Reinventing Budgeting, Profit & Cash Flow Planning Techniques

22-23 Mar, 2021, Webinar Classroom Training

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TAN KOK TEE
DBA, MBA-Finance, FAIA, MIPA, MCCS, ACTIM,
International Accountant (UK),
Public Accountant (Aust.)
Certified Company Secretary.
HRDF Certified Trainer
Registered GST Agent.

 

MR. TAN KOK TEE has 40 years of working experience in Accounts & Financial, Strategic and General Management field. He has held a variety of leadership and senior management roles in various organizations, starting in the Accounts & Finance Department until CFO level and the last being Group Chief Executive Officer. More than half of these times were spent in the Manufacturing, Marketing & Distribution and Services organizations.

 

He is a Fellow member of the Association of International Accountants, UK; Member of the Institute of Public Accountants, Aust.; Certified Commercial Accountant, (M); Member of the Chartered Tax Institute of Malaysia; Member of the Malaysia Associations of Company Secretaries (M) and a Gold Mastery Holder in Reinventing Strategic Planning and Management from the Haines Centre for Strategic Management, sponsored by University of San Diego, USA.

 

He is also a Certified Trainer with PMSB’s (HRDF) Train The Trainer Certificate since 2009, a GST Agent registered with MOF & Holder of the GST MyGCAP certificate from RMCD and a Life Member of the Malaysian Institute of Directors.

 

Mr. Tan has been involved in Advisory, Training and Facilitation since beginning 2009. To-date he has conducted about 400 training workshops throughout Malaysia on topics on Budgeting & Cashflow Planning; GST; SST; Practical Accounting for Accounting Staffs; Reading, Analyzing and Interpreting Financial Statement; Accounting and Finance for Non-Finance Managers; Customers Credit Evaluations and Collection Strategies; Incoterms, LC Operations and Trade Financing; Reinventing the Strategic Planning and Management and Financial Statement Hands On Application to MBRS, for both in-house as well as public..

 

Among the organizations that Tan Kok Tee has been providing training for, include Government Authorities, Chamber of Commerce, Government Link Companies, Banks, Malaysian Institute of Accountants, Chartered Institute of Management Accountants, CPA Australia, Malaysian Institute of Chartered Secretaries and Administrators, Selangor State Human Resource Development Centre (SHRDC), Negeri Sembilan State Skills Development Centre (NSSDC), Penang Skill Development Centre (PSDC), NGOs and many others public training providers.

 

His other clients include Shin Yang Group, MIRI, Bintulu Port, Deleum Bhd., Boustead Plantation Bhd., Takahata, FBK Manufacturing, Brothers Industries, Integrated Logistics, Mega Logistics, Chung Hwa Picture Tubes, Ohara Melaka, Safran Aerospace, NEC Corp. of Malaysia, Kobe Precisions, Tecktronic & Sons Holdings, Julie’s Biscuits, Ornapaper Melaka, Sunway University, Sime Darby Properties, Lion Group and many more.

 

To-date Mr. Tan has trained more than 15,000 Executives. He combines a wide range of practical and hands-on training experience in lively and challenging interactive training sessions.

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
  • Introduction
  • Approach To Budget Preparation
  • Hands Operational Budget Preparation – Using A Provided Excel Template.
  • Financial Or Master Budget Preparation – Using A Provided Excel Template.
  • Budgetary Control And Re-Forecasting

    A Certificate of Completion with 14 hours CPD points will be awarded upon completion.
INTRODUCTION

Accounting, Costing, Finance will not be a complete management tools without a budget, profit plan budgetary control system in place to sustain and remain resilience.

 

Business therefore need to re-invent their Budgeting and Profit Planning to achieve such objectives for business continuity. These two are essentially the most important activities in implementing every organization’s long term plan.

 

An effective budget and cash flow forecast with the right implementation and budgetary control will help organization in achieving their planned profit, set objectives, its Objective Key Results and eventually the vision.

 

Hence organizations will be resilient in meeting any future crisis that may arise.

AFTER ATTENDING THIS COURSE YOU WILL RETURN TO YOUR JOB…
  1. Improving your understanding on budget planning, preparation, control and review process
  2. Improving the profit performance.
  3. Managing the monthly performance efficiently and effectively.
  4. Synchronizing the importance of human behavior in budget preparation and implementation
  5. Translating vision into strategies and actions to achieve its goals and objectives
WHO SHOULD ATTEND
  • Financial Controllers / Accountants
  • Accounts Executives / Accounts Supervisors
  • Accounts and Admin. Assistance & Clerks
  • Purchasing / Sales Managers, Executives and Supervisors
  • All Divisional and Departmental Managers and Executives
  • Any other persons who are invoiced in and/or interested to enhance their budgeting and budgetary control skills.
METHODOLOGY
Interactive lectures and actual hands on in the preparation of a budget. Participative and Active Group Discussion, Exercises and Q & A session. Availability of a calculator is a must for your hands on exercise.
DAY 1
9:00

INTRODUCTION

  • Systems Thinking Approach To Achieve Budgeting And Planning Post COVID 19 Period
  • Framework And Model For Budgeting
  • Types Of Budget
  • Reinventing Vision And Mission Incorporating The Current Crisis Needs
  • Re-Assess Positioning Of The Company In The Industry
  • Issues Identification
10.45

APPROACH TO BUDGET PREPARATION

  • Re-Calibrate Budget Guidelines And Time Frame:
    - Financial Parameters
    - Economic Assumptions
    - KRAs, Objectives, Strategies Development And Key Success Measurements
  • Industry Indicators
  • Foresight - Market Environmental Factors Scan
1:00 Lunch
2:00

HANDS OPERATIONAL BUDGET PREPARATION – USING A PROVIDED EXCEL TEMPLATE

  • Detail Sales And New Business Development Budget
  • Sales Collection Budget
  • Detail Production Budget
  • Detail Material Budget – Consumption And Purchase Requirements And Closing Stocks
  • Payment Requirement Budget
  • Manpower And Overheads / Expense Budget
  • Production Cost, Cost Of Sales And Closing Stock Budget
  • Marketing And Support Function Budget
  • Capital Expenditure Budget
5:00 End of Day 1
DAY 2
9:00

FINANCIAL OR MASTER BUDGET PREPARATION – USING A PROVIDED EXCEL TEMPLATE

  • Statement Of Profit And Loss
  • Statement Of Cash Flow
  • Statement Of Financial Position
  • Sensitivity Analysis For Risk And Opportunities
  • Multi Year Budget For The Next Immediate 2 Years
1:00 Lunch
2:00

BUDGETARY CONTROL AND RE-FORECASTING

  • Periodical Reviews
  • Variance Analysis – Material, Labor, Overhead, Sales & Profit,
    - Quantity (Usage/Volume/Mix And Yield)
    - Material
    - Labor
    - Variable And Fixed Production Overheads
    - Sales – Price, Volume And Mix
    - Operating Expenses
  • Reforecasting And Rolling Budgeting
5:00 End of Course