February 25th - 28th 2013
Dubai
Effective Budgeting
and Cash Flow Management
Please, consider NOT to include this page in the printed version in order to preserve the environment
February 25th - 28th 2013
Dubai
Effective Budgeting and Cash Flow Management
Overview:
Although today’s finance professionals are still required to fulfil their traditional role of maintaining good
financial control, sound corporate governance and best practice, there is an increasing expectation
that the best finance executives also support the organisation by providing relevant systems and
information that enables strategic decision-making, adding value to the business and providing
focused support to the Board. Two of the key areas where the finance executive can add real value
to the organisation include budgeting and cash flow management and planning. This course looks at
the key principles, best practice and up to date thinking in these two important areas and will provide
delegates with the basis on which they can add further value to their own organisation.
Cash Flow
The statistics for corporate failures highlight the many companies that collapse every year because
they did not pay heed to economic management practises. Effective cash flow management is the
key to business survival and growth, yet many managers and business
owners are unclear about the key drivers of strong cash flow and do
not know the most important measures to monitor and control it. This
course covers all aspects of cash flow management: What it is, how to
measure and monitor it, and how to effectively control and improve it.
Budgeting
Success in any organisation depends on being able to develop and
implement effective plans to achieve the organisation’s objectives.
Although some see budgeting as a burden, the most successful
organisations use the budget process to produce powerful plans
to keep them on track to deliver their goals and vision. This course
provides you with an up-to-date guide to the effective budgeting of
your business including tailored cost control techniques.
To register, contact:
Matthew Kalman, Project Manager
Tel: +971 4367 1383 - Fax: +971 4367 2764
Email: matthew.kalman@mihacademy.com
Who should attend
Finance managers and accountants; any manager
responsible for key commercial aspects of their business;
and business owners and bankers.
Any manager responsible for delivering organisational
objectives and targets, managers in charge of developing
frameworks for improving public or private sector
performance, and professionals responsible for preparing
and controlling departmental budgets.
Our philosophy
naseba comes from the Japanese expression
naseba naru, which when translated means:
When there is a will there is a way.
The word naseba can literally be translated as: If
you make it happen. naseba is all about creating
opportunities for success.
Each of our Make it Happen courses gives
professionals from different industries new skill
sets, strategies and techniques so they can make
it happen.
Disclaimer: This document is for promotional purposes only and shall not be considered contractually binding. The content of the event, its dates, venue, agenda or speakers may be subject to change during the course of the event’s preparation.
February 25th - 28th 2013
Dubai
Tr ainer’s profile
Course Highlights:
You will learn from an international trainer who has extensive experience and business
Cash Flow Management
• Learn why cash flow is the key to business survival and growth
• Get practical tips to improve working capital management and profit
• Identify critical success factors for strong results
• Understand how winning organisations use powerful KPIs
• Develop KPIs that help you deliver results
knowledge.
• An international training consultant providing training, coaching and advisory
services to high growth firms
• More than 20 years’ senior management level experience in international
businesses
• Holds a degree in Mathematics and Business, and is an Associate of the
Chartered Institute of Management Accountants
Stan Dwight
Stan Dwight is an international training consultant providing training, coaching and advisory
services to high growth firms in areas of business development, financial planning and reporting,
cash-flow and working capital management, strategy, restructuring and change management.
Budgeting
• Learn how to tie your strategy to effective annual budgets
• Get practical tips to improve budgeting in your organisation
• Identify critical success factors for your organisation
• Understand how winning organisations harness the power of the Balanced Scorecard
• Develop KPIs that will help you to deliver results
With over 20 years of senior management level experience in international businesses, he has had
notable success in building and leading finance teams in Europe, Scandinavia and the US.
For more than ten years Stan has gained considerable international expertise training finance
professionals and senior non-financial colleagues. His specialty lies in developing key business
finance skills and enabling participants to improve strategic decision-making;consequently
improving their bottom line results.
Stan’s own experience includes strategic planning and budgeting, reporting and presenting the
results of an international public limited company, asset appraisal, acquisition and divestment. He
has also been involved in setting up new businesses in Europe and the US - presenting strategic
investment proposals on a regular basis to boards, non-finance managers and executives.
After gaining his degree in Mathematics and Business, he became an Associate at the Chartered
Institute of Management Accountants.He is now studying for a Master’s in Business Administration
at Henley Business School.
Stan has extensive experience in working with finance and non-finance professionals both in the
UK and internationally. As a result he has a wide experience of varying business and cultural
practices and is able to bring this to bear in his work with current and future clients.
