The Effective Budgeting, Performance Management and Cost Control Strategies in Banks Course will cover the following topics and more:
Fundamentals of budgeting and financial planning in Banks
- Types of Budgets.
- Methods of preparing budgets.
- Budget assumptions.
- Internal factors affecting budget.
- Developing proper budgeting attitude.
- Roles and functions of management in budgeting
- Budgeting as a management tool
- Budgetary control objective
Best practice budgetary process
- Analysis of operating financial and economic environment
- Choosing suitable types of budget for your bank.
- Developing and issuing guidelines and circulars.
- Budget committee meetings and budget defence.
- Preparing the master budget and its components.
- Obtaining executive approval and communicating same to business units.
- Budgeting implementation and monitoring.
- Budgeting control and the feedback loop
- Issues in budget discipline
Variance analysis for Improved performance
- Information to variance analysis.
- Types of variances; income, expenses, cash, etc,
- Causes of variance and their identification
- Calculation of various types of variances.
- Follow-up action and management reporting.
- Variance analysis as a performance improvement tool.
- Emerging trends and future challenges.
Capital budgeting strategies
- Discounted Cash Flow (DCF).
- Future values and present value
- Annuities and perpetuities.
- Methods of evaluating capital investment decisions.
- Accounting rate of return (ARR) and payback.
- Net present value (NPV) versus internal rate of return.
- Equivalent annual cost (EAC) method
- Capital asset pricing model.
Profitability planning: strategic aspects of assets and liability management
- Role of forecasting in banks.
- Assets and liability management (ALM) techniques
- Framework for ALM
- Organizational framework.
- Operational framework.
- Analytical framework.
- Information reporting framework.
- Performance measurement framework.
- Regulatory compliance framework.
- Control framework.
Performance analysis and reporting for cost control and monitoring: process and procedure
- Organize data to determine full costs of offering services.
- Calculate the cost of quality, measure cycle time efficiency and identifying non-value added key processes.
- Profitability - types and balance score card
- Cost centres and cost management
- Essentials of an efficient cost management.
- Strategies of efficient cost management.
- Efficiency improvement programmes
- Strategies for achieving survival, growth and development.​
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