Strategic Planning

• Why strategy comes before the budget
• The strategic planning process
• Developing a strategic plan
• Strategic planning tools
• Where are we now, and where do we want to be?
• Linking the budget with the strategy

Forecasting

• What is forecasting?
• Strategic role of forecasting
• The forecasting process
• Forecasting demand
• Sales forecasting using various methods in Excel©
• Qualitative and Quantitative forecasting methods

Budgeting

• What is a budget
• Budgeting and the Management Process
• Budgeting framework
• How to evaluate budgeting software
• Budget preparation
• Building the master budget

Using a budget as a management tool

• Linking strategic planning , forecasting budgeting and reporting
• Budget cost behaviour
• Budget cost, volume, profit (CVP) and break-even analysis
• Sensitivity & What-If Analysis
• Budgetary Control
• Variance Analysis

Capital Budgeting (CAPEX)

• Capital budgeting principles
• Raising finance
• Weighted Average Cost of Capital (WACC)
• Methods of Evaluating Capital Investment Projects
• Comparing different projects and their returns
• Capital Rationing