February 25th - 28th 2013 Effective Budgeting and Cash Flow Management Please, consider NOT to include this page in the printed version in order to preserve the environment
Effective Budgeting and Cash Flow Management Overview: Although today s finance professionals are still required to fulfil their traditional role of maintaining good financial control, sound corporate governance and best practice, there is an increasing expectation that the best finance executives also support the organisation by providing relevant systems and information that enables strategic decision-making, adding value to the business and providing focused support to the Board. Two of the key areas where the finance executive can add real value to the organisation include budgeting and cash flow management and planning. This course looks at the key principles, best practice and up to date thinking in these two important areas and will provide delegates with the basis on which they can add further value to their own organisation. Cash Flow The statistics for corporate failures highlight the many companies that collapse every year because they did not pay heed to economic management practises. Effective cash flow management is the key to business survival and growth, yet many managers and business owners are unclear about the key drivers of strong cash flow and do not know the most important measures to monitor and control it. This course covers all aspects of cash flow management: What it is, how to measure and monitor it, and how to effectively control and improve it. Budgeting Success in any organisation depends on being able to develop and implement effective plans to achieve the organisation s objectives. Although some see budgeting as a burden, the most successful organisations use the budget process to produce powerful plans to keep them on track to deliver their goals and vision. This course provides you with an up-to-date guide to the effective budgeting of your business including tailored cost control techniques. To register, contact: Matthew Kalman, Project Manager Tel: +971 4367 1383 - Fax: +971 4367 2764 Email: matthew.kalman@mihacademy.com Who should attend Finance managers and accountants; any manager responsible for key commercial aspects of their business; and business owners and bankers. Any manager responsible for delivering organisational objectives and targets, managers in charge of developing frameworks for improving public or private sector performance, and professionals responsible for preparing and controlling departmental budgets. Our philosophy naseba comes from the Japanese expression naseba naru, which when translated means: When there is a will there is a way. The word naseba can literally be translated as: If you make it happen. naseba is all about creating opportunities for success. Each of our Make it Happen courses gives professionals from different industries new skill sets, strategies and techniques so they can make it happen.
Tr ainer s profile Course Highlights: You will learn from an international trainer who has extensive experience and business knowledge. Stan Dwight An international training consultant providing training, coaching and advisory services to high growth firms More than 20 years senior management level experience in international businesses Holds a degree in Mathematics and Business, and is an Associate of the Chartered Institute of Management Accountants Stan Dwight is an international training consultant providing training, coaching and advisory services to high growth firms in areas of business development, financial planning and reporting, cash-flow and working capital management, strategy, restructuring and change management. Cash Flow Management Learn why cash flow is the key to business survival and growth Get practical tips to improve working capital management and profit Identify critical success factors for strong results Understand how winning organisations use powerful KPIs Develop KPIs that help you deliver results Budgeting Learn how to tie your strategy to effective annual budgets Get practical tips to improve budgeting in your organisation Identify critical success factors for your organisation Understand how winning organisations harness the power of the Balanced Scorecard Develop KPIs that will help you to deliver results With over 20 years of senior management level experience in international businesses, he has had notable success in building and leading finance teams in Europe, Scandinavia and the US. For more than ten years Stan has gained considerable international expertise training finance professionals and senior non-financial colleagues. His specialty lies in developing key business finance skills and enabling participants to improve strategic decision-making;consequently improving their bottom line results. Stan s own experience includes strategic planning and budgeting, reporting and presenting the results of an international public limited company, asset appraisal, acquisition