Testimonials

Rani Matar, Key Account Manager - Binzagr Company, Qatar

It was certainly interesting to be in the midst of the involvement of the different cultures. The trainer has a brilliant command over the session and the case studies presented were both challenging and informative. Kexxel Group has certainly organized a world class event!

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Budgeting and Rolling Forecasts @ Kuala Lumpur

Event 

Budgeting and Rolling Forecasts @ Kuala Lumpur
Title:
Budgeting and Rolling Forecasts @ Kuala Lumpur
When:
02 July 2018 - 03 July 2018
Where:
5 Star Hotel - To Be Announced (Malaysia) - Kuala Lumpur
Categories:
Management , Finance , Corporate Training
        

Description

World Renowned Finance Expert!

Budgeting Expert Malaysia 2017

Alan Fell is a leading, internationally recognized and respected specialist, with over 40 years of financial and business experience, in financial performance management – both in policy formulation and in practical application roles.

Alan has wide practical experience of budgeting and forecasting techniques and has particular interest in the linkage of budgeting to other planning and performance measurement disciplines and in the wider application of modern budgetary techniques relevant to the fast-changing 21st century business world.

For the last 20 years, Alan has been operating as an independent management consultant and trainer, covering a wide breadth of closely related topics – from strategic planning and execution through to detailed budgeting and balanced scorecard.

He has led well over 350 conferences, public training seminars and customized in-house training in a wide-range of international locations, especially in the Middle East/Gulf region and SE Asia, but he also covers North America and Australia / NZ and his home country of the UK. Alan has been as very regular business visitor across the SE Asia Region since 1995.

Prior to that, he was a senior executive with a major UK commercial bank and in his most recent line management role he was Head of Planning and Finance for a major division of the Bank with 3,000 staff.

Testimonials

“The training has given me a lot of input to improve my work in my workplace. The speaker is very knowledgeable and full of experience.”
Nor Azlen Ibrahim – Vice President, Finance & Accounts, Pos Malaysia Berhad

“Simple and easy understanding in a short frame of period that could be applied in the organization.”
Executive, CIMB investment bank, Malaysia

“The trainer addressed the topic of the event well. I’m thankful that Kexxel has provided me this opportunity to learn from Alan.”
Sathianuradha Boobaty – Senior Manager, Finance, TNB Janamanjung Sdn Bhd

“We have learnt from the best. Do keep up the good work. The main strengths were the experiences and issues faced by other industries that were discussed in the event. Kexxel Group’s staffs were efficient and effective.”
Jeremy Yong – Senior Assistant Manager, The Bank of Nova Scotia

“Very satisfied with the facilitator & topics”
Budgeting Division Head, Bank CIMB NIAGA

“Alan is extremely knowledgeable and he is a real guru for the area of expertise that he is in. Thanks to Alan for being with us for the past 2 days. The examples that we provided by Alan helped me a lot.”
Annie Han – Managing Director, Publicis Re:sources

“Alan has a vast and wide knowledge on the topic.”
Financial Planning Manager, TNB, Malaysia

Past Clients

  • Maybank Investment Bank
  • Malayan Banking Berhad
  • CIMB Investment Bank
  • Bank Negara Malaysia
  • Pos Malaysia Berhad
  • Tenaga Nasional Berhad
  • The Bank of Nova Scotia
  • Guiness Anchor Berhad
  • Mars
  • Publicis Re:sources
  • PTTEP, Thailand
  • TAIB Bank, Brunei
  • CIMB Niaga
  • Oman Oil Refineries
  • UAE Oil & Gas Company
  • UK Logistics Organizations
  • Bintulu Port Holdings Berhad, Malaysia
  • Kuwaiti Trading Group
  • European Electronics/Technology Joint Venture Company
  • Saudi Arabian Industrial Manufacturing Conglomerate
  • Petronas Malaysia
  • PT Bank OCBC NISP TBK, Indonesia

Picture Gallery
 


 

Why You Should Attend:

  • Understand the limitations of “traditional” budgeting and why change is necessary for so many modern-focused organisations, across all industry sector
  • Gain an understanding of how modern budgetary techniques can provide real support to business managers
  • Learn about the “Beyond Budgeting” concept from a member of the Beyond Budgeting Round Table.
  • A special focus on the growing trend to “Rolling” budgets / forecasts.
  • Learn how to use the different but aligned disciplines of Forecasting and Budgeting to compliment each other

