Forecasting and Budgeting in view of Uncertainty

16-17 Nov, 2020, Webinar Classroom Training

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Dr Steven Liew is a fellow member of the Chartered Institute of Management Accountants, UK and is a Chartered Accountant by profession. He has an Asia Pacific Executive MBA (for senior executives) from the National University of Singapore and a PhD in international finance with Rushmore University of USA.

 

Dr Liew had worked in private sector companies, ranging from family-run businesses to professionally manage multi-national corporations in South Asia and the ASEAN region. He has accumulated more than 28 years working experience in senior financial & operational management positions spearheading the profitability and growth of companies. He has worked for the MBF Finance & its related group of companies over the 10 years period.

 

He is a registered Trainer with the Government Human Resources Development Berhad (Pembangunan Sumber Manusia Berhad). And he is a GST Tax Consultant and had successfully completed the Custom examination.

 

Dr Steven Liew had conducted various seminars for corporate clientele including Association of Credit Management Malaysia, Chartered Institute of Management Accountants, Malaysia Institute of Management, Malaysia Institute of Accountants, Institute of Bank Bank Malaysia, Nestle, IQPC Worldwide Pte Ltd , Singapore, Lexis Nexis, Proton Edar Malaysia , Brunei Investment Agency, Small Medium Industries Development Corporation , Ministry of Development, Brunei , BICPA Asean Management, Brunei, Risda Group Of Companies, Sales & Marketing Training Forum, Sri Lanka, Giant Retail Sdn Bhd, Telekom Brunei & Ministry of Foreign Affairs, Malaysia, Sabah Electricity Sdn Bhd, Bank Islam Brunei Darussalam. Continental Tyres, Sime Darby Bhd ,Sony Malaysia Sdn Bhd , Perodua Sdn Bhd & Credit Guarantee Corporation (M) Bhd; Fujixerox, UDA Holdings, SPNB, Diners Club, Elk Desa Capital Bhd, Antah Schindler, UCSI & Ministry of Finance.

 

Overseas Training: Maldives, Sri Lanka, India, Hong Kong, China, Singapore, Brunei & Cambodia

 

He is currently providing management consultancy and training specializing in Fast closing monthly, leadership, Strategic Planning, budgeting, accounting, finance, Cost reduction, credit management & loan recovery.

Venue Details

Webinar Classroom Training

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: Linking The Forecasting & Budget To Management Actions In View Of COVID 19
  • Module 2: Monitoring The Budget Using ‘What If Analysis” Scenario
  • Module 3: How To Monitor Your Sales, Costs & Collection
  • Module 4: Breakeven Point & Cash Flow Simulation
  • Module 5: Success Story Of Cost Reduction (Case Study)

    SPECIAL FEATURE: Participants Will Receive a Set of Practical Excel Templates suitable for all sectors.
INTRODUCTION

We are now facing uncertainty (COVID 19) and this has caused the 2020 budget to be deviated. This online learning course will show ways to keep the budget realistic and relevant at all times by using 3 estimate techniques and the tool of ‘What if analysis ‘ (goal seek & solver)

WHAT YOUR COLLEAGUES ARE SAYING ABOUT THE COURSE…
  • “What I enjoyed from this cost reduction program is Dr Liew sharing on his real experience; planning budget; Cost saving method & Case Study”: HR Manager; Hock Seng Lee Concrete
  • “Thank you Dr Liew for guiding us in cost reduction on how to look out for budgeting; cost reduction areas and the approach to implementation”:
    Assistant General Manager; Sarawak Produces Industry Co
  • “I really appreciated Dr Liew imparting his Real-life story of actual application of budgeting & cost reduction strategies & many case studies”: Plant Controller; Ceramica Indah Sdn Bhd
  • “The case studies and exercises that are most practical & relevant to me are story of cost reduction; Cost Reduction/Turnaround case studies; Johnson- Relates to Speaker Personal experience – Soft landing skill”: Purchasing Executive; Ceramica Indah Sdn Bhd
AFTER ATTENDING THIS COURSE YOU WILL RETURN TO YOUR JOB…
  1. Revisiting your organization vision & mission to be relevant in today’s uncertainty & competitive environment.
  2. Devising ways to achieve your budget targets
  3. Planning how to achieve optimum profitability under budget constraints
  4. Using goal seek to hit management expectations on sales, profit & cash flow
  5. Understanding Success Story of Cost Reduction
WHO SHOULD ATTEND
Accountants, CFO, Business Managers, Finance Managers, Supervisors, Managers and All Professionals Who Are Interested in Managing Forecasting and Budgeting in view of Uncertainty
METHODOLOGY

Online approach to current financial issues & scenario solutions will be discussed within the online setting

Special Feature: A Set of Practical Templates are provided

DAY 1
2.00

MODULE 1: LINKING THE FORECASTING & BUDGET TO MANAGEMENT ACTIONS IN VIEW OF COVID 19

  • What Are Essential Considerations Before Preparing The Budgets
  • How To Present A More Accurate, Realistic & Relevant Budget
  • How To Avoid Unexpected Results Or Uncertainties
  • How To Measure Performance
3.30

MODULE 2: MONITORING THE BUDGET USING ‘WHAT IF ANALYSIS” SCENARIO

  • How To Make Your Budget Always Relevant?
  • 3 Estimate Techniques (2+10, 5+7; 8+4)
  • Practice SMART (Specific, Measurable, Achievable, Realistic & Time bound)
4.30

MODULE 3: HOW TO MONITOR YOUR SALES, COSTS & COLLECTION

  • Define Your Sales Projection, Factor In Fluctuation (Q1, Q2, Q3 & Q4)
  • Do Your Monthly Average Sales & Expenses
  • Used 3 Estimate Techniques (2+10, 5+7, 8+4) And Use SMART (Specific, Measurable, Achievable, Realistic & Time bound)
  • Make Sure Your Budget Is Always Relevant During The Year
5:30 End of Day 1
DAY 2
2.00

MODULE 4: BREAKEVEN POINT & CASH FLOW SIMULATION
Objective:

  • Determine The Breakeven Sales
  • Scenario Planning Cash Flow
  • You Will Learn Why You Fund Increase Or Decrease
  • Using Goal Seek Will Improve Your Cash Flow Position
3.45

MODULE 5: SUCCESS STORY OF COST REDUCTION (CASE STUDY)
Objective: Will Show The Roadmap To Achieve Cost Reduction Target

  • How To Target Saving For Your Organization
5:30 End of course