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Who should attend
Every manager with budget responsibilities who is interested in developing or improving their budget planning skills
About the course
Like it or not, the budget is the yardstick that top management uses to measure your actual performance. And in today’s tight economy, the manager who knows budget planning and how to apply it effectively wins hands down over the one who doesn’t.
So, if you’re a new manager who’s “just a little nervous” about budget planning…or an experienced one who wants to get a lot more out of the yearly chore…or if you just want to “hold your own” with financial managers, this seminar is for you!
## Course Objectives
This course covers project evaluation, allocation and management of capital assets, rates of return and costs of capital, debt- equity balance and impact on share prices, and long-term profit planning. Examines capital investment decisions including cash flow analysis, tax effects, project evaluation and ranking, capital rationing, and the treatment of uncertain cash flows.
This course is proceeded through numbers of presentations and discussions on different issues on capital budgeting. In so doing, students are trained to have an overview on broad topics, which could be incorporated into their future research
## Course Outline
How to Prepare Your Departmental Budget
Prepare a Departmental Spending Budget
Budget Expenses More Accurately
Prepare a Capital Budget
Justify Capital Expenditures
Getting Your Budget Approved
- Explain How the Review Process Works
- Manage the Review Process More Effectively
- Prepare Contingency Plans
- Explain Behavioral Consequences of the Budgeting Process
- Identify the "Fat" in Your Budget
Measuring Performance against the Budget
Identify Significant Variances
Analyze Budget Variances
Describe the Characteristics of a Good Budget Reporting System
Determine When a Budget Should Be Revised during the Year
Foundations for Capital Budgeting
- Preliminary Steps
- Capital Budgeting Methods With No Risk
- Capital Budgeting Methods With Risk
- Apply Knowledge in an Exercise
Capital investment evaluation tools Marginal cash flow identification and taxes Inflation, foreign exchange movements, and capital investment analysis
Capital Structure and Leverage
Explaining Financial Leverage
The Impact of Working Capital on Leverage
Capital Structure and the Value of Stock
Capital Structure and the Value of the Firm
Capital Structure Controversies
Sources of Capital
Lease versus Loan
Apply Knowledge in an Exercise
Videos and materials
Because of COVID-19, many providers are cancelling or postponing in-person programs or providing online participation options.
We are happy to help you find a suitable online alternative.