LOGIN

TO PLACE AN ORDER YOU MUST LOGIN FIRST

Don't have an account?

REGISTER

TO PLACE AN ORDER YOU MUST CREATE AN ACCOUNT FIRST. MAKE SURE ALL THE DETAILS YOU ENTER ARE CORRECT, AS THE TICKETS WILL BE ISSUED BASED ON THE ENTERED INFO

Have an account?

Forgot Password

Enter your email to reset your password

Have an account?

Date

17-20 October 2022

Venue

Expired

Overview

Immerse in the Kexxel experience digitally as we introduce our Virtual Instructor Led Training (VILT) courses into our prestige learning portfolio. Our virtual classrooms welcome a small group of executives in an intimate yet dynamic learning setting, facilitated by our handpicked selection of subject matter experts and industry thought leaders as your instructors.

 

COURSE FACILITATOR

LINDSAY DEWBERRY

Workshop Leader Financial Management and Accounting

About

Lindsay is the Managing Director of Panache Training & Consulting, A creator and presenter of financial management webinars for the Australian Institute of Company Directors directed towards directors of NFP’s.

Achievements

Lindsay is the Managing Director of Panache Training & Consulting.

He has a strong finance and accounting background, having gained significant expertise in the areas of financial management, performance measurement, and external accounting. 

A creator and presenter of financial management webinars for the Australian Institute of Company Directors directed towards directors of NFP’s.

Agenda

BEYOND BUDGETING

Module 1: Background and Concept

The problems of traditional budgeting and why this is no longer a sensible way forward 

The history and development of Beyond Budgeting

The overall concept and benefits 

Linkage to rolling forecasts as opposed to traditional budgeting

Module 2: Beating The Competition, NOT The Budget

The leadership and management principles of Beyond Budgeting 

EXERCISE Assessment of your organisation against BB principles 

Understanding what is the competition and how to focus on competitive success 

Practical examples of competitive focus – how to begin the pivot to Beyond Budgeting

Module 3: Rewarding Competitive-based Team Success

Companies that have abandoned traditional budgeting 

Using “BB” to create a positive team culture, rather than a silo-mentality 

The practicalities of using BB principles 

CASE STUDY Examples

PRACTICAL IMPLEMENTATION OF ROLLING FORECASTS

Module 1: Concept and Rationale

Why traditional backward-looking performance management is not what businesses require in a fast-changing world 

Comparing Rolling Forecasts and Full Year Reforecasts

Replacing traditional budgeting? 

How “RF” fits with business planning and financial budgeting

Module 2: Designing a Rolling Forecasts management system

The seven key decision points to create a workable RF management system 

Working examples of both Rolling Forecasts and Full Year reforecasting

Coaching management in the use of RF – it won’t happen by accident… 

EXERCISE Designing a RF output report: Template will be provided

Module 3: CASE STUDY Examples of success usage of RF

Designing and deploying a Rolling Forecast system in a large Asian manufacturer 

Designing and deploying a Full Year Reforecast system in a major European Bank 

Lessons learnt and potential problems to be avoided

THE ROLE OF FINANCE AS A STRATEGIC BUSINESS PARTNER

Module 1: Introduction and Key Challenges

Strategy Management: an overview of the main components 

Strategic Business Partnership

The required skills and behaviours that distinguish a partnership from command-and-control 

CASE STUDY SE Asia conglomerate using a “Finance Function Scorecard” 

Module 2: Organisational Challenges

Roles and structure within the Finance function, and the interface and relationships of Finance 

Different classes of ownership and the consequent impact on SBP

CASE STUDY 

Module 3: Tools and Techniques

The common tools, techniques and analyses that support good SBP 

The strategic management system: thinking, planning and successful execution of that strategy. 

Ensuring that finance can add value to, each step of the strategy management system. 

CASE STUDY Using cost and service profitability analysis 

IMPLEMENTING A COST REDUCTION PROGRAMME

Module 1: The Strategic Context for a Cost Programme

Understanding the overall business strategy, including response to “disruption” from Covid-19

Establishing a clear Cost Strategy incorporating relevant cost targets 

Ensuring that ALL costs are under scrutiny  nothing should be off-limits 

The need for management understanding and engagement, not just detailed cost analysis

Module 2: Successful Cost Management: Tools & Techniques

Using Activity Value Analysis and Activity Based Costing  

The use of “simplified ABC” as the first stage of improving cost analysis 

The Cost of Capital – and WACC

Designing in cost efficiency into new products & services, supported by effective “capex” 

Module 3: Examples of Implementing a Successful Cost-Efficiency Programme

Automobile manufacturers who build in cost efficiency into new model designs 

What we can learn from successful budget airlines 

Many businesses try to cut costs through across-the-board 10% cuts to everything. 

That cuts into both fat and muscle.

TESTIMONIALS

Check out the testimonials from our events

Nathalie Spaeid Anak Akie

Accountant, Biport Bulkers Sdn Bhd

Financial  Management

“The speaker is knowledgeable in this field. He has clear explanations and I can relate the teachings to my daily task.”

Amyrul Izwan bin Yusof

Executive, LTAT

Financial  Management

“Lindsay was clear, concise and an excellent trainer, the rolling forecast topic was most helpful for me.”

Rosazlan Rusly

Manager, Kulim (Malaysia) Berhad

Financial  Management

“Excellent! The areas of the event that was most useful to me was on strategic planning.”

Rose Reales

Financial Planning Analyst, JG Summit Petrochemicals Group

Financial  Management

“The trainer had been very accommodating in answering questions and has excellent knowledge of the subject matter.”