Responsive Budgeting and Forecasting for Agile Decision

Liquid Learning Presents the
Responsive Budgeting
and Forecasting for Agile
Decision-Making
Masterclass 2015
Supporting accurate decision-making in a dynamic
business environment through innovative and adaptive
budgeting and forecasting techniques
Facilitated by one of the region’s leading finance specialists - this
exciting new hands-on event will provide critical tools and skill-sets
demanded of contemporary finance practitioners – register your
seats today to be a part of this compelling event!
6 & 7 July 2015
The Landmark Bangkok, Thailand
KEY MASTERCLASS OUTCOMES:
• Understand requirement for more flexible and agile
budgeting and forecasting in a dynamic business
environment
• Best practices for improving business performance on
linking, planning, budgeting and forecasting
• Foreseeing financial risk analysis, reduction and
management in future political landscape
• Exploring more dynamic and adaptive forms of forecasting
• Effective implementation of the rolling forecast process in
your organisation
• Implement performance systems with scorecards, key
performance drivers and indicators
• Leverage from forward-looking and innovative budgeting
techniques
• Achieving organisational performance input
EXPERT INTERNATIONAL FACILITATOR
Kevin P. Riley
Managing Director
Riley & Riley Strategy Advisors
HRDF/SBL CLAIMABLE for
MALAYSIAN ORGANISATIONS
EARLY BIRD & GROUP
DISCOUNTS AVAILABLE
See registration form for details
Please note participant numbers
will be strictly capped to ensure
a quality, interactive experience
for attendees
Phone: +60 3 2164 9920
Fax: +60 3 2164 9921
www.liquidlearning.asia
[email protected]
Responsive Budgeting and Forecasting for Agile Decision-Making
Masterclass 2015
MASTERCLASS BACKGROUND
In today’s global turbulent business environment where agility is
a necessity and many traditional opportunities for competitive
advantage have disappeared, organisations are expecting
more from their finance teams than ever before. To meet the
challenges presented by this dynamic business environment,
finance professionals must rapidly evolve their skill-sets and
pursue a renewed focus on becoming more forward-looking and
adaptive in order to support informed decisions and become a
true business partner.
This intensive two-day Masterclass will rapidly enhance the
skill-sets of participants and demonstrate the practical steps
required to upgrade the finance function to support performance
in a
fast-paced, real-time decision-making environment. Attendees
will be equipped with practical tools and skills for enhancing the
flexibility of planning, budgeting and forecasting methodologies,
allowing for targets, resources and performance expectations to
adapt to changing conditions. Be a part of this exciting program
and position your finance team on the cutting-edge of unlocking
value and enhancing business performance!
TRAINING DELIVERY AND
PRE-COURSE QUESTIONNAIRE
This workshop will be delivered using a three-tiered approach.
The structure of each session is as follows:
1. Technical overview of the topic area under discussion
2. Practical application of management principles in the review
of case studies, worked examples and interactive exercises
3. Discussion of subject outcomes and implementation
problems
Workshop participants will have the opportunity to include
comments and questions about issues outlined in the program
by way of a pre-course questionnaire. This feedback will enable
the course facilitator to address individual questions and
concerns.
INTRODUCING YOUR EXPERT
INTERNATIONAL FACILITATOR
Kevin P Riley FCA FCPA
Managing Director
Riley & Riley – Strategy Advisors
Kevin Riley has more than 28 years of experience in financial and
performance management and budgeting, as well as over 18 years
of experience in designing and delivering training programs in finance,
strategy and management. In particular he specialises in strategic
decision making and strategy execution, strategic planning and
evaluation, business process analysis and improvement, financial and
non-financial KPIs, improving financial literacy and business acumen,
as well as strategic financial management and financial control.
As a well-regarded and respected consultant, trainer, coach and
facilitator, Kevin provides a blend of presentational excellence, expertise
in budgeting, financial and performance management best practice,
and an understanding of the cultural issues affecting and managing
change. Organisations that Kevin has worked with include capitalintensive mining companies, manufacturing and processing companies,
service and office product firms, natural resource managers, and
Federal and State government departments. These client organisations
include Sims Metal Management Limited, Tioxide Australia, Renison
Goldfields, Rio Tinto Aluminium, Australian Government Departments
of Prime Minister and Cabinet, Treasury, Finance, Defence and Foreign
Affairs and Trade. Kevin has also developed and delivered workshops
on behalf of Chartered Accountants Australia and New Zealand and
CPA Australia.
Kevin is a Fellow of the Institute of Chartered Accountants in Australia
and a Fellow of CPA Australia. He regularly presents at CPA Australia
Conferences and Congresses and delivers financial management
training programs on behalf of the Institute of Chartered Accountants
(ICAA) in Australia. He was also the contributing editor for various
publications of the ICAA on subjects such as finance leadership,
strategic cost management, and benchmarking for continuous
performance improvement.
Prior to establishing his own business in 1996, Kevin was a Managing
Consultant with Coopers & Lybrand and Senior Audit Manager with
PricewaterhouseCoopers(PwC).
