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Finance and Accounting
Financial Planning and Analysis
Overview:
Introduction:
This training program delves into the fundamentals of financial planning and analysis (FP&A), providing essential tools and techniques for effective budgeting, forecasting, controlling and financial decision-making. It empowers participants to create robust financial plans and analyses that drive organizational success.
Program Objectives:
By the end of this program, participants will be able to:
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Understand the core concepts of financial planning and analysis.
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Develop and manage budgets and financial forecasts.
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Analyze financial statements and performance metrics.
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Implement strategies for improving financial decision-making.
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Use FP&A tools to support organizational goals and performance.
Targeted Audience:
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Financial Analysts.
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Budget Managers.
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Finance Directors.
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Business Controllers.
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Financial Planning Professionals.
Program Outline:
Unit 1:
Introduction to Financial Planning and Analysis:
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Overview of FP&A and its role in organizational success.
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Key components of financial planning: budgeting, forecasting, and reporting.
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Understanding financial statements and their impact on planning.
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The relationship between FP&A and strategic planning.
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Implementing financial controls to ensure accuracy and compliance in financial reporting.
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Case studies on effective financial planning and analysis.
Unit 2:
Budgeting Fundamentals:
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Steps in the budgeting process: planning, preparation, and approval.
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Types of budgets: static vs. flexible, zero-based vs. incremental.
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Techniques for developing accurate and realistic budgets.
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Analyzing budget variances and making adjustments.
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Tools and software for budgeting.
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Establishing budget controls to prevent overspending and ensure financial discipline.
Unit 3:
Financial Forecasting Techniques:
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Overview of forecasting methods and their applications.
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Quantitative vs. qualitative forecasting techniques.
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Building and refining financial models for forecasting.
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Scenario analysis and its role in forecasting.
Unit 4:
Analyzing Financial Performance:
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Key performance indicators (KPIs) and financial metrics.
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Techniques for analyzing financial statements (income statement, balance sheet, cash flow statement).
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Performance benchmarking and comparison.
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Identifying trends and making data-driven decisions.
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Tools for financial analysis.
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Utilizing control mechanisms to monitor and enhance financial performance.
Unit 5:
Enhancing Financial Decision-Making:
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Strategies for effective financial decision-making.
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Integrating FP&A insights into business strategy.
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Communicating financial information to stakeholders.
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Continuous improvement in FP&A processes.
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Examples of improved decision-making through FP&A.