Planning & Budgeting (Case Study Approach)

19-20 Aug, 2019, Parkroyal Kuala Lumpur

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Venue Details

Parkroyal Kuala Lumpur
Jalan Sultan Ismail, Bukit Bintang, 50250 Kuala Lumpur - 50250
Phone : (603) 2147 0088

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Contact us

Juliany,
03 2283 6109
juliany@ipa.com.my

Phoebe,
03 2283 6100
phoebe@ipa.com.my 

FOR CUSTOMISED IN-HOUSE TRAINING
Jane,
03 2283 6101
Jane@ipa.com.my

ADDRESS 
A-28-5, 28th Floor, Menara UOA Bangsar, 
No.5, Jalan Bangsar Utama 1, 
59000 Kuala Lumpur
www.ipa.com.my

FOCUSING ON
  • Module 1: Converting Business Plan & Key Performance Indicators into Budgets
  • Module 2: Linking the Budget to Management Actions
  • Module 3: Profit Planning and Activity- Based Budgeting (Case Study)
  • Module 4: Improve Cash Flow & Profitability Position (Practical Case Study)
  • Module 5: Project Based Budgets (Case Study)
  • Module 6: Success Story of Cost Reduction (Case Study)
  • Module 7: Managing Material Costs
  • Module 8: Managing Labor Costs
  • Module 9: Managing Overhead Costs
  • Module 10: How to Achieve the Budget Target (Case Study)
  • Module 11: Linking KPI To Performance Management

    Special Feature:
    Participants Will Receive a Set of Practical Templates suitable for all sectors.

    Laptop Required
OVERVIEW
Is your organization budget still valid & reliable? This practical budgeting course will assist you to revisit the way budgeting is being done and ways to improve and create values for your organization. Many budgeting case studies will be used to highlight the importance of using your financial statement to achieve your budget target. In order to reduce cost effectively, you need to have the heart of an entrepreneur. By creating value for your organization, you will be amazed at the speed of career advancement.
AFTER ATTENDING THIS COURSE YOU WILL RETURN TO YOUR JOB…
  1. Revisiting your organization vision & mission to be relevant in today’s competitive environment.
  2. Devising ways to achieve your budget targets.
  3. Planning how to achieve optimum profitability under budget constraints.
  4. Consider the basis for deciding whether to proceed or reject the project proposal.
  5. Managing Materials, Labour & Overheads Costs effectively.
  6. Implementing strategies on Turnaround the Company.
  7. Implementing strategies to Improve Debt Collection & Cash Flow
  8. Formulating the Cost Reduction Strategies for Your Organization Costs
  9. Understanding the tracking Cost Control Using Key Performance Indicators (KPI)
WHO SHOULD ATTEND
Accountants, CFO, Business Managers, Finance Managers, Supervisors, Managers and All Professionals Who Are Interested in Managing Budgeting & Cost control
METHODOLOGY

Case Study & Group Discussion. Real-current financial issues & cases will be analyzed and scenario solutions will be discussed within the workshop.

Special Feature: Participants Will Receive a Set of Practical Templates suitable for all sectors. These templates;

  • Ease in planning, reporting & decision making process
  • Snapshot of overall issues & problem
  • Financial modeling using goal seek strategies for cash flow, profit, sales target, budgeting & working capital requirements
DAY 1
9:00

Module 1: CONVERTING BUSINESS PLAN & KEY PERFORMANCE INDICATORS INTO BUDGETS
Objective: Define Vision, Mission, KPI & its relationship to budget planning

  • CEO Vision & Mission
  • KPI (Dept & Individual)
10.45

Module 2: LINKING THE BUDGET TO MANAGEMENT ACTIONS
Objective: set the stage for budgeting planning considering all essential factors

  • What are Essential Considerations Before Preparing the Budgets
  • How to Present a More Accurate & Realistic Budget
  • How to Get Cooperation from Operating Units
  • How to Convince or Find Out Easier Solution for Other Staffs to Understand /Follow on Budget Being Prepared
  • How to Avoid Unexpected Results or Uncertainties
  • How to Measure Performance
  • Discuss the Planning Budgeting Strategies for Management
1:00 Lunch
2:00

Module 3: PROFIT PLANNING AND ACTIVITY-BASED BUDGETING (CASE STUDY)
Objective: set sales, cost of sales, GP, operational profit & cash flow target

  • Operational Budget
  • Financial Budget
  • Rolling Budget
3.45

Module 4: IMPROVE CASH FLOW & PROFITABILITY POSITION (PRACTICAL CASE STUDY)
Objective: Use financial tools of goal seek & solver to meet management target of sales, profit & cash flow position

  • Applying what if analysis (goal seek & solver)
  • Applying profitability strategy management framework
    - Formulation stage
    - Execution stage
    - Evaluation stage
5:00 End of Day 1
DAY 2
9:00

Module 5: PROJECT BASED BUDGETS (CASE STUDY)
Objective: laid out the factors for consideration in project budgeting

  • Calculation of operating cash flow
  • Calculation of Project payback period, profitability index, IRR & NPV of the project?
  • Basis for decision on proceeding or rejecting the project proposal
 

Module 6: SUCCESS STORY OF COST REDUCTION (CASE STUDY)
Objective: will show the roadmap to achieve cost reduction target

  • How to target saving for your organization
10.45

Module 7: MANAGING MATERIAL COSTS
Objective: will show the roadmap to reduce material costs

  • Procurement
  • Inventory
  • Design errors
  • Technical errors
  • Reject output
12.00

Module 8: MANAGING LABOR COSTS
Objective: will show the roadmap to reduce labour costs

  • Inefficient Work Processes
  • Absenteeism
  • Staff quality
  • Manpower management
  • Staff turnover
  • Complex process
1:00 Lunch
2:00

Module 9: MANAGING OVERHEAD COSTS
Objective: will show the roadmap to reduce Overhead costs

  • Assets Management
  • Customers
  • Financial resources
  • Human resources
  • Expenditures
3:00

Module 10: HOW TO ACHIEVE THE BUDGET TARGET (CASE STUDY)
Objective: Using the Key result areas to turnaround the companies

  • Asset conversion
  • Collection
  • Cost reduction
  • Revenues
  • Purchasing policy
3:45

Module 11: LINKING KPI TO PERFORMANCE MANAGEMENT
Objective: Tracking the KPI performance & adjust as it when required

  • Design Scoring Mechanism
  • Design Weighting & Measures
  • Tracking KPI Using Excel
5:00 End of Course