Program Agenda

Day 1

SESSION 1 – The business context and historic / traditional budgeting

  • Course introductions
  • How Budgeting fits with the wider subject of strategic and operational planning
  • History and principles of budgeting
  • Traditional / historic budgeting: often much maligned, but why it is so widely used and what benefits it can deliver.
  • The common problems associated with traditional budgeting and how they can be avoided or at least minimised.
  • Creating a “value-add” budget process: where business managers see budgeting as providing genuine help and benefit/value to the challenges of business management.
  • The trainer will draw upon relevant case studies dependent on the mix of delegates and their industry sector backgrounds.
SESSION 2 – Newer approaches to Budgeting and Forecasting.

The newer budgetary techniques and how do they compare with traditional / historic budgeting: what are the advantages and disadvantages of each..?
  • Value based budgeting
  • Performance Budgeting and KPI Budgeting
  • Zero based budgeting
  • Activity Based Budgeting
  • Creating a good-practice Performance Management culture, where budgeting is undertaken within modern management practices of accountability, change management, communication, leadership and a performance / incentive culture.

SESSION 3 – Project and Capital Budgeting / “Capex” evaluation

Businesses are a mixture of both process / operations and projects. In this session we explore the challenges of project budgeting and the associated capital expenditure “capex” evaluation disciplines
  • The basic accounting differences between “opex” and “capex” and the consequences in the key financial statements, including depreciation treatment
  • The main challenges of project budgeting – combining capex and opex, plus contingency issues
  • Evaluating capital expenditure – introduction to the discounted cash flow techniques and their practical application
  • Incorporating sensitivity analysis to support the decision-making process
  • The necessary post-audit / post project evaluation discipline – often poorly applied

Day 2

SESSION 4 – “Beyond Budgeting”

How the Beyond Budgeting concept has grown internationally through to the present day – the Beyond Budgeting Round Table
  • The basic concept and sought-after benefits – how much is changing the planning / budgeting process and how much is about management philosophy and culture?
  • The key principles of Process and Leadership within Beyond Budgeting.
  • Abandoning the negotiated annual performance trap – incentivising people to achieve market / benchmark success, not to beat an internal negotiated budget
  • How Beyond Budgeting aligns with Rolling Forecasts
  • The practical first steps in moving towards BB: delegate action plans.

SESSION 5 – Rolling Budgets and Forecasts (Part 1)

  • The Rolling concept and its inherent benefits and downsides: if traditional Budgeting is replaced by a Rolling approach, what can we NOT do in future
  • Rolling budgets or Rolling forecasts: which works better :understanding the management accountability implications
  • Different aspects and types of Rolling – we explore the range and scope of possibilities. Should Rolling apply to strategic and capital budgets – if so, conceptually how can this be done.
  • The behavioural disciplines: Rolling only works when management act professionally and do NOT play the typical budgetary “games”.How can this be effectively implemented.

SESSION 6 – Rolling Budgets and Forecasts (Part 2)

  • The 9 key “decision parameters” of practical implementation for Rolling.
  • Delegates will undertake an exercise (for take back to the office) in setting out the key aspects of how they hope to apply the 9 parameters within their own organisations
  • Delegates will have the opportunity, if they wish, to briefly present their conclusions to the course as a whole for feedback from thecourse leader.
  • Course closure

Who Should Attend?

  • The course is designed for – those at management and supervisory level in both business and finance disciplines who recognise the need to understand better the practical modern budgeting & forecasting.
     
  • The course is NOT designed for – those at more junior level who require a basic introduction to the step-by-step elementary budget and related book-keeping and basic accounting processes.

     *******For more details, kindly download the brochure*******

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Save up to 50% from in-house courses!

You may wish to consider having an in-house course delivered locally on-site if you have a number of participants with similar training needs. This course can be customised to fit specific requirements. For more information about IHT kindly send your enquiries to   This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Venue

Venue:
5 Star Hotel - To Be Announced (Malaysia)
City:
Kuala Lumpur
Country:
Country: my