Training Course on Financial Planning and Analysis (FP&A)

Course Description

Financial planning is the process of raising funds and allocating these funds on the basis of a business strategy. The starting point of the financial plan is the organization’s Mission/ Vision Statements. It is almost impossible for an organization to be financially viable without preparing a proper financial plan. This includes financial feasibility studies before the operations and preparing budgets and forward plans during the operations. Not all businesses achieve success and one of the reasons is the lack of financial planning. Financial reports give a deep insight into the financial health of the company. Business owners, directors, and the top management must have the ability to go behind the figures in the financial reports so as to understand the current financial health and plan for the future.

It is, therefore, crucial to understand the financial statements of the company and differentiate between various statements produced in an annual report and grasp the flow of information. Financial Planning and Analysis teams play an important role by preparing budgets and forecasts supporting major decisions taken by the Boards and CEOs. In this regard, various types of budgets and forward plans will also be covered.

This Training Course on Financial Planning and Analysis (FP&A) offered by Phoenix Center for Policy, Research and Training will empower the Directors, both executive and non-executive, CEOs, and other Senior Executives of the organization to understand the financial statements, measure assets and liabilities of the company, cost behaviour, and variance analysis for better analysis and decision-making. The most critical part of a financial plan is to understand the judicial utilization of the funds. This Training Course on Financial Planning and Analysis (FP&A) offered by Phoenix Center for Policy, Research and Training will also provide the necessary understanding of different sources of funds and where to deploy these funds in various departments. This includes Capital Investments appraisal, understanding various components of Working Capital, and advantages of having an efficient Enterprise Resource Planning system.

Course Objectives

Upon the successful completion of this Training Course on Financial Planning and Analysis (FP&A), participants will be able to:

• Appreciate the importance of effective financial planning and its impact on profitability
• Understand Various sources of finance with their utilization, based on the cost of capital
• Take sound investment decisions based on proper appraisal
• Obtain an overview of the financial statements and management reports to evaluate the company’s performance
• Understand the concepts of ratio/ horizontal/ vertical analyses
• Prepare competitor analysis, market trends, and related explanations for top-level discussions
• Understand cost behaviour and its effect on financial planning
• Provide detailed analysis and observations on the results of individual business units
• Understand various types of budgets and use the one most suited to the organization
• Use financial modeling to forecast the profitability and cash flows with sensible assumptions
• Understand the different components of working capital and reduce the operating cycle
• Differentiate between capital and revenue expenditure and plan accordingly
• Understand all components of working capital and how to optimize them
• Liaise with senior management to prepare the business’s financial and strategic plans with proper assumptions
• Explore the benefits of having an efficient E.R.P. system integrating financial information with other business units
• Maintain a fine balance between inventory, debtors, and creditor levels
• Understand the best practice of financial planning and management

Training Methodology

The course is designed to be highly interactive, challenging and stimulating. It will be an instructor led training and will be delivered using a blended learning approach comprising of presentations, discussions, guided sessions of practical exercise, case study review, web-based tutorials, group work, exploration of relevant issues collaborative strength training, performance measurement, and workshops of participants’ displays, all of which adhere to the highest standards of training. The training technique is built on learning by doing, with lecturers using a learner-centered approach to engage participants and provide tasks that allow them to apply what they’ve learned. Experiential knowledge is also given equal importance within the format of training. Our facilitators are seasoned industry professionals with years of expertise in their chosen fields. All facilitation and course materials will be offered in English.

Who Should Attend?

This Training Course on Financial Planning and Analysis (FP&A) would be suitable for, but not limited to:

• Members of the Board of Directors
• C-suite Executives, CEOs, CFOs, and COOs
• External and Internal Auditors
• Members of the Audit Committees of the Board
• Senior Executives, Members of Management Committees
• Professionals associated with the finance function
• Shareholders and Business Owners eager to learn the fundamentals of financial planning

Course Outline

Module 1: 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
• 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

Requirements

• Participants should be reasonably proficient in English.
• Applicants must live up to Phoenix Center for Policy, Research and Training admission criteria.

NOTE

1. Discounts: Organizations sponsoring Four Participants will have the 5th attend Free
2. What is catered for by the Course Fees: Fees cater for all requirements for the training – Learning materials, Lunches, Teas, Snacks and Certification. All participants will additionally cater for their travel and accommodation expenses, visa application, insurance, and other personal expenses.
3. Certificate Awarded: Participants are awarded Certificates of Participation at the end of the training.
4. The program content shown here is for guidance purposes only. Our continuous course improvement process may lead to changes in topics and course structure.
5. Approval of Course: Our Programs are NITA Participating organizations can therefore claim reimbursement on fees paid in accordance with NITA Rules.

Booking for Training

Simply send an email to the Training Officer on training@phoenixtrainingcenter.com and we will send you a registration form. We advise you to book early to avoid missing a seat to this training.

Or call us on +254720272325 / +254737566961

Payment Options

We provide 3 payment options, choose one for your convenience, and kindly make payments at least 5 days before the Training start date to reserve your seat:

1. Groups of 5 People and Above – Cheque Payments to: Phoenix Center for Policy, Research and Training Limited should be paid in advance, 5 days to the training.
2. Invoice: We can send a bill directly to you or your company.
3. Deposit directly into Bank Account (Account details provided upon request)

Cancellation Policy

1. Payment for all courses includes a registration fee, which is non-refundable, and equals 15% of the total sum of the course fee.
2. Participants may cancel attendance 14 days or more prior to the training commencement date.
3. No refunds will be made 14 days or less before the training commencement date. However, participants who are unable to attend may opt to attend a similar training course at a later date or send a substitute participant provided the participation criteria have been met.

Tailor Made Courses

This training course can also be customized for your institution upon request for a minimum of 5 participants. You can have it conducted at our Training Centre or at a convenient location. For further inquiries, please contact us on Tel: +254720272325 / +254737566961 or Email training@phoenixtrainingcenter.com  

Accommodation and Airport Transfer

Accommodation and Airport Transfer is arranged upon request and at extra cost. For reservations contact the Training Officer on Email: training@phoenixtrainingcenter.com or on Tel: +254720272325 / +254737566961