Cost of Debt
• Estimating the weighted average cost of capital
• Finding the optimum capital structure.

Programme Methodology

Forecasting, Budgeting and the Planning Process Training in Bishkek, Kyrgyzstan is in a highly participative workshop format with presentations, case studies, group and individual assignments and practical tasks of Forecasting, Budgeting and the Planning Process. Relevant examples are provided to illustrate the application of each of the topics covered, including participative exercises using Excel. Each learning point is reinforced with viable precedents in order to enhance the understanding of the delegates and ensure the successful and instant practical appliance at their workplace.

Course Deliverables

Participants will enjoy a full-service experience that covers everything needed before, during, and after the programme:

During the Programme

• Risalat Training Kit, including: bag, water bottle, coffee mug, t-shirt, cap, passport cover, pens, notebook, magnet, keychain
• Lunch Provided Daily during training days
• Comprehensive Course Manual & Training Materials
• Project-Based Templates, Tools, and Worksheets
• Mini Pad / Tablet for convenient access to digital resources
• Digital Case Studies, Reading Packs & Reference Materials
• Access to Sample Datasets & Practical Exercises
• Field Visit (where applicable)
• Complimentary Refreshments & Full Training Venue Facilities
• Access to Online Learning Resources
• Entertaining City Tour
• Certificate of Completion
• Risalat Programme Participation Recognition Award

After the Programme

• Post-Training Support & Follow-Up Guidance
• Programme Report