COURSE OVERVIEW

What is corporate financial planning and analysis? Corporate financial planning and analysis is the process of developing short- and long-term financial goals for your business. ZTS recommends dynamic financial planning as part of its process to implement corporate financial planning within businesses.

Financial planning and analysis (FP&A) are the budgeting, forecasting and analytical processes and procedures that assist an organisation’s financial health and business strategy. What does a corporate finance team do? FP&A analysts, managers, and directors are accountable for providing senior management with the financial analysis and information they require to make major operational, financial, and strategic decisions.

In this ZTS course, participants will be empowered to practice, and exercise dynamic corporate financial planning to get more focused, make better decisions, and build their confidence and peace of mind to recognise they are on a path that gets the results they want.  Most importantly, Financial Planning also provides companies a financial baseline to make good decisions and find ways to exceed their current expectations.

Course Objectives

Upon completing this Corporate Financial Planning and Analysis Course successfully, participants will be able to:

• Describe the key function and purpose of financial planning and budgeting, and how they contribute to various business goals
• Enlighten and explain the key function and purpose of financial performance analysis
• Determine the right use of key analysis tools to provide required business insights
• Perform and interpret key analyses, forming a set of performance metrics to inform business planning and operations

TRAINING METHODOLOGY

This collaborative Corporate Financial Planning and Analysis Course will comprise of the following training methods:

• Lectures
• Seminars & Presentations
• Group Discussions
• Assignments
• Problem Solving Exercises
• Case Studies & Functional Exercises

ZTS follows the ‘Do-Review-Learn-Apply’ model.

Organisational Benefits

Companies who nominate their employees to participate in this Corporate Financial Planning and Analysis Course can benefit in the following ways:

• Know the theory and practices of corporate financial reporting
• Practice and use financial reporting theory and best practices to analyse the performance of a company
• Design suitable business policies and strategies to meet stakeholder and shareholder expectations and needs in the light of the recent changes in financial reporting
• Identify and evaluate financial statements
• Define and explain the reasoning behind the rules underpinning corporate financial reporting and the history of their development
• Illustrate and expound on how the rules of corporate financial reporting effect the application of standards
• Identify and discover assumptions, assess and evaluate statements in terms of evidence, to identify and detect false logic or reasoning, to identify implicit values, and to define terms adequately and to generalise appropriately

Personal Benefits

Individuals who participate in this Corporate Financial Planning and Analysis Course can gain from it in the following ways:

• Create, evaluate and access a variety of different outcomes and the ability to justify the chosen outcome
• Demonstrate and exhibit numeracy and active quantitative problem solving and decision-making skills (including data analysis, interpretation and extrapolation)
• Have the capability to interpret information based on scientific analysis
• Apply research skills into financial reporting issues
• Demonstrate effective communication skills
• Demonstrate time management skills (including effective self-management in terms of time, planning and behaviour, motivation, self-starting, individual initiative and enterprise)
• Gain digital and information literacy skills

WHO SHOULD ATTEND?

This course is designed and planned to support learners who need to engage and work with large volumes of financial data. This includes entry-level finance or accounting professionals who would like to develop and grow to higher-skill positions and current finance professionals. It would also be useful and beneficial for new managers and leaders, as well as business workers and entrepreneurs.

COURSE OUTLINE

Module 1: CORPORATE FINANCIAL PLANNING AND MANAGEMENT

• Introduction to Corporate Finance
• Overall Strategic Plan
• Mission / Vision Statement
• Majority Shareholders & Management
• Minority Shareholders
• Other Business Partners

Module 2: SOURCES OF FINANCE

• Equity and Debt Financing
• Gearing ratios
• Cost of Capital
• Weighted Average Cost of Capital
• Decisions regarding Dividend Payments

Module 3: CAPITAL EXPENDITURE

• Capital Investment Appraisal
• Return on Investment
• Payback period
• Net present Value
• Internal Rate of Return
• Lease or Buy Decisions
• Tax Implications thereof

Module 4: WORKING CAPITAL CONTROL

• Inventory Control
• Accounts Receivable
• Accounts Payable
• Reconciliation of Sub-ledgers
• Other Current Assets & Current Liabilities
• Tax and Deferred Taxation

Module 5: ENTERPRISE RESOURCE PLANNING (ERP)

• Sales
• Bill of material
• Material Management
• Procurement
• Production
• Finance

Module 6: BUDGET PROCESS AND MANAGEMENT

• Preparation of Master Budget
• Fixed v/s Flexible Budgets
• Quarterly Reviews
• Forward Planning
• Budget/ Actual Comparison
• Zero Based Budgets

Module 7: COST ACCOUNTING

• Total Absorption Costing
• Marginal Costing
• Contribution Margin
• Break-even Analysis
• Sensitivity Analysis
• Variance Analysis
• Price Variance
• Quantity Variance
• Mix Variance

Module 8: FINANCIAL ACCOUNTING

• Accounting Conventions
• Accounting Policies
• Revenue Recognition
• Case Study: Worldcom / Enron Scandals
• International Accounting Standards (IAS)
• International Financial Reporting Standards (IFRS)

Module 9: FINANCIAL REPORTING

• Components of Financial Reports
• Balance Sheet
• Profit & Loss Statement
• Statement of Cash Flow
• Statement of Changes in Equity
• Accompanying Notes to the Accounts
• Ratio Analysis
• Vertical Balance Sheet & P&L Statement
• Horizontal Balance Sheet & P&L Statement
• DuPont Model

Module 10: CASE STUDY

Financial Statements of a Manufacturing Company