Advanced Budgeting and Financial Statement Analysis
Finance, Accounting & Cybersecurity
Fees:
Venue: Rome , Italy
Start Date: 2025-11-23
End Date: 2025-11-27
Duration: 5 days
Course Content:
Training Objectives and Goals:
- Explain
the strategic role of budgeting and financial reporting in driving
business performance and accountability
- Prepare
and evaluate different types of budgets (e.g., master,adepartmental,
capital expenditure) aligned with organizational goals
- Analyze
financial statements using ratio analysis and other tools to assess a
company's profitability, liquidity, efficiency, and solvency
- Apply
cost management techniques, including cost-volume-profit analysis,
contribution margin, and break-even analysis, for operational and
strategic decision-making
- Differentiate
between traditional and modern budgeting and costing methods, including
activity-based costing (ABC) and activity-based budgeting (ABB)
- Utilize
financial modeling tools such as Excel and Power BI to conduct variance
analysis, build forecasts, and support financial planning
- Assess
investment opportunities and business valuations using capital budgeting
techniques such as NPV, IRR, and discounted cash flow (DCF)
- Integrate
financial analysis into strategic planning, including risk management,
ethical considerations, and sustainability metrics (e.g., triple bottom
line).
Detailed Training Content (5 days):
Day1: Introduction to Advanced Budgeting and Financial Statement Analysis
- Explaining the purpose and
strategic role of budgeting in business success
- Understanding accounting
principles for planning and control
- Identifying the purpose
and primary users of financial information
- Understanding the
structure and key components of annual reports and accounts
- Explaining creative
accounting and financial scandals, and the importance of ethical financial
reporting
- Explaining the purpose and
significance of the three main financial statements:
- Income Statement
- Balance Sheet
- Statement of Cash Flows
- Exercise: Navigating and
interpreting a real company's annual report
- Exploring types of budgets
and budgeting models in accounting:
- Master, operational,
departmental budgeting
- Rolling forecasts vs.
fixed budgets
- Zero-based budgeting (ZBB)
- Explaining the budgeting
process and its key stages
- Guidelines for preparing
financial statements and cost evaluation
- Exploring modern budgeting
techniques:
- Activity-based budgeting
(ABB)
- Activity-based management
(ABM)
- Understanding budgetary
control and variance analysis techniques
- Exercise: Building a
sample budget framework
Day3: Cost Management for Budgeting Purposes
- Understanding types of
costs and cost structure:
- Fixed vs. variable costs
- Direct vs. indirect
costs
- Exploring analytical
models for cost-behavior and profitability:
- The cost-volume-profit
analysis
- Contribution margin
analysis
- Break-even analysis
- Discussing cost
forecasting techniques and working capital optimization strategies
- Comparing traditional and
advanced costing techniques:
- Activity-based costing
(ABC)
- Lean accounting
- Kaizen costing
- Understanding performance
measurement systems and best practices for budgeting and performance
measurement
- Explaining Elkington’s
triple bottom line for evaluating performance:
- Profit
- People
- Planet
Day4: Financial Statements Analyzing Techniques
- Understanding ratio
analysis techniques for assessing financial position and financial
performance:
- Profitability ratios
- Liquidity ratios
- Activity (efficiency)
ratios
- Gearing ratios
- Explaining the
Cost-Volume-Profit (CVP) and working capital analysis techniques
- Exploring Excel-based
financial analysis techniques and tools
- Exploring advanced
analytical tools and models:
- DuPont pyramid of ratios
- Segmental analysis
- Value-added analysis
- Reviewing statistical
techniques and tools for analyzing and forecasting financial data
- Comparing cash flow
forecasting and profit forecasting approaches
- Exercise: Using Excel
tools for financial modeling and performance evaluation
Day5: Strategic Financial Decision-Making and Business
Financing
- Guidelines for identifying
long-term debt, equity, and short-term financing using the balance sheet
- Understanding capital cost
models:
- Weighted Average Cost of
Capital (WACC)
- The Cost of Debt
- The Cost of Equity
- Exploring capital
investment appraisal techniques:
- Net present value (NPV)
- Internal rate of return
(IRR)
- Modified internal rate of
return (MIRR)
- Equivalent annual cost
(EAC)
- Assessing various business
valuation models:
- Market capitalization
method
- Time revenue method
- Discounted cash flow (DCF)
method
- Earning multiples method
- Book value method
- Discussing the importance
of integrating ESG and non-financial metrics into decision-making
- Understanding risk
analysis and management strategies to ensure organizational resilience
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