Overview
Learning Outcomes
On successful completion of this workshop, the participants are expected to be able to:
- Enhanced Strategic Decision-Making: Enable participants to make informed and strategic decisions by providing them with a deep understanding of how financial data can be used to support and drive strategic initiatives.
- Understand Strategic Business planning linkage to Budgeting
- Improved Cost Management: Provide insights into cost management techniques and strategies, enabling organizations to optimize their cost structures
- Prepare a budget consistent with organization’s strategic plan
- Integrate performance budgeting into your organizations budget formation
- Understand the importance of a well-defined budget process
- Explain the interlinking of the various budgets within the business
- Construct various budgets, including the master budgets from relevant data
- Create realistic and comprehensive budgets for departments and projects.
- Implement corrective actions to address budget overruns or shortfalls.
- Utilize budgeting as a tool for strategic planning and decision-making.
- Learn costing and budgeting terminology used in business
- Facilitate budget-related discussions and decision-making within the organization.
- Learn how to construct profit, cash and balance sheet plans and budgets
- Develop an integrated planning, budgeting and reporting process
- Embark on reducing unnecessary costs in budgetary planning
- Select appropriate and effective performance measurement systems and KPIs
- Perform effective variance analysis to identify deviations from the budget.
- Analyze management cost control reports and how to take corrective measures
- Understand Capital Budgeting - Discounted cash flow (DCF) techniques and their application to financial decision making
Who Must Attend
It is also suitable for professionals from every business discipline involved in strategic planning, budgeting, cost analysis, and budgetary control including:
- Financial planners
- Financial managers and analysts
- Departmental and divisional managers
- Manufacturing, procurement, logistics, engineering, quality and HR managers
Course Details
Course Summary – Developing your Action Plan
Methodology
This stimulating program will maximize understanding and learning through Interactive Lectures, Course notes, Videos, Learning Assessments
Course Leader
NAKULAN THARMALINGAM
Nakulan Tharmalingam, FCCA, RA, is a distinguished Chartered Accountant and Fellow Member of the Chartered Association of Certified Accountants (FCCA, UK). As a seasoned professional with over 35 years of expertise, Nakulan stands out as a Principal Consultant at NT Business Consulting and Training, specializing in Finance Transformation, Operational Effectiveness, and Supply Chain Management.
With a strong foundation as a Certified Trainer in Finance and Supply Chain Programs, Nakulan is also a Certified HRDF Trainer. His proficiency in budgeting and cashflow reporting and forecasting is underscored by his strategic planning acumen, problem-solving skills, and leadership capabilities.
During his illustrious career, Nakulan dedicated over 28 years to a major global MNC, Colgate Palmolive Malaysia. As a Director for more than 8 years, he held a pivotal role overseeing Customer Service & Logistics functions, including Demand Planning/Inventory Management, Distribution Operations, and Logistics Alliances. His extensive background encompasses auditing, financial accounting, treasury functions, administration, general management, lecturing, and corporate training.
Nakulan's profound financial analysis and account management skills were honed through his diverse roles, spanning Finance, Commercial, and Supply Chain operations. His experience in Supply Chain Management includes pivotal roles in Demand and Supply Planning, Materials Management, Sourcing, Manufacturing Planning, and Customer Service.
A champion of Supply Chain Strategy & Design, SCOR, Planning Tools, and Training, Nakulan played a pivotal role in implementing Managing Organization-wide Initiatives and spearheading the Go-To Market Strategy for Inventory Optimization. His expertise in these areas positions him as a sought-after trainer, conducting impactful sessions and workshops for managers, executives, and personnel across Finance, Sales, Customer Service, and Supply Chain Management. Nakulan's commitment to delivering desired results and positively contributing to revenue-generating activities makes him an invaluable asset in the realms of budgeting and cashflow reporting and forecasting.We have a faculty of equally talented trainers who can cater to your organisation's specific needs in the event of substitution.
Testimonies
“I had absolutely no knowledge about finance before I attended this course. During this course I felt that I learned a great deal about finance, especially in the area of calculation. I certainly felt that after the course that I know more about finance that I can apply to my daily job. I thought that Mr. Tan Chee Wan was good in his performance. However, I do feel that he could improve more on his explanation on the topic of budgeting.”–Setia Corp. Sdn. Bhd.
“Our trainer, Mr Tan is a very experienced trainer who can give clear and easy to understand explanations on this complicated subject. He has also given us very relevant and real life examples of Financial Reports of existing company to understand deeper. We really appreciate the trainer’s effort in sharing his knowledge and experience.” – Bandtree Sdn Bhd
“Before the course, I didn’t have sufficient knowledge on cashflow forecasting and or reading financial statements. I’m very happy that learned the techniques to read cashflow and finance reports in this training. It was made very easy to understand and it is definitely very useful for my work.” – Asst Manager, Malaysia Debt Ventures Berhad
“I had very little knowledge on how to read financial statement before attending this course and am happy to say that I now understand a lot more about finances after attending this course. I felt the trainer gave us a very clear explanation about accounting.” – Sapura Industrial Bhd.
“From this course, I learned so much on Budget, finance terms, decision making on viability of investment / project” – Tech Manager, NASMECH Technology Sdn Bhd.
Investment
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Certificate
