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Effective Financial Planning, Budgeting and Forecasting

With the fluctuating market, increasing regulations, fickle consumers, and rapidly changing business models, managing business finances can face a lot of difficulties. Nowdays, there is greater pressure on business; therefore, planning a corporate budget is more challenging than before to make financial planning, budgeting and forecasting effectively.

Objectives

After completion of this course, the participants will be able to:

• Understand about Financial Planning, Budgeting and Forecasting
• Distinguish between Planning, Budgeting and Forecasting
• Monitor Flow of Financial Plan Preparation
• Demonstrate the Process of Implement in Branch's Budget Plan
• Identify Preparatory Keys of Budget Plan in Excel Spreadsheets

Course Contents

1. Overview of Financial Planning, Budgeting and Forecasting
• What is Financial Plan
• Objectives and uses of the Financial Plan
2. Difference and the Meaning of Planning, Budgeting and Forecasting
3. Flow of Financial Plan Preparation
• Cycle of Financial Plan
• Workflow of Financial Plan Preparation
4. Process of Implement in Branch's Financial Plan
• Key elements in Financial Plan
• Financial Plan Implementation
5. Preparatory Keys Budget Plan in Excel Spreadsheets
• Organizational structure in Branch's Budget Plan
• Linking of Financial Plan in Excel Spread Sheet

Training Fee

• USD 170 per participant per 2-day training course.
• USD 160 per participant for organization sending 3-5 participants to the course.
• USD 150 per participant for organization sending 6 participants up to the course.

This fee includes training materials, refreshments, lunch and certificate.

Payment Condition: There is no charge for any cancellation which is made by the deadline of the registration. Cancellation after deadline of the registration and participants appearing without proper cancellation will be charged the full amount.

Methodology

The training methodology will be focused on experience based and participatory approaches including brainstorming, group discussion with presentation, sharing hand-on experience, training game and participants’ problem raised during training workshop.

Trainers

Mr. TUY Sovannara, Senior Faculty of ACLEDA INSTITUTE OF BUSINESS

Born on 1978, he obtained a Master's Degree of Business Administration (MBA) major in Finance from National University of Management, Cambodia in 2011.He also graduated with a Bachelor of Arts majoring in English for Business Communication (English Based, International Program) from Pannasastra University of Cambodia in 2012. He gained a Bachelor of Economics in Banking and Finance at Norton University, Cambodia in 2000. He has attended numerous short courses on finance and banking, training of trainer, management and leadership which were organized by ACLEDA Bank Plc. since 2000. He started working for ACLEDA Bank Plc. as a credit officer in 2000 and was promoted as a chief of credit officer in 2001. He moved to work as an Auditor in 2003 and was changed to Accountant at Operation Department, Headquarter, ACLEDA Bank Plc. in 2004. He was promoted as an Assistant Vice President and Manager of Accounting Unit at Trade Finance Division in 2007. He became a Senior Specialist at Trade Finance Division in 2013. He has been assigned as a member of trainer pool of ACLEDA Bank Plc. since 2007 and responsible for delivering training courses on task of accountant, financial and accounting management, financial statement analysis, planning andbudgeting, ratio analysis, off- balance sheet entry of trade finance, set up credit line, input loan in bulk into system, and prepared monthly reports to management. He currently holds a position as a Senior Faculty, specialized in finance and accounting at ACLEDA INSTITUTE OF BUSINESS.

Mr. HANG Sophalline, Senior Faculty of ACLEDA INSTITUTE OF BUSINESS

Born on 1979, he obtained a Master's Degree of Business Administration (MBA) major in Management from National University of Management, Cambodia in 2006.

He also graduated with a Bachelor Degree of Accounting (BBA) at National Institute of Management in 2001. He has attended numerous short courses on finance and banking, training of trainer, management and leadership which were organized by ACLEDA Bank Plc. since 2001.

He started working for ACLEDA Bank Plc. as a credit officer in 2001 and was promoted as Assistant Vice President and Manager of Accountant branch in 2002.Then he moved to work at Headquarter as an Assistant Vice President and Manager of Budgeting and Control Unit at Finance Division, ACLEDA Bank Plc. in 2011. He currently holds a position as a Senior Faculty, specialized in finance and accounting at ACLEDA INSTITUTE OF BUSINESS.

Guest Speaker

Management team from Finance Division, ACLEDA Bank Plc.