What is The Financial Planning and Analysis (FP&A)?
Financial planning and analysis (FP&A) is a series of four services that support The organizational financial stability. These includes
Financial planning and analysis (FP&A) support the organizational financial stability: linking corporate strategy to execution. Budgets are forecasts of revenue and expenses over a future period, used by corporations, governments, and households. They help businesses and households run efficiently. the budgeting process can be difficult, particularly if customers don't pay on time or revenue, and sales are irregular. In this article, we explore how companies approach budgeting, as well as static and flexible budgets. Projecting sales and determining expenses are only part of the process for company executives. Executives must also contend with a myriad of other factors. These factors including projecting capital expenditures, planning for ongoing cash needs, revenue shortfalls, and the economic backdrop. Regardless of the type of business, the ability to gauge performance using budgets is critical to a company's overall financial health.
Why Attending Financial Planning & Analysis Building a Company's Budget?
This course aims at guiding participants through the main principles of financial planning. This course helps participants understanding how an organization prepares a budget.
The sessions touch on several technical topics including the following.
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Revenue forecasting, cost planning.
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Working capital development.
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Fixed assets roll-forward.
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Cash flow calculation.
Additionally, this course will discuss why firms need budgets. It will discuss which are the financial statements that a company uses to create its budget. This financial planning and analysis training will shed the light in the types of budgets. It will also explain the main techniques used in financial planning.
This course will show who is involved in the preparation of a budget. It will discuss who is interested in the final numbers that are signed-off in the budget. Covering these topics will turn participants into a valuable, indispensable members of any company’s Finance team.
This course shows it all, with no steps skipped. The sessions are easy, time efficient, interactive, and well structured.
Targeted Audience for This Financial Planning And Analysis Course
- Financial Analysts.
- Accountants.
- Auditors.
- Business Analysts.
- Financial Controllers.
- Financial Managers.
- CFO's.
- Investors.
- Entrepreneurs & Business Owners.
- Head of Financial Planning and Analysis.
Targeted Organizational Departments for This Financial Planning And Analysis Course
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Finance Department.
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Accounting Department.
Targeted Industries for This Financial Planning And Analysis Course
Accounting and Finance are needed at every sector. whether it is IT, manufacturing, military, or health care.
Learning Outcomes:
By the End of This Course Participants Will Be Able to:
- Learn about FP&A roles and responsibilities.
- Learn how to prepare a budgeted income statement.
- Learn how to prepare a budgeted balance sheet.
- Master Budget Preparation Skills.
- Master the different approaches to budgeting.
- Understand the budget preparation process.
- How to calculate net cash flow.
- Prepare a Company's Budget from Zero.
- Learn the differences between Top-Down and Bottom-up Techniques.
- Preparing the Revenue Budget of a Company.
- Forecast an organization's planned Level of Production.
- Calculate Net Cash Flow.
- Project Various Types of Expenditures.
- Calculating working capital needs.
- Carry out a Fixed Asset Roll forward.
- Build an Integrated Financial Model.
- Learn to Build Financial Statements in Excel.
- Lean how to create financial statements in excel
- Master the Financial statement modeling in excel.
Course Toolbox
- Personal Budget Templet.
- Corporate Annual Report.
- Revenue Budget Templet.
- COGS Budget Templet.
- Payroll Budget Templet.
- Loan Repayment Schedule Templet.
- Income Statement Templet.
- Balanced Sheet Budget Templet.
- The Cashflow Budget Templet.
- Course Material & Reading List.
Training Methodology:
Training is undertaken through lectures assisted by audio & visual presentations. Trainee participation is ensured through assignments. Case studies also will be discussed to help the trainees with the training content.
Trainees are encouraged to share experiences from their workplace. Real Life Experiences are discussed in detail by the trainer to encouraging learning by example.
Course Agenda:
Day (1) An Introduction to Financial Analysis Planning And Control
- Understanding The Budget and Learn How to Use it.
- Financial analysis planning and control
- The Major Financial Statements.
- Understanding the Income Statement.
- Understanding the Balance Sheet.
- Cash vs Profit.
- Understanding the Cash Flow Statement.
- Direct vs indirect method cash flow.
- Major Inter relationships between the Financial Statement
Day (2) Mechanisms of The Budgeting Process
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The Importance of Budgeting.
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Key Steps in Budget Preparation.
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The Budgeting Horizons.
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Budgeting Levels of Detail.
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Budgeting Approaches.
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Updating the Budget.
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Who prepares the Budget?
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The Master Budget.
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The Budget Sign-off
Day (3) Practical Training: A Case Study Part (1) Company Overview.
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Calculating Revenue - The Bottom-up Approach Vs The Top Down Approach.
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The Cost of goods sold formula
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Understanding Cost of Goods Sold (COGS) Calculation.
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Calculating Volume of Production.
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Direct Materials and Direct Labor.
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Production Overheads.
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The Payroll Budget.
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The Selling, General & Administrative (SG&A) Budget.
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Forecasting balance sheet items - Overview.
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The Cash Conversion Cycle formula.
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Budgeted income statement
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Treatment of working capital in capital budgeting
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The Fixed Assets Budget.
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Loan Repayment Schedule.
Day (4) Practical Training: A Case Study Part (2)
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The Budgeted Income Statement.
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The Budgeted Balance Sheet.
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The Budgeted Cash Flow Statement.
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Presenting the Results.
Day (5) Who Does What in Finance & Workshop Challenge
Other Terms To Be Covered In This Financial Planning And Analysis Training Course
- Accounts receivable.
- Accounting period.
- Accounts payable.
- Cash Conversion Cycle CCC.
- Cash budget.
- Indirect cash flow.
- Long term debt.
- Cash flow from operations.