MASTERCLASS SCHEDULE
• 8.30 - 9.00
Registration
• 9.00 - 10.40
Session
• 10.40 - 11.00 Morning Tea
• 11.00 - 12.30 Session
• 12.30 - 1.30
Lunch
• 1.30 - 3.00
Session
• 3.00 - 3.20
Afternoon Tea
• 3.20 - 5.00
Session
• 5.00
Close of Seminar
VALUE PLUS DISCOUNTS
Receive $300 off registration if you
book and pay by 3 April 2015
WHO WILL ATTEND
Public and private sector:
• Management accounting /
decision support
• Chief Financial Officers
• Finance Directors
• Group Finance Managers
• Financial Controllers
• Finance managers
• Management reporting
• Budgeting / Forecasting
• Business analysis / Planning
• Financial management
SUPER SAVER DISCOUNTS
Receive $200 off registration if you
book and pay by 8 May 2015
Day 1
6 July 2015
Day 2
7 July 2015
Setting the context – the requirement for more flexible
and agile budgeting and forecasting in a dynamic
business environment
Moving towards more dynamic and adaptive forms of
forecasting
• The requirement for enhanced agility in organisational
decision-making
• Reviewing the use of strategic planning toolkits for optimum
accuracy in budgeting and forecasting
• Building a more dynamic strategic planning process by
identifying strategic drivers incorporating scenario planning
• Communicating your strategic objective and outcomes clearly
in driving planning, budgeting and forecasting practise to
success
Improving business performance on linking, planning,
budgeting and forecasting
• The foundations for connecting planning, budgeting and
forecasting
• Strategy-linked forecasting and performance models
• Benchmarking your research methodology and productivity
• Maintaining data integrity during data transfer to ensure reliable
forecasting
• Evaluating the most appropriate level at which budgets will be
prepared and managed – ensuring responsibilities are set at
the right level for managing resources and achieving plans
• Analysing traditional and new approaches for assigning costs
– reassessing the best use of traditional and contemporary
approaches to costing; including time-driven activity based
costing
Forward-looking and innovative budgeting techniques
• Reviewing the traditional role of budgets and their limitations
• Advanced and forward-looking budget control techniques
which allow for accurate allocation of targets and resources
• Comparing the effectiveness of activity based budgeting, zero
based budgeting, priority based budgeting, output budgeting
– Which one should we be implementing?
• Fine-tuning traditional budgeting activities to support decisionmaking in a dynamic business environment
Interactive Group Exercise: Delegates will be given
different scenarios and will be required to choose an
appropriate budgeting technique to effectively
support decision-making in the business.
• Dynamic forecasting using statistical and probabilistic
techniques
• The strengths and weakness of the rolling forecast and other
forecasting techniques
• Evaluating our forecasting options and when to apply the best
method for a given situation
Case study: Successful emerging and mature
techniques such as rolling forecasts, driver-based
budgets and Monte Carlo simulation
Effectively implementing the rolling forecast process in
your organisation
• Identifying your key business drivers
• Key considerations in the design of your rolling forecast process
• Assessing the advantages and disadvantages of driver-based
rolling forecasts – implement driver-based rolling forecasts and
be fully aware of the challenges in a way that delivers benefits
Applying performance systems with scorecards, key
performance drivers and indicators
• Determining key performance drivers in your organisation –
using your KPIs to focus on what really drives performance,
plans, budgets and forecasts.
• Assessing how strategic outcomes are monitored and measured
to keep your management accounting activities focused on
what will get results
• Identifying improvements to the format and timeliness of
reporting – ensuring that the benefits of strategic KPIs
comprehensive cost information and driver-based rolling
forecasts assist decision-makers
Interactive Group Discussion: Examining and
assessing the effectiveness of benchmarking system
for performance evaluation in your organisation
Bringing it all together for agile and accurate
decision-making capability – achieving organisational
performance input
• Planning the implementation of improved strategic management
accounting concepts- winning support for reforms so improved
plans, budgets and forecasts become part of your organisation’s
culture and DNA
Foreseeing financial risk analysis, reduction and
management in future political landscape
• Evaluating the financial decision-making skills in your
organisation
• Recognising and analysing the risks of an unstable political
scenery to its economy
• Recognising the financial literacy and skill developments
necessary to support improved planning, budgeting and
forecasting
• Explore future-proof strategic methods t eliminate financial risk
in an ever-changing economy and political landscape
• Exploring effective strategy to manage loss profit from
aftermath economy and political crisis
CERTIFICATE OF COMPLETION
Each participant will receive
a prestigious certificate of
completion.
EARLY BIRD DISCOUNTS
Receive $100 off registration if you
book and pay by 5 June 2015
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23 & 24 June 2015
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Strategic Pricing
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9 & 10 June 2015
The Majestic Hotel,
Kuala Lumpur
PRE-COURSE QUESTIONNAIRE
Issued to participants prior to the course to
ensure your needs are met
Liquid Learning Presents the
Booking Form
Responsive Budgeting and
Forecasting for Agile
Decision-Making
The Landmark Bangkok
138 Sukhumvit Road
Bangkok 10110
Thailand
Ph: +66 (0)2254 0404
VALUE PLUS DISCOUNT
SUPER SAVER DISCOUNT
EARLY BIRD DISCOUNT
Receive $300 off registration if you
book and pay by 3 April 2015
Receive $200 off registration if you
book and pay by 8 May 2015
Receive $100 off registration if you
book and pay by 5 June 2015
Masterclass 2015
6 & 7 July 2015
1
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Masterclass (2 Days)
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* Receive $100 off registration if you register and pay by 5 June 2015
** Receive $200 off registration if you register and pay by 8 May 2015
*** Receive $300 off registration if you register and pay by 3 April 2015
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Group Discounts Available:
3+ people 10% off Standard Rate
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