Master Strategic Financial Planning for Business Success

Course Description

This comprehensive 5-day course equips finance professionals with advanced skills to integrate budgeting, forecasting, and business planning processes. Participants will learn to develop strategic financial plans, create accurate forecasts, and align budgets with organizational goals. The course combines theoretical concepts with practical applications to enhance decision-making and drive business performance.

Learning Objectives

• Develop an integrated approach to budgeting, forecasting, and business planning
• Master advanced forecasting techniques and financial modeling
• Align budgets with strategic objectives and key performance indicators
• Enhance decision-making through improved financial analysis and reporting
• Implement best practices in rolling forecasts and scenario planning

Course Modules

Day 1: Foundations of Integrated Financial Planning

• Overview of budgeting, forecasting, and business planning
• Integrating financial processes with organizational strategy
• Key components of effective financial plans
• Best practices in financial planning and analysis

Day 2: Advanced Budgeting Techniques

• Zero-based and activity-based budgeting
• Flexible and rolling budgets
• Capital budgeting and investment appraisal
• Budgeting for different organizational structures

Day 3: Forecasting Methods and Financial Modeling

• Statistical forecasting techniques
• Building robust financial models
• Scenario analysis and sensitivity testing
• Monte Carlo simulation for risk assessment

Day 4: Strategic Business Planning

• Aligning financial plans with corporate strategy
• Developing key performance indicators (KPIs)
• Balanced Scorecard approach to planning
• Long-term financial planning and sustainability

Day 5: Integration and Performance Management

• Integrating budgets, forecasts, and business plans
• Performance measurement and variance analysis
• Financial reporting and dashboard creation
• Continuous improvement in financial planning processes

Practical Wins for Participants

• Create an integrated financial planning framework for their organization
• Develop accurate and flexible budgets aligned with strategic objectives
• Build advanced financial models for improved forecasting and decision-making
• Implement a performance management system linking strategy to execution