Understanding the importance of budgeting is the first step in successful financial planning. This course introduces the concept of budgeting and explains in detail the key concepts of preparing and controlling a budget. The course then moves on to identify the main components of a typical financial plan and explain the role of modeling in financial planning. The fundamentals of cash and credit management, along with working capital management, are also described.
Objectives In this course, you will explore: - the fundamentals of budgeting - the preparation and control of a budget - the process of cash collection and disbursement, and the determination of the cash balance that will minimize opportunity costs and trading costs - key credit management issues - the financial planning process and the use of models to forecast a firm's future financial performance - the importance of working capital management
Prerequisite Knowledge A reasonable level of mathematic understanding is assumed.
Learner Profile This course is designed for: - new recruits to banking and financial organizations - senior managers - financial managers - finance and accounting staff - sales and marketing executives - IT staff - compliance and regulatory staff