To register, contact:
Matthew Kalman, Project Manager
Tel: +971 4367 1383 - Fax: +971 4367 2764
Email: matthew.kalman@mihacademy.com
Disclaimer: This document is for promotional purposes only and shall not be considered contractually binding. The content of the event, its dates, venue, agenda or speakers may be subject to change during the course of the event’s preparation.
February 25th - 28th 2013
Dubai
Why attend?
The course is dynamic, interactive and the programme is focused on re-education.
Networking:
Learn from a leading trainer who has strong financial, educational and commercial
MiH Professional Training Academy pays close attention to enhancing client networks. Our
experience.
agenda includes networking breaks and lunches to enable interaction with the trainer and
Take away tools:
This course is designed to be thought provoking and provides you with an action framework
appropriate to your job role. You learn and develop many skills and strategies to aid the
growth of your business.
other attendees.
Reputation:
naseba has substantial experience in organising top business events. Excellence, the
highest-quality professionals and the presentation of superior networking opportunities are
our guiding principles.
Content:
Certificate of attendance:
The main objective of this intensive four-day course and its modules is to equip you with the
All delegates receive a MiH Professional Training Academy certificate at the end the course
insight and skills necessary for professional development. You will cover all aspects of cash
- personally signed by the trainer.
flow management; what it is how to measure and monitor it and how to effectively control and
improve it. You will also be provided with an up to date guide to the effective budgeting of your
business including tailored cost control techniques.
Pre course questionnaire:
Prior to the training programme you are required to complete a short pre-course questionnaire
which gives us the opportunity to tailor the course to your requirements.
Individual needs:
An emphasis on individual needs and challenges allows for practical solutions to real-life
scenarios.
Beyond the course:
Virtual groups allow attendees to stay in touch with each other and the trainer after the
course to discuss the day-to-day implementations of what has been learnt.
Disclaimer: This document is for promotional purposes only and shall not be considered contractually binding. The content of the event, its dates, venue, agenda or speakers may be subject to change during the course of the event’s preparation.
February 25th - 28th 2013
Dubai
AGENDA
Day one
Day two
Day three
Day Four
08:30 - 09:00
Introductions
Course objectives
Personal objectives
Introduction to course
08:30 - 08:45
Review key points from Day 1
Question and answer session
08:30 - 09:00 (Session 1)
Creating and delivering value
08:30 - 09:00
Review key points from Days 2 and 3
Question and answer session
09:00 - 10:30 (Session 1)
The role of the finance professional
Financial management in the 21st century
Adding value through finance
08:45 - 10:30 (Session 1)
The capital investment process
Capital investment authorisation and control
Capital investment appraisal methods
Lease or buy decisions
Analysing and interpreting financial statements
Financial analysis: Profit and cash flow Measuring
financial strength and return on investment
Balance sheet limitations
Measuring financial strength
Analysing financial statements
Measuring business solvency
Measuring business liquidity
Predicting business failure
10:30 - 11:00 (Coffee)
10:30 - 11:00 (Coffee)
11:00 - 12:45 (Session 2)
Sources of business funds
Sources of funding
The dividend decisions
Advantages and disadvantages of equity funding
Overview of what debt relief providers are looking for
Advantages and disadvantages of debt funding
Financial funding strategy
11:00 - 12:45 (Session 2)
Understanding and improving profit
Why strong profits are an essential source of business funds
The vital difference between profit and cashflow
Gross margin and break-even: The key to understanding profit
Methods of pricing for products and services
Effective ways to improve profit
Understanding working capital
Understanding and managing the trade cycle
Understanding and avoiding over trading
The key components of working capital
Why working capital is key to a strong cash flow
12:45 - 13:45 (Lunch)
13:45 - 15:00 (Session 3)
Managing working capital
Funding working capital
Inventory management and optimisation
Credit management and collections
Understanding and managing the cash float
15:00 - 15:30 (Tea)
15:30 - 16:30 (Session 4)
Cash forecasting
Objectives of cash forecasting
Direct method
Indirect method using Excel™
Measuring business performance
Risk and return
Measuring return on investment
Why some companies are more profitable than others
Capital utilisation
DuPont analysis - using a pyramid of ratios
12:45 - 13:45 (Lunch)
13:45 - 15:00 (Session 3)
Developing and implementing key performance indicators (KPI)
The key drivers of cashflow
Identifying key success factors and KPIs
Seven characteristics of KPIs
14:30 - 15:30 (Lunch)
15:30 - 16:30 (Session 4)
KPI case study
Using concise management reports to monitor and
control cashflow
Developing a powerful ‘cash flow control dashboard’
09:00 - 10:30 (Session 2)
Strategic planning
Creating and articulating the organisation’s vision and objectives
Organisational stakeholders and balancing their
objectives
A framework for strategic planning
Tools for strategic analysis
10:30 - 11.00 (Coffee)
11:00 - 12:00 (Session 3)
Developing a winning strategy
The basis of competitive advantage
Three generic strategies
Examples of winning strategies
12:00 - 12:45 (Session 4)
What is budgeting?
