Annual budgets require months to prepare and too often are obsolete before they are actually completed. That defeats their original intent which was to foster greater financial control and administration. They also tend to only be an inward look at the company’s finances and how they are to be controlled for the next year. Strategic plans take a more outward and continuous view of all necessary resources including: manpower, units, facilities, growth, and the company’s position in its markets. Both planning processes tend to be siloed and lack the comprehensive view that integrated planning provides.

Integrated business planning is the process of connecting the strategic planning function across an organization to improve its internal alignment, annual budgets and financial performance. Integrated planning links strategic planning, operational planning and financial planning. Linking all plans and forward looking assumptions across an enterprise, executives and other decision makers are able to evaluate plans more realistically, uncover inconsistencies and risks and assess opportunities.

In this course, you learn emerging techniques to master key objectives through integrated planning. You learn how to develop an integrated plan that fosters inter-departmental collaboration and promotes agility to help your company rise to the challenges of a volatile economy and changing markets.

SKU *: crs-1544682
Sell price $: 24.00
Course Author: Larry Williams
Authored on: 2014-05-15 10:29:58 -0700
Course Preview:

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Course Short Description:

This course explains how to develop an integrated planning process that effectively aligns the budgeting and strategic planning processes.

credit Hours: 0
CPE Credits Awarded *: 1
Approval Status: - None -
Course is for: ** Main Course Library **
Course Duration: 1
Complexity of Content: Foundational
Suppress in lists: No
Last Updated/Reviewed Date: March 28, 2024
Prerequisitses:

Prerequisite: Exposure to corporate strategy and a basic understanding of accounting, financial planning and control.

 

Advanced Preparation: None

 

Learning Objective:
  • Articulate the differences between a financial budget and a continuous integrated plan.
  • Establish that better decisions and less risk can be accomplished by preparing contingency plans ahead of time.
  • Discover how to successfully manage the entire business by utilizing integrated planning techniques to better achieve strategic intent.
  • Appreciate that greater financial success and improved agility is better achieved through completely open and honest communication across all primary functions of the organization.
Learning Tags:

Budgeting & Forecasting

Course Type: CPE Course
Format: On Demand
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Excel: No
Finance: Yes
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Internal Audit: No
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Field of Study: Finance
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