037 – Corporate Financial Analysis, Planning & Controlling Budgets

Date: July 19 – 30, 2021
Location: Houston, Texas USA
CEUs: 6.0

Registration Discount: $8,400 – You must Register 60 days in advance and payment must be Paid In Full 30 days prior to the start of class.

Course Overview

This course is designed for business and industry professionals who support improvements to operational and financial processes within various industries of the public sector. To prepare managers for success, participants will be provided with tactics and methodologies to apply financial principles and concepts for managing budgets and conducting financial analysis to aid in effective decision-making and financial management.

Our goal is to develop knowledge and understanding on how corporate financial management requires the ability to analyze past performance of an organization while also being able to project the future economic consequences of the firm in financial terms. We will do this through review and discussion of best practices and techniques in order to build core competencies that prepare participants to use financial indicators and benchmarks that allow them to allocate resources and evaluate potential projects for maximum return on investment.

Course Objective

The objective of this course is to enable participants to review proven analytical tools and understand when and how to use them to improve profit margins. Through presentations, lectures, review of best practices and experiential exercises in the following key areas, the fundamentals of finance will be taught along with the skills needed to analyze and manipulate financial tools in order to provide accurate, timely, high quality financial analysis and advice:
• Module 1: Budgets and Forecast
• Module 2: Importance and Function of Fiscal Management
• Module 3: Costing and Cost Analysis
• Module 4: Financial Statement Analysis
• Module 5: The Business Analysis
• Module 6: Capital Budgeting

Target Audience

Managers, Project Managers, HR and Contract Managers, System Operation Supervisors, Regulators, Key Technical Staff, and others needing a broader understanding of the financial basis of decision-making.

Course Outline

MODULE 1: Managing Budgets and Forecast
• The Budgeting Process
• Types and Purposes of Budgets
• How to Budget and Forecast
• Establishing Budgetary Control
• Types of Funding Sources
• Managing Budgets Effectively

MODULE 2: Importance and Function of Fiscal Management
• What is Fiscal Management
• Responsibilities of Financial Officers and Managers
• Criteria for a Sound Budget
• Budget Preparation and Organization
• The PPBES Cycle
• Financial Accountability
Experiential Exercise: The Financial Competencies Matrix

MODULE 3: Costing and Cost Analysis
• The Two Dimensions of Cost Analysis
• Types of Costing and Cost Centers
• Understanding Total Revenue
• Conducting a Break-Even Analysis
• Pricing Strategies and Elasticity

MODULE 4: Financial Statement Analysis
• Elements of a Financial Statement Analysis
• Methods of the Financial Statement Analysis
• Categories of Ratios
• Accounts Receivable and Inventory Turnover
• Earnings Per Share
Experiential Exercise: Analyzing Financial Statements

MODULE 5: The Business Analysis
• Purpose of Business Analysis
• Methods of Business
• Analysis: Trends, Averages, Variances and Standard Deviations
• Time Series Analysis
• The SWOT Analysis
• The PEST Analysis

MODULE 6: Capital Budgeting
• The Six Stages of Capital Budgeting
• Payback Methods
• AARR Method
• Relevant Cash Inflows and Outflows
• Post Investment Audit and Strategic Considerations
• Discount Cash Flow Methods
Case Study: Strategic Cost and Finance Management

Tuition: $8,600