Linking budgets to strategic objectives
The objectives of budgeting
Styles of budgeting
Dysfunctional budgeting
12:45 - 13:45 (Lunch)
13:45 - 15:00 (Session 5)
Preparing a budget
The budget manual
Limiting budget factor
The sales budget
Overhead budgets
Capital expenditure budgeting
Cash budgeting
Preparing the master budget
Business seasonality, trends and budget phasing
15:00 - 15:30 (Tea)
15:30 - 16:30 (Session 6)
Managing budgets
Monitoring financial and other data
Responsibility accounting
Design of budget reports
Four golden rules for good feedback reporting
09:00 - 10:30 (Session 1)
Alternatives to traditional budgeting
Flexed and flexible budgets
Zero-based budgeting
Activity-based budgeting
Limitations of budgets
Criticisms of conventional budgeting
Three steps to better budgets
10:30 - 11:00 (Coffee)
11:00 - 12:45 (Session 2)
Beyond budgeting
Case study – SvenskeHandelsbanken
Adaptive management processes
12:45 - 13:45 (Lunch)
13:45 - 14:30 (Session 3)
Developing and using rolling forecasts
Using rolling forecasts
Identifying key business drivers
Using the ‘what-if?’ analysis to make key
decisions
Business modelling with Excel™
14:30 - 15:00 (Session 4)
Balanced Scorecard and KPI’s
The four perspectives of the Balanced
Scorecard
The ‘three step’ approach to developing
Balanced Scorecard
Identifying critical success factors
Using the Balanced Scorecard to develop
KPIs
Real life examples of successful
implementation
15:00 - 15:30 (Tea)
15:30 - 16:00
Key point summary and conclusion
Certificate signing and hand out
Disclaimer: This document is for promotional purposes only and shall not be considered contractually binding. The content of the event, its dates, venue, agenda or speakers may be subject to change during the course of the event’s preparation.
February 25th - 28th 2013
Dubai
TESTIMONIALS:
ABOUT MIH PROFESSIONAL TRAINING ACADEMY AND NASEBA:
“Truly inspiring."
MiH Professional Tr aining Academy
naseba established the MiH Professional Training Academy in November 2009. In a short
period of time we have already helped over 1,000 professionals throughout the Middle East
and Asia improve their skills and knowledge.
Senior Partner, PJS Consulting
“I had the pleasure of working with Stan at Chrysalis for over seven years. I appreciated his
personal and commercial approach to business and his development and fostering of our
international business relationship.”
David Ellman - President of Finance and General Manager, Chrysalis Music Group, Inc
“Refreshing and informative course”
Regional CFO, DP World Saudi Arabia
“A great course that will teach you real financial skills you can apply to a real business.”
Business Analyst, EDF Energy
To ensure the programme you’re attending is tailored to your requirements, we consult you
prior to the course. This enables the agenda and specific subjects to be matched against your
needs and objectives.
Attendees of MiH courses profit from increased knowledge - plus enhanced managerial and
specific professional skills. We only work with the very best trainers, meaning you benefit from
the most up-to-date industry strategies, topics and course material.
As a training provider we constantly monitor the quality of the courses we deliver. Our mission
is to enable you, your colleagues or employees to achieve your corporate and professional
goals - both now and in the future.
naseba
naseba produces, promotes and hosts business summits, professional training courses and
business exhibitions targeting executive level attendees across multiple vertical industries
Each event is focused on re-education, networking and creating a deal-flow platform for
all participating organisations. Whether the ‘deal’ is raising capital, vendor sales contracts
or sourcing a strategic partner, naseba provides clients with an unprecedented, high-ROI
environment for conducting business. An in-house team of experts conduct extensive research
in conjunction with recognised thought leaders to ensure that all events are relevant, timely
and at the forefront of market and industry trends.
At naseba, we make it happen.
For more information about naseba and MiH upcoming training events visit
www.mihacademy.com
For more information call +971 4367 1383 or matthew.kalman@mihacademy.com
Disclaimer: This document is for promotional purposes only and shall not be considered contractually binding. The content of the event, its dates, venue, agenda or speakers may be subject to change during the course of the event’s preparation.
www.mihacademy.com
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