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Why Choose this Training Course?
This PetroKnowledge Budgeting, Planning & Financial Reporting Masterclass training course is focused on some of the most important elements key to attaining organizational excellence and creating real business value. Most companies recognize that the profitable growth that drives business value can only be consistently achieved and sustained when a competitive advantage can be employed in a compelling business strategy that can be put into action through a functional business model. But in the challenging and dynamic world of the 21st century it is also critically important to be able to use the right tools within an effective performance management framework in order to execute, control and adapt this strategy in response to the ever present threat of business model evolution and disruption.
This Budgeting, Planning & Financial Reporting Masterclass training course deals comprehensively with all of the important aspects of the strategic and tactical forecasting and planning processes that can provide an organizational “roadmap to success’; it identifies the most relevant cost analysis techniques to support cost management and strategic cost reduction; the training course also provides an in depth view of financial reporting under the IFRS framework and its application in providing powerful integrated management reports that can support the control and adaption of organizational strategy.
This Budgeting, Planning & Financial Reporting Masterclass training course will highlight:
Principles and techniques off strategic and budget planning
Planning, executing, controlling and adapting strategy
Essentials of cost analysis, control and reduction
Comprehensive guide to financial reporting
Designing management reports, dashboards and presentations
This PetroKnowledge training course is split into two modules:
Each module is structured and can be taken as a stand-alone training course; however, delegates will maximise their benefits by taking Module 1 and 2 back-to-back as a two-week training course.
What are the Goals?
This PetroKnowledge training course has been designed to provide you with up to date knowledge and practical skills in strategic and tactical planning, and financial reporting.
At the end of this Budgeting, Planning & Financial Reporting Masterclass training course, you will have learned to:
Use budgets to manage strategic execution
Employ up-to-date techniques in cost analysis and control
Prepare and present effective financial reports
Combine non-financial KPIs in management dashboards
Apply planning and reporting to improve decision-making
Who is this Training Course for?
This training course would be relevant to all of those involved in the preparation, presentation, and interpretation of corporate budgets and financial reports from both the private and public sector; both in commercial businesses, government, and not-for-profit organizations.
This Budgeting, Planning & Financial Reporting Masterclass training course is suitable to a wide range of professionals but will greatly benefit:
Budgeting and Planning Team
Head Office Staff
Financial Forecasting Team
Those with reporting responsibility
How will this Training Course be Presented?
This training course will be structured as a highly participative workshop with formal presentations, case studies and interactive worked examples. Relevant examples and case studies are provided to illustrate the application of each of the topics covered, and opportunities are provided to learn and apply the key principles using practical examples and exercises
The organization will benefit from the development and practical application of advanced skills in forecasting, planning and reporting, within a framework to facilitate the execution, control and adaption of business strategy; specific benefits for the organization will include:
Improved planning and forecasting resources
Access to up-to-date cost analysis and control techniques
High quality management reports and dashboards
Effective integration of key financial and non-financial metrics
Improved organizational decision-making
Delegates will benefit from updated knowledge and practical skills in planning, forecasting and reporting that will allow them to make a greater contribution to the development and improvement of corporate management whilst at the same time enhancing their own career development potential.
Specific benefits from this Budgeting, Planning & Financial Reporting Masterclass training course will include:
Improved planning, budgeting and forecasting skills
Application of advanced cost analysis and control methods
Comprehensive update on IFRS reporting
Usable skills in designing reports and dashboards in Excel
Tips on designing and presenting effective reports