CORPORATE FINANCIAL PLANNING, BUDGETING & CONTROL

Planning, budgeting and cost control are critical processes for the effective
management of modern corporations. Once companies’ Mission, Vision, Goals and
Objectives have been identified planning, budgeting and cost control became essential
components of strategy execution. This seminar is designed to enable delegates to
understand the connections that operate within the management system and explore
the key concepts, tools and practices. Significantly, the linkages between the financial
and operational sides of the business are also likely to have an impact on the
management of risks and measurement of performances.

Major highlights of the seminar include:

 Understanding the management systems, as well as the financial and operating

plan

 Develop proper system of cost analysis for budgeting purposes

 Master the budgeting and financial skills required for better decision-making

 Identify sources of financial and operational data to support the budgeting

process

 Learn new best practices to integrated financial and non-financial performance

measurement

Malaysia Turkey
Suite 04, Level 23, Menara Haw Par, Jl. Sultan Ismail, 50250 Kuala Lumpur | İnönü Mah. Cumhuriyet, Cad. No. 125, Kat 6, Şişli, 34373 İstanbul
 Objectives
By the end of this course, participants will be able to:

 Develop a solid understanding of the company’s management system

 Understand the connections between planning, budgeting and costing

 Learn costing and budgeting terminology used in business

 Master traditional techniques and recent best practices

 Link finance and operation for budgeting purposes and strategy execution

 Learn how to build a comprehensive performance measurement system

 Evaluate the various methods for capital budgeting

 Measure and manage performance effectively

Audience
 Non-financial and financial personnel

 Managers and those with financial responsibilities

 Decision makers, whose understanding and skills will improve through attendance

 Professionals acting upon the financial decisions of others, who will gain an appreciation
for decision making

 Any professional, irrespective of the organizational position, willing to improve awareness

on planning, budgeting and cost control

Benefits
Your organisation will benefit from your attendance to this course by

 Planning, budgeting and costing awareness will be enhanced

 Broadened knowledge of risk and performance management techniques

 Better attitude to link cost and budgeting to strategy and performance measurement

Building a Sustainable Quality Program WWW.IMTC.MY 2

  Deeper understanding of cause and effect relationship for the planning and budgeting
purposes

 Better awareness of the connection between finance and operations

 Delegates will develop a set of transferable skills which will improve their powers of
financial planning helping the company to increase profit, improve cash flow whilst
minimizing costs and risk

 The new skills will help them to make more informed and hence better management
decisions.

 Delegates will become more aware of the importance of effective planning, budgeting
and forecasting making the capital budgeting process more cost effective

 The use of practical case studies and illustrations of real companies will help delegates
understand how to apply different planning, forecasting and analysis techniques in a work
situation.

 The knowledge gained can be shared amongst other departments of the company to
improve the financial culture of the entire organization.

As a delegate, you will:

 Develop an understanding of the company’s management system and its links with
planning, budgeting and costing

 Be able to make more informed decision and hence better planning, budgeting and
costing

 Make improved capital budgeting decisions

 Be better placed to liaise effectively with other departments on matters of finance and
budgeting

 Learning to evaluate the usefulness of the different costing techniques in accurately

calculating and ensuring profitability

 Reinforce your leadership and expand your knowledge by linking budgeting to strategy
and performance measurement

 Broaden your understanding of the business by linking financial and operational issues

Building a Sustainable Quality Program WWW.IMTC.MY 3

 Outline
Strategic planning and the management systems

 Strategic Planning within the context of the company’s management system

 The Objective of the Firm – meeting Shareholder & Stakeholders Objectives

 The key contents of the Strategic Plan

 SWOT analysis

 Linking strategy to operations

 What is happening in your company?

Preparing & Managing Budgets to support the Financial Plans

 The Financial Statements – key concepts and documents

 Definition of Budgets

 The Budgetary Process

 Types of Budgets (Fixed, Flexible, Incremental, Zero Based, Activity Based Budgets)

 The Purpose/Benefits & Problems/Limitations of Budgets

 The role of variance analysis

Controlling costs and resource expenses

 Cost analysis and control

 Key cost terms and concepts

 Cost behavior – fixed and variable costs

 Break Even Analysis and contribution analysis

 Cost allocation – direct and indirect costs

Building a Sustainable Quality Program WWW.IMTC.MY 4

  Activity Based Budgeting/Costing (ABB, ABC)

Capital Budgeting

 Capitalized vs. period costs

 Capital budgeting

 Payback period

 Net-present value

 Internal rate of return

 What is it the situation in your organization?

Integrated Financial & non-Financial Risk Management

 Integrated Risk Management

 Types of Risk – Financial and non-Financial

 Identifying Risk – SWOT Analysis

 What is the situation in your company?

 The Risk Management process

 Linking risk management to planning, performance measurement and reporting

Delivery Methodology
The training method consists of a combination of interactive activities -group and/or individual
exercises, case studies, discussions and various multimedia training aids- along with formal
delivery of programme content. The learning environment will be a supportive one in which
individuals will be encouraged to share ideas and the facilitators will be on hand to answer any
questions a delegate may have with respect to the subject of the programme. This process will
make training fun-filled, fast-paced, challenging and empowering.

Building a Sustainable Quality Program WWW.IMTC.MY 5

 Schedule
Kuala Lumpur, Malaysia
 July 24 - July 28,2017
 October 16 - October 20,2017
 November 20 - November 24,2017
Istanbul, Tukey
 July 31 - August 04,2017
 October 23 - October 27,2017
November 27 - December 01,2017

To view programme dates in other cities please follow THIS LINK

Venue
Venues of IMTC’s public programmes are located in the heart of the hosting cities and designed
for lecture-style training. The training rooms are easily-accessible and equipped with stationary,
overhead projectors, flipcharts, whiteboards and air conditioning. The high-quality indoor
environment is promoted through quality acoustics, appropriate lighting, good sightline,
comfortable chairs, thermal comfort and ventilation.

