Understanding financial management and where budgeting fits into the bigger picture.
Benefits and Outcomes
• Understanding the importance of financial statements, and the linking of financials to effective budgeting and forecasting
• Understanding the methodologies available to assess investments in capacity. Calculating the minimum return required for a company (WACC), and using this return rate as a mechanism to evaluate capital investments
• How financial ratios assist in the formulation of realistic forecasting, using marketing as well as the critical financial statement ratios
• Using the balanced score card to link strategy to budgets; including strategic outcomes in the KPA's of managers to ensure focus on strategy
• Knowing what the minimum revenue numbers have to be to just survive, and how to extrapolate revenue numbers to achieve profit targets
• Forecasting sales and gross profit with consideration towards all the various internal and external factors that are relevant to the forecast
• How to optimise the organisation's budgeting ability to anticipate possible changes in revenues and return in times of fluctuation due to economic and political factors
Who should attend:
- Financial Managers
- Accountants
- Accounting support staff
- Investment Managers
- Managers involved with strategy, strategy implementation, investment budgeting and forecasting
Date: 23 January 2012
to 25 January 2012
Venue: IIR Training House, Rosebank, Johannesburg
