Strategic Business Planning & Budgeting
Detail
| Date: | |
| Duration: |
2, day(s) 9:00AM - 5:00PM |
| Fee: | $600.00 |
| Venue: | TBA |
- Fees are subjected to prevailing GST of 7%
For more information, please contact JobsDB Learning at 65788111 or email to learning@jobsdb.com.sg
Payment must be made before the commencement of the workshop. No cancellation is allowed 7 days prior to workshop.
Outline
1. Draw Your Business Plan
Creativity and The Business Idea
-Sources of new ideas
-Methods for generating new ideas
-Creaive problem solving
-Product planning and development process
Profitable Business Planning
-Planning as part of business operation
-What is a business plan?
-Writing the business plan
-Executive summary
-Industry analysis
-Description of venture
-Production plan
-Marketing plan
-Organization plan
-Assessment of risk
2. Budgeting and Budgetary Control for Super Growth
Budget Preparation Methods
-Objective setting
-Budget period
-Data gathering process
-Accountability basis
-Product budgeting (Spreadsheet Systems)
-Material cost (Standard cost, weighted average, FIFO, LIFO, NIFO)
-Labor cost (Direct labor rate, indirect labor rate, labor cost by process)
-Overhead cost (allocation table, indirect cost allocation, overhead cost by process, overhead recovery rate)
-Activity based costing (Concept and application)
Strategy and Budgeting
-Product costing
-The secret of Japanese management accounting system
-M market driven design accounting with case example
-Design stage control systems
-Good bye to standard costs with case example
-Marketing approach to budgeting
Types of Budget and Master Ways to Prepare Them
-Master budget (material cost, production budget, production cost budget, trade -creditors budget, debtor budget, cash budget, net cash flow)
-Budget profit and loss statement
-Balance sheet
-Capital budgeting and control
Budgetary Control System
-How to set up control system?
-Pro-active control vs reactive system
Decision Making Through Variance Analysis
-Make variance
-Proper accrual forecast vs actual
-Operational knowledge
-Observation
-Informal communication
-Operation team agreement
Prepare your Business with Scenario Budgeting
-What if
-Product mix
-Profit mix
-System for scenario budgeting
-Key control features
Benchmark the Effectiveness of Your Plan Using Equivaent Units As a Yardstick
-Use of a saleable unit product
-Use of production hour
Flexibility
-How to cater to flexibility?
-A trap or an opportunity for manipulation
-Aware of changing specifics
-Position with fluctuating workload
-Position with chronic overtime
-Position with high turnover
-Position with heavy absenteeism
-Budget for flexible staffing
-How workforce 2000 will get paid
Group Discussions and Presentations
-Implementation challenges
-Applications
-Case discussion
Facilitators
Dr. John Ho
Dr. John Ho is an experience industrial practitioner in establishing total cost control and improvement system within manufacturing organization in Asia Pacific Region and has conducted many successful seminars. His practical training in cost improvement systems derive from his experiences in Japan, Europe, and U.S.A. He possesses more than 28 years of working experiences in strategic financial and operational management within high-volume manufacturing and sales environment and more than 22 years of teaching experience in various institutions. During his working life, he holds various senior positions such as Regional Chief Financial Officer, Vice President of Finance, Director of Finance, and Controller of Multinationals such General Motor, AT&T, MiniScribe, etc. His forte is in the application of cost management techniques to reduce total manufacturing cost and implementation of computer-based costing/financial system using standard packages.
Besides developing a series Financial Management Programs, Oriental Strategic Management Programs, Lecturer of Degree program for University of Bradford (UK) and Master programs of Swinburne University of Technology (Australia), University of Strathclyde (UK) and University of Southern Cross(Australia), he also has developed Business Educational Series for children as young as 9 years old. The Business Educational Series is to enable children to gain head start in the corporate world and also to be an entrepreneur.
Dr. John Ho holds a DBA (major in Management Information System) from a FairFax University(USA),MBA from Henley/Brunel University (UK), Fellow of the Chartered Association of Certified Accountants(UK) and Fellow of the Chartered Institute of Management Accountants (UK). He also possesses other professional qualifications from the Chartered Institute of Marketing (UK), Institute of Data Processing Management (UK), and Institute of Administrative Management (UK). Attended residential training at Stanford University (Graduate School of Business)
He is a Certified Instructor of the “Bullet-Proof Manager”, a managerial skills training package, Certified Philip Crosby In-house Quality Instructor, Graduated from Graduate Business School of Stanford University(U.S.A), Associate Trainer of Management Development Institute of Singapore and a member of the Institute of Certified Public Accountants of Singapore.