and divestment. He has also been involved in setting up new businesses in Europe and the US - presenting strategic investment proposals on a regular basis to boards, non-finance managers and executives. After gaining his degree in Mathematics and Business, he became an Associate at the Chartered Institute of Management Accountants.He is now studying for a Master s in Business Administration at Henley Business School. Stan has extensive experience in working with finance and non-finance professionals both in the UK and internationally. As a result he has a wide experience of varying business and cultural practices and is able to bring this to bear in his work with current and future clients. To register, contact: Matthew Kalman, Project Manager Tel: +971 4367 1383 - Fax: +971 4367 2764 Email: matthew.kalman@mihacademy.com
Why attend? The course is dynamic, interactive and the programme is focused on re-education. Learn from a leading trainer who has strong financial, educational and commercial experience. Take away tools: This course is designed to be thought provoking and provides you with an action framework appropriate to your job role. You learn and develop many skills and strategies to aid the growth of your business. Networking: MiH Professional Training Academy pays close attention to enhancing client networks. Our agenda includes networking breaks and lunches to enable interaction with the trainer and other attendees. Reputation: naseba has substantial experience in organising top business events. Excellence, the highest-quality professionals and the presentation of superior networking opportunities are our guiding principles. Content: The main objective of this intensive four-day course and its modules is to equip you with the insight and skills necessary for professional development. You will cover all aspects of cash flow management; what it is how to measure and monitor it and how to effectively control and improve it. You will also be provided with an up to date guide to the effective budgeting of your business including tailored cost control techniques. Pre course questionnaire: Prior to the training programme you are required to complete a short pre-course questionnaire which gives us the opportunity to tailor the course to your requirements. Certificate of attendance: All delegates receive a MiH Professional Training Academy certificate at the end the course - personally signed by the trainer. Individual needs: An emphasis on individual needs and challenges allows for practical solutions to real-life scenarios. Beyond the course: Virtual groups allow attendees to stay in touch with each other and the trainer after the course to discuss the day-to-day implementations of what has been learnt.
AGENDA Day one Day two Day three Day Four 08:30-09:00 Introductions Course objectives Personal objectives Introduction to course 09:00-10:30 (Session 1) The role of the finance professional Financial management in the 21 st century Adding value through finance Analysing and interpreting financial statements Financial analysis: Profit and cash flow Measuring financial strength and return on investment Balance sheet limitations 10:30-11:00 (Coffee) 11:00-12:45 (Session 2) Sources of business funds Sources of funding The dividend decisions Advantages and disadvantages of equity funding Overview of what debt relief providers are looking for Advantages and disadvantages of debt funding Financial funding strategy Understanding working capital Understanding and managing the trade cycle Understanding and avoiding over trading The key components of working capital Why working capital is key to a strong cash flow 13:45-15:00 (Session 3) Managing working capital Funding working capital Inventory management and optimisation Credit management and collections Understanding and managing the cash float 15:00-15:30 (Tea) 15:30-16:30 (Session 4) Cash forecasting Objectives of cash forecasting Direct method Indirect method using Excel 08:30-08:45 Review key points from Day 1 Question and answer session 08:45-10:30 (Session 1) The capital investment process Capital investment authorisation and control Capital investment appraisal methods Lease or buy decisions Measuring financial strength Analysing financial statements Measuring business solvency Measuring business liquidity Predicting business failure 10:30-11:00 (Coffee) 11:00-12:45 (Session 2) Understanding and improving profit Why strong profits are an essential source of business funds The vital difference between profit and cashflow Gross margin and break-even: The key to understanding profit Methods of pricing for products and services Effective ways to improve profit Measuring business performance Risk and return Measuring return on investment Why some companies are more profitable than others Capital utilisation DuPont analysis - using a pyramid of ratios 13:45-15:00 (Session 3) Developing and implementing key performance indicators (KPI) The key drivers of cashflow Identifying