Integrating Strategy, Budgeting & Reporting Course

Implementing best practice in integrating strategy, budgeting and reporting (ISBAR) In South Africa, most companies still budget once a year and use this budget as the benchmark for judging monthly performance. Companies in Europe are leading the change, with shorter planning horizons and a growing consensus that rolling quarterly forecasts are best practice. Pioneers in rolling forecasts are in the information technology, telecommunications and financial services industries. Companies that can update plans and forecasts quickly are in a better position to take advantage of opportunities and respond to threats. Excellent companies measure results continuously through performance measurement systems, scorecards, dashboards and management accounts. The human resource area champions performance appraisals, incentive schemes, promotions and compensation packages.

Course objectives:

To ensure your management system meets the needs of the 21st century, this course:
Provides a framework for analysing and benchmarking your planning processes to verify that they add maximum value , take place in the right sequence and involve the right people.
Discusses latest practices in world class planning, budgeting and reporting.
Identifies and explains the use of linking tools such as rolling forecasts, scorecards and incentive compensation, to strengthen the relationship between strategy, budgeting and management control.
Examines new approaches to presenting and reporting information to managers.

Date: 08 October 2015 to 09 October 2015
Time: 08:00 - 04:30
Venue: Gallagher Convention Centre, Johannesburg
Cost: R7,399