About the Course
Duration
3 Days - Virtual
Course Features
Generate maximum return.
Effective leaders make investment decisions that allocate limited capital resources to achieve organizational goals and minimize risk. Great leaders stand out not because they have access to particularly rich information, but because they seek the most useful information and accurately evaluate potential risk and return.
Leaders must be proficient in capital budgeting to ensure that capital resources are strategically implemented to generate maximum return. This course aims to equip business leaders with the terminology, skillset, and the strategic mindset required to navigate a complex business environment, evaluate competing investment options, execute budgeting decisions that achieve goals, and effectively communicate their decisions and impact.
Prerequisite
Finance for the Non-Financial Manager course.
Course Objectives
By the end of this course you will be able to:
- Budgeting and financial concepts and terms
- How to analyze financial reports
- The decision making and strategies that go into creating a budget
- Best practices in establishing financial controls and procedures
- How today’s financial decisions can impact future sustainability of your organization
- How to develop a financial forecast
Who Should Attend
- Professionals of any level, and in any function, who make spending decisions and budget allocation determinations and who need to understand how risk and return affect internal financial management decisions
- Managers looking to make effective financial decisions in uncertain business environments
- General business, operations, and human resources leaders in charge of resource allocation
- Individuals assessing potential investment opportunities
Course Agenda
Day 1
8:30 – 9:00am
Registration and Breakfast
9:00am – 12:00pm (including a coffee break)
Morning session: Forecast cost (part I): Understanding cost
- Cost behavior
- Cost volume profit analysis
12:00 – 1:00pm
Lunch and Afternoon Preparation
Afternoon Session: 1:00 – 4:00pm (including a coffee break)
Afternoon Session: Forecast cost (part II): Activity-based costing
- Traditional ABC
- Time-driven ABC
Day 2
8:30 – 9:00am
Breakfast
9:00am – 12:00pm (including a coffee break)
Morning session: Speak the capital budgeting language (Part I): Time Value of Money
- Discounted cash flow
- Net present value
12:00 – 1:00pm
Lunch and Afternoon Preparation
1:00 – 4:00pm (including a coffee break)
Afternoon Session: Speak the capital budgeting language (Part II): Techniques
- Payback period
- Internal Rate of Return
Day 3
8:30 – 9:00am
Breakfast
9:00am – 12:00pm (including a coffee break)
Morning session: Make investment decisions scientifically and intuitively (Part I): Tools
- Cost Benefit analysis
- Relative information
12:00 – 1:00pm
Lunch and Afternoon Preparation
1:00 – 4:00pm (including a coffee break)
Afternoon Session: Make investment decisions scientifically and intuitively (Part II): Your story
- Review concepts
- Reciprocal learning
