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Featured Training

Enhance your Budgeting, Forecasting and Planning Skills & Competence

Summary of Event:

Tuesday, November 12, 2013 11.58 AM / Proshare Training


A good plan should begin with a good forecast, which should result in a better budget-ing system. Good budgeting and forecasting techniques can take some of the guesswork out of operational decision making and put the focus back on optimising profitability.


This program is aimed at turning historical data into future management information by linking budgets and forecast to the business' strategy and quantifying the risks and re-wards of estimating future assumptions and outputs


PearlMutual Consulting’s Budgeting, Forecasting and Planning course will teach you the basics and strategies of portfolio management without any bewildering complexities.


Who Should Attend?

This program is designed for all professionals who have vested interests in forecasting trends at the strategic, tactical, operational and planning levels.


Course Objectives

? Understand the strategic focus of budgeting and the planning process

? Understand the different methods of measuring cost behaviour

? Know why budgeting and forecasting must be linked to planning and performance

? Know how to build a budgeting model

? Know how to choose a benchmark for indexing

? Better able to make capital investment decisions

? Better able to evaluate capital investment

? Know how to prepare a performance report for both variable and fixed overhead costs


Course Details

Date: 9th—12th December 2013


Course Fees: N75,000 for early payment (check the last page for more options)


Course Outline

Day 1:


? The planning process

? Need and system of plans

? Elements of strategic plans

? Strategic planning process

? Environmental Scanning

? Industry analysis

? Understanding Company analysis


Budget and budgeting

? Definition of budget

? Strategic focus of budgeting

? The advantages of budgets

? Budgetary styles

? Time coverage of budgets

? Types of budgets


Day 2

Budgeting and planning

? Strategic planning and the budgeting process

? Linking budgeting process and forecasts to strategic planning

? Budget participants and budget preparation procedure

? Importance of communication in effective planning process

? Building the budgeting model

? Prepare the budget structure

? Write the budget

? Monitor

? Understanding the Asset Conversion Cycle

? Objectives of cash flow and working capital management


Day 3

Capital budgeting

? Definitions

? Key capital investment decisions

? Capital budgeting process


Forecasting with excel

? Building a good forecast

? Characteristics of a good forecast

? Steps in creating financial forecasts

? Creating reasonable underlying assumptions


? Development of pro forma financial statements

 Forecasting the cash budget?

 Ratio analysis template?


The Time Value of Money

 The impact time on the value? of money

 Simple interest and compound? interest

 Present values Vs Future? value

 Capital budgeting appraisal? methods


Day 4

Budgeting and control
 Flexible budget and overhead? analysis

 Understanding Key Budget? Factor

 Budgetary Approaches?

 Variance analysis and? investigation

 Budget Feedback System?


Case Study / Review


Promoter’s Profile

PearMutual Consulting Ltd (‘PearlMutual’ or ‘the Company’) is a business advisory firm established in September 2009 by a group of consultants with over 20 years of joint work experience in leading consulting/advisory services firms. The company offers services in Executive Training, Economic Review and Research, Accounting System Set-Up, Busi-ness Development, Enterprise Risk Management Consulting, Project Management, and Business Process Re engineering. PearlMutual is located in Lekki, Lagos.


Why PearlMutual?

? Highly exceptional quality at affordable rates

? Highly passionate and experienced trainers

? Practical and enjoyable sessions



Olufunmi Adepoju, CFA, CRA, ACA, B.Sc

Mrs Funmi Adepoju is the Managing Partner of PearlMutual Consulting Ltd. She is a graduate of ac-counting from the University of Ilorin and qualified as a chartered accountant in 2000. Her work experience spans various sectors including banking, economic and equity research, credit risk management, asset manage-ment and credit ratings. She has worked in reputable organisations including Prudent Bank Plc, Financial Derivatives Company, Augusto and Co and Chapel Hill Advisory Ltd.


Funmi joined Agusto and Co in 2004 as an analyst and was responsible for writing credit ratings reports on companies in the cement and real estate industries. She was also respon-sible for writing the Insurance Industry report throughout the time she worked in the firm. Other research report she worked on at various times include the Banking Industry Report, the Nigerian Macroeconomic Overview, Real Estate Industry Report and Stock Market Report. Funmi also worked in the product development unit for a while, where she helped develop the fund rating, municipal bond rating and insurance ratings models. She subsequently rose to the position of the team lead for the Risk Management Depart-ment and Insurance Rating Unit. She was part of team that worked with deployment of rating tools for United Bank for Africa (UBA) in 2004 and was the team lead for implemen-tation of credit risk management framework in First Bank of Nigeria and Fidelity Bank Plc in 2005 and 2008 respectively.


She resigned from Chapel Hill Advisory as a senior associate for the research group in June 2009 to start PearlMutual Consulting Ltd. She has over nine years experience as a trainer and is indeed passionate impact knowledge. Funmi is a CFA charter holder and a Certified Risk Analyst.


Tolu Akindele CFA, MSc, BSc

Tolu Akindele holds a combined first degree in Computer Science and Economics from Obafemi Awolowo University in Nigeria and an MBA with concentration in Small Busi-ness Management and Finance from the University of Hertfordshire in the UK. She is also a Chartered Financial Analyst (CFA). She began her career as a pioneer staff and analyst in a consulting firm that specialises in Business Planning, Business Process Review & Re-engineering and general financial advisory. She left consulting as a Senior Associate to join Ecobank Nigeria Plc in their Investment Banking Unit. During her stay at Ecobank, she was responsible for business development and income generation for the unit.


Tolu also worked with GroFin Nigeria - a venture finance company that specialises in funding viable SMES and offering these entrepreneurs business support and advisory. At Grofin, she was responsible for providing business support in finance, operations, sales and marketing to the funded entrepreneurs whilst she was able to also learn immensely from the entrepreneurs’ wealth of experience in their chosen fields. Tolu has facilitated several courses on business plan writing, positioning small businesses to access funding and other related topic on behalf of GroFin at the Entrepreneur Development School of the Pan Atlantic University, Lagos. She also trains CFA candidates at Strategy Plus – a CFA Exam preparatory school. Tolu currently heads a real estate company and is a member of the United Kingdom Society of Investment Professionals.


How to contact PearlMutual



Tel: +2348165789484, +2348132326547

Project Manager: Hope Isangediok +2348034847655


Date: 09-12-2013



Who should Attend:

This program is designed for all professionals who have vested interests in forecasting trends at the strategic, tactical, operational and planning levels.

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