Fresh Solutions in a Global Market
We have designed a unique training program aimed at equipping non financial managers with the basic knowledge and tools to compliment the strategic and financial planning process within the organization and to develop a pro-active approach to budgeting.
See below the areas covered in the program.
Areas covered in the program
Agenda
- Introduction
- Personal Financial Planning
- Basic Accounting
- Budget Reviews – Current Year
- Financial Environment
- Review of Historical Trends
- Review of insurance policies
- Staffing issues, incentives and productivity bonus
- Marketing
- Capital Budgeting Vs Revenue Budgeting
- Multi-Year Planning & Budgeting
- Budget Analysis
- Financial projections – Next two years
- Summary & Evaluation
Outcomes
- To provide a forum for management to ask specific questions and to identify any financial policy issues affecting the various departments of the organization.
- To create an understanding of the benefits provided by the employer including additional pension planning if required.
- To create an appreciation of the need for planning finances for the short, medium and long term.
- To encourage management participation in financial planning and decision making at the department within the organization.
- To provide information on the organizations financial planning initiatives (Multi-Year Budgeting Cycles).
- To improve financial effectiveness at the department level within the organization.
- To provide a forum for participants to share ideas.
- To create a clear understanding of organizations budgeting process.
- To create an understanding of basic accounting concepts.
Requirements
- SWOT analysis for each department within the organization.
