Mastering Planning, Budgeting and Forecasting

Comprehensive Guide to Financial Planning: Processes, Key Outcomes, Stakeholders, Challenges, and Future Technologies

What you'll learn
- Understanding the significance of Planning, Budgeting and Forecasting (PBF) Process
- Learn what are the Key Outcomes of PBF Process
- Understanding activities & lifecycle of PBF Process
- Know who are the Key Stakeholders involved in PBF Process
- Identify the metrics to measure Performance of PBF Process
- Walkthrough of key challenges faced by global organizations and firms
- Understanding the involvement of Key Tools and Technologies in PBF Process
- AI/ML usecases in PBF Process

Requirements
- There is no specific pre-requisite to undertake this course. Basic understanding of Financial Statements would be helpful though

Description
Financial planning is an essential function within any organization, playing a pivotal role in the judicious allocation of resources, ensuring sustained financial stability, and achieving strategic objectives. This in-depth tutorial is designed to offer a thorough understanding of the financial planning process. It will illuminate the key outcomes expected from effective financial planning, enumerate the range of activities involved, and explain the entire lifecycle of the process.

Furthermore, it will identify the stakeholders who play crucial roles in financial planning, from executives and financial managers to operational teams, and highlight the unique challenges they face. The tutorial also delves into the array of tools and technologies that facilitate financial planning, from traditional software to advanced systems.

A special focus will be given to the transformative impact of artificial intelligence (AI) and machine learning (ML) technologies on financial planning. These technologies are revolutionizing the way financial data is analyzed and decisions are made, offering predictive insights and automating complex tasks. The tutorial will present relevant use cases to illustrate how AI and ML are being integrated into financial planning to enhance accuracy, efficiency, and strategic foresight.

In essence, this comprehensive guide aims to equip participants with a detailed knowledge of financial planning, covering every aspect from basic principles to advanced technological integration, ensuring they are well-prepared to navigate and leverage the financial planning landscape effectively.

Who this course is for:
- Business Management students focusing on Finance
- Beginner Finance Professionals working in the area of Business Finance or FP&A function
- Experienced Finance Professionals aiming to learn leading practices in PBF process
- Finance SMEs interested in learning underlying tools and technologies supporting Finance Function
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