Facilitator
IMTC’s facilitators are certified, experienced and highly educated. They are measured against
strict criteria of competencies and behaviours, intellectual capacities and real life experiences.
Professional profiles of the designated facilitator(s) can be sent to the client upon request.

Registration Rate Structure

Depending on the venue of the programme session you’d like to attend, the public registration
rate varies according to the following table:

Europe Asia

Vienna Kuala Lumpur

Geneva Bangkok $2,900

€5,900
Barcelona Istanbul

Madrid Singapore $4,900

Building a Sustainable Quality Program WWW.IMTC.MY 6

 Paris Dubai $4,500

Rome

Amsterdam

London

Registration Package
The above listed rates are per participant and inclusive of:

1. Full set of Course Materials;

2. Certificate of Achievement;
3. Transportation from/to airport (for non-Malaysian participants);
4. Daily snacks and refreshments;
5. Daily 5* Lunch meal.

Discount Policy
1. Clients who repeatedly register participants in IMTC’s public programmes will enjoy a special
discount of 10% if a minimum of fifteen candidates are registered per year. This special
discount will apply to the sixteenth registration onwards during the same year.

2. Clients who register more than one participant to attend the same programme session will
enjoy discounts up to 25% depending on the number of delegates per batch.

Registration Method
Registration requests in any of IMTC’s public programmes must be processed by the client's
HR/Training department, whereas self-registrations are to be paid in advance and subject to
review and availability.

Building a Sustainable Quality Program WWW.IMTC.MY 7

 Cancellation Policy
As IMTC will have committed time, money and administrative resources to confirm the
programme, a cancellation fee of 25 to 40% will be applied if a confirmed registration is
cancelled less than seven working days prior to a programme commencement date. 50-65%
cancellation fee will be charged in case the participant is a no-show.

Withdrawal, Substitution, Non-Attendance

1. Fifty percent (50%) of the registration rate will be levied if notice of withdrawal is given in
writing and received by IMTC seven working days before the commencement date of a
programme. There is no refund after the commencement

2. Substitution of participant(s) is allowed provided IMTC is notified in writing of the same with
the name and designation of the new participant(s) at least two days before the
commencement date of a programme.

Exclusion of Liability
1. In view of any unavoidable or unforeseen circumstance when a programme cannot be
conducted, as in situations where a natural disaster has occurred in or near the training
venue, IMTC shall not be liable for non-delivery. In such instances, IMTC will use reasonable
endeavors to ensure that the programme will be delivered.

2. Due to unforeseen circumstances IMTC reserves the right to make alternative arrangements
to a programme. However, every effort will be made to inform the Client of the changes
within a reasonable notice time.

Contact Details
Should you require further information, please contact us at:

International Malaysian Training Center (IMTC Sdn. Bhd.)

Head Office (Malaysia)

Suite 4, Level 23, Menara Haw Par, Jalan Sultan Ismail, 50250 Kuala Lumpur
- Tel: +603 2024 0470

Building a Sustainable Quality Program WWW.IMTC.MY 8

 - Fax: +603 2024 0471
- Email: training@imtc.my

Regional Office (Turkey)

İnönü Mahallesi, Cumhuriyet Caddesi No. 125, 6th Floor, 34373 Şişli, İstanbul, Turkey.
- Tel: +90 212 296 18 20
- Fax: +90 212 924 70 02
- Email: training@imtc.com.tr

Building a Sustainable Quality Program WWW.IMTC.MY 9

 REGISTRATION FORM
Participant Full Name(s) Position / Job Title Mobile Phone No. Email Address

Course
Date & City
Company Name
Company Address
Contact Person Signature & Stamp
Position/Title
Telephone No.
Fax No.
Email Address Date: ________________________

REGISTRATION, CORRESPONDENCE, CANCELLATION AND SUBSTITUTION POLICIES

 To join, please complete this Registration Form and send a signed clear copy to training@imtc.my.
Registrations by telephone will not be confirmed.
 Your confirmation letter and other training course documents will be sent to the email address above.
Please ensure that you have provided a valid company and email address where you will be able to
retrieve your documents.
 Once a registration is confirmed, free cancellation may not be allowed. If the registered delegate is unable
to attend, a substitute is allowed. A registration cancelled on the week of confirmation will be charged the
full training fee.
 Due to unforeseen circumstances IMTC reserves the right to make alternative arrangements to the course.
However, every effort will be made to inform the Client of the changes with a reasonable notice time.
 A Statement of Account / Invoice will be faxed or Emailed to you upon receipt of Registration Form.

COPYRIGHT AND COURSE MATERIALS

All course related information and documents are the sole property of IMTC Sdn Bhd (IMTC) and represent
the intellectual property and copyrights belonging to IMTC. Information contained in training course
materials may change due to standards’ revisions and the changing needs of industry. Information
delivered in IMTC courses and contained in course materials is based on the best available information
obtained by IMTC and its partners at the time of the course. IMTC is in no way responsible for subsequent
use regardless of intention.
Malaysia Turkey
Suite 04, Level 23, Menara Haw Par, Jl. Sultan Ismail, 50250 Kuala Lumpur | İnönü Mah. Cumhuriyet, Cad. No. 125, Kat 6, Şişli, 34373 İstanbul