Financial planning and budgeting are critical to the success of a business entity - for-profit or otherwise. Financial plans and budgets are an integral part of strategic planning that are indispensable in the deployment and effective allocation of resources to achieve the entity's long- and short-term objectives.
Day 1 of this workshop provides you with an understanding of the strategic planning process. It highlights the coordinated, complementary and contributory roles of both budget approvers and holders towards effective corporate planning and control. This workshop also provides you with insight on how business plans are devised and how actual performance is analysed against budget. The relevance and importance of the Cash Flow Forecast and its impact on Cash Flow Management will be explained.
Day 2 illustrates and explains the sequential preparation of the operating budgets leading to preparation of the Cash Budget and Budgeted Financial Statements. The day, and hence the workshop, ends with completing the strategic planning process by equipping you with capital budgeting technics based on discounted cash flows (DCFs) which are essential decision-making tools to achieve both short- and long-range corporate objectives of all organisations.
This financial training course will benefit members of budget committees, budget approvers and holders, heads of business units and departments, financial controllers and managers.
Budgeting and Long-range Planning
Chow Chan Kwan has more than 15 years of experience as General Manager of various manufacturing subsidiaries of a multinational company in Singapore and China. He has also delivered accounting and finance lectures to students pursuing the Certificate in Management (CIM) at the Singapore Institute of Management (SIM), and conducted in-house financial training during the initial stage of his career as a statistics and research officer at a Malaysian Bank.
Chow holds a Master of Business Administration (MBA) degree in Accounting and Finance from Ohio University in the USA. While pursuing his MBA degree, he delivered accounting lectures to freshmen students, a provision under the university's Graduate Assistant Scholarship Scheme.
Chow is currently a professional trainer and consultant, specialising in Accounting, Finance and Strategic Management.