Planning and Analysis of Financial Statements, Advanced Accounting and Preparation of Budgets

It is important for a business to have an individual that can understand a business’ financial situation and keep it under control. Accounting courses in London provide the training for individuals to acquire the skill to be able to plan and analyser Financial Statements of a business. With these skills they can structure a financial statement with a somewhat different appearance when a business plans to issue financial statements to outside users. London TFE courses offer a better understanding of a business’s cash flow, whether a business has the capability to pay back its debts, track financial results on a trend line and derive financial ratios from the statements that can indicate the condition of the business.

This program provides an overview of the tools and the skills to build world class standards into your planning, budgeting and reporting system and will discuss new and best practice techniques, explain how they complement the traditional financial planning tools, and introduce new concepts for planning and analysis of financial statements, advanced accounting and preparation of budgets.

Objective

• Make budgeting process more cost effectively.
• Motivate managers to "buy in" to the budget process.
• Help delegates understand how to apply different planning, forecasting and analysis techniques.
• Organize budget structure to work on during the program.
• Implement advanced planning and control techniques into your budgeting process.
• Integrate the budgeting process with the development of the company’s long-term strategic vision.
• Provide a decision support structure that provides timely and useful information to decision makers.
• Successfully build an integrated planning, budgeting and reporting process.
• Forecast costs and revenues with greater confidence.
• Apply management tools to the budgeting process that contribute to strategic goals.
• Effectively manage the budgeting process.

Course Outline

Day 1 - Planning and budgeting:

• The purpose of planning and budgeting in business.
• Defining the strategic approach to business planning.
• Defining strategic assumptions.
• Building the strategic planning model using financial data.
• Building the strategic planning model using financial data.

Day 2 - Analysing the historical data using Excel:

• Recognising the basic patterns inherent in historical data.
• Using the exploratory data analysis tools available in excel.
• Development of time series models using histograms, moving averages, exponential smoothing, and regression analysis.
• Validation of time series analysis.

Day 3 - Budgets in today's international environment:

• Organisational planning and control framework.
• The product / information / decision support cycle.
• Strategic, tactical, and operational forecasts.
• The recognition of risk in models.
• Using budget models for simulation purposes.

Day 4 - Approaches to Budget Development:

• Zero base budgeting.
• Activity based budgeting.
• Rolling budgets.
• Operational unit budgeting.
• Program budgeting.

Day 5 - Using activity based budgeting:

• Developing the ABB application model.
• Budgeting for processes rather than departments.
• Defining key cost drivers.
• Developing the activity-based budget.