[Executive Education, Inc. - Seminars for Corporate Financial Managers & Management Advisory Services]

[Core]Full Day Seminar

Trends in Corporate Financial Planning

Beyond Traditional Budgeting

Corporate financial planning has undergone such radical changes over the last five years that many business writers advocate we eliminate the word “Budgeting” from our business vocabulary. The disciplines of benchmarking, performance measurement, activity-based costing and a German technique called grenzplankostenrechnung are all changing financial planning.

Get up-to-date on the latest techniques of metrics-driven financial planning and business performance measurement.

Participant Feedback

Instructor was extremely knowledgeable and presented info in an easy, understandable style.
—Trevose, PA

Topics Discussed Include:

Shortcomings of Traditional Budgeting

New Influences on Financial Planning:

  • Performance metrics
  • Grenzplankostenrechnung (GPK)
  • Benchmarking
  • The Balanced Scorecard
  • Activity-based costing (ABC)
  • Business Performance Management (BPM)

Trends in Corporate Financial Planning:

  • Create a strong link to strategic planning
  • Drive achievement of financial goals
  • Use metrics-driven performance management
  • Reduce the politics in corporate planning
  • Make plans more flexible with fewer revisions
  • Shorten the budget cycle
  • Implement open book management

Using the Financial Plans for Control

This seminar provides ample report examples and 4 group planning exercises.

Additional Information

Target Audience: CFOs, controllers and budget managers

Level of Knowledge: Update

CPE Credit: 8 hours group live

Area of Study:
      Traditional: A&A
      NASBA: Finance

Prerequisite: None

Advanced Preparation: Bring a calculator

Author: John L. Daly

Acronym: TCFP

Scheduling: Schedule with Driving Company Growth to make a 2-day series