key success factors and KPIs Seven characteristics of KPIs 14:30-15:30 (Lunch) 15:30-16:30 (Session 4) KPI case study Using concise management reports to monitor and control cashflow Developing a powerful cash flow control dashboard 08:30-09:00 (Session 1) Creating and delivering value 09:00-10:30 (Session 2) Strategic planning Creating and articulating the organisation s vision and objectives Organisational stakeholders and balancing their objectives A framework for strategic planning Tools for strategic analysis 10:30-11.00 (Coffee) 11:00-12:00 (Session 3) Developing a winning strategy The basis of competitive advantage Three generic strategies Examples of winning strategies 12:00-12:45 (Session 4) What is budgeting? Linking budgets to strategic objectives The objectives of budgeting Styles of budgeting Dysfunctional budgeting 13:45-15:00 (Session 5) Preparing a budget The budget manual Limiting budget factor The sales budget Overhead budgets Capital expenditure budgeting Cash budgeting Preparing the master budget Business seasonality, trends and budget phasing 15:00-15:30 (Tea) 15:30-16:30 (Session 6) Managing budgets Monitoring financial and other data Responsibility accounting Design of budget reports Four golden rules for good feedback reporting 08:30-09:00 Review key points from Days 2 and 3 Question and answer session 09:00-10:30 (Session 1) Alternatives to traditional budgeting Flexed and flexible budgets Zero-based budgeting Activity-based budgeting Limitations of budgets Criticisms of conventional budgeting Three steps to better budgets 10:30-11:00 (Coffee) 11:00-12:45 (Session 2) Beyond budgeting Case study SvenskeHandelsbanken Adaptive management processes Disclaimer: This document is for promotional purposes only and shall not be considered contractually binding. The content of the event, its dates, venue, agenda or speakers may be subject to change during the course of the event s preparation. 13:45-14:30 (Session 3) Developing and using rolling forecasts Using rolling forecasts Identifying key business drivers Using the what-if? analysis to make key decisions Business modelling with Excel 14:30-15:00 (Session 4) Balanced Scorecard and KPI s The four perspectives of the Balanced Scorecard The three step approach to developing Balanced Scorecard Identifying critical success factors Using the Balanced Scorecard to develop KPIs Real life examples of successful implementation 15:00-15:30 (Tea) 15:30-16:00 Key point summary and conclusion Certificate signing and hand out
TESTIMONIALS: ABOUT MIH PROFESSIONAL TR AINING ACADEMY AND NASEBA: Truly inspiring." Senior Partner, PJS Consulting I had the pleasure of working with Stan at Chrysalis for over seven years. I appreciated his personal and commercial approach to business and his development and fostering of our international business relationship. David Ellman - President of Finance and General Manager, Chrysalis Music Group, Inc Refreshing and informative course Regional CFO, DP World Saudi Arabia A great course that will teach you real financial skills you can apply to a real business. Business Analyst, EDF Energy MiH Professional Tr aining Academy naseba established the MiH Professional Training Academy in November 2009. In a short period of time we have already helped over 1,000 professionals throughout the Middle East and Asia improve their skills and knowledge. To ensure the programme you re attending is tailored to your requirements, we consult you prior to the course. This enables the agenda and specific subjects to be matched against your needs and objectives. Attendees of MiH courses profit from increased knowledge - plus enhanced managerial and specific professional skills. We only work with the very best trainers, meaning you benefit from the most up-to-date industry strategies, topics and course material. As a training provider we constantly monitor the quality of the courses we deliver. Our mission is to enable you, your colleagues or employees to achieve your corporate and professional goals - both now and in the future. naseba naseba produces, promotes and hosts business summits, professional training courses and business exhibitions targeting executive level attendees across multiple vertical industries Each event is focused on re-education, networking and creating a deal-flow platform for all participating organisations. Whether the deal is raising capital, vendor sales contracts or sourcing a strategic partner, naseba provides clients with an unprecedented, high-roi environment for conducting business. An in-house team of experts conduct extensive research in conjunction with recognised thought leaders to ensure that all events are relevant, timely and at the forefront of market and industry trends. At naseba, we make it happen. For more information about naseba and MiH upcoming training events visit www.mihacademy.com For more information call +971 4367 1383 or matthew.kalman@mihacademy.com
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