Financial Planning and Management
15 Hours 

Course Outline: Financial Planning and Management

Course Description:

This intensive course equips business leaders and managers with advanced knowledge and skills in financial planning and management, essential for driving profitability and sustaining value in any organization. The curriculum covers critical financial components, including financial ratios, cost control, cash flow, balance sheets, and income statements. Participants will learn to interpret these elements to assess the financial health of their organizations and utilize financial reports as strategic management tools.

Course Objectives:Enhance understanding of financial planning and its integration with business strategy.

Develop proficiency in preparing and analyzing pro-forma financial statements.

Master pricing models, break-even analysis, and cost control techniques.

Gain expertise in financial management practices and accounting principles.

Build effective relationships with lenders and manage financing options.

Implement robust financial controls to optimize business expenditure.

Course Modules:

Module 1: Financial Planning

Integration with Business Plan: Align financial planning with overall business strategy.

Financial Projections: Forecast future financial performance based on historical data and market trends.

Pro-forma Statement of Operations: Prepare projected income statements to estimate future profitability.

Module 2: Pricing and Cost Analysis

Pricing Models: Develop strategies for setting product/service prices to achieve business goals.

Break-even Analysis: Determine the sales volume at which total revenues equal total costs.

Overhead Costs: Analyze and manage fixed and variable costs associated with running a business.

Margin/Mark-up: Calculate profit margins and mark-up percentages to ensure profitability.

Module 3: Financial Statements Preparation

Pro-forma Statement of Financial Position: Create projected balance sheets to assess future financial standing.

Pro-forma Cash Flow Statement: Develop cash flow projections to predict future liquidity needs.

Module 4: Financial Management Practices

Accounting Concepts, Principles, and Practices: Master fundamental accounting principles and their application.

Bookkeeping: Maintain accurate and systematic financial records.

Financial Statements: Prepare and analyze income statements, balance sheets, and cash flow statements.

Module 5: Evaluating Financial Performance

Financial Performance Measures: Use key financial ratios and metrics to evaluate business performance.

Module 6: Financing and Credit Management

Financing: Explore various financing options and strategies.

Working with Lenders: Develop strong relationships with financial institutions.

Credit Arrangements: Manage credit terms and agreements effectively.

Loan and Collateral Security Requirements & Arrangements: Understand the requirements and arrangements for securing loans.

Module 7: Cost Control and Procurement

Cost Control: Implement robust cost control measures to optimize expenditure.

Purchase Order System: Utilize purchase orders to manage procurement and expenses.

Controls for Extras and Changes: Establish controls to manage additional costs and project changes.

Examination:

The online course culminates in a final exam designed to test participants' comprehension of the course material.

Exam Details:

Duration: 2 hours

Passing Grade: 70%

Important Note: Once started, the exam timer cannot be paused or stopped.

This course prepares participants to strategically manage their organization's financial resources, ensuring sustainable growth and long-term success.