Financial Plans and Budgets

People who understand finance can speak the universal language of business and have greater success advancing their ideas and their careers. FIU's course, Financial Plans and Budgets, focuses on the all-important relationship between financial goal-setting and the budgeting process. Armed with this knowledge, participants are better equipped to build successful businesses—their own or their employer's.

This one-day course offers students a practical grounding in financial reporting, analysis, and decision-making that is relevant to any management function. Participants gain a working knowledge of key financial principles, processes and terminology essential to develop forecasts and use budgets to control and measure results.

Highlights

This course provides a solid foundation in the basic financial and budget processes that are used for business planning, measurement and control. You will learn how to read and comprehend key financial statements including income statements and balance sheets and to create budgets that align with organizational financial goals and plans.

The course includes a comprehensive overview of financial short- and long-term financial planning, and budgeting as well as working capital management and Return-on-Investment measures.

Unique Features

Our focus is on preparing you to make informed financial decisions concerning how to allocate resources and maximize returns on equity and investment. We present and discuss the type of real-world issues and trade-offs that managers confront when attempting to assess potential risk, balance budgets, and plan for growth.

Specifically, you will gain the ability to:

  • plan and support financial decisions and funding choices related to investment and growth
  • dissect financial reports and understand key metrics that determine business health such as ROI, ROE, debt-equity ratios, and profit margin
  • produce budgets that align with organizational goals
  • use budgets for decision-making, performance measurement and improvement
  • analyze data trends affecting current and future profitability such as asset turnover,
  • respond to financial questions from bankers, senior managers, and others concerning your financial plan

Participants

This course is designed for business owners and managers who are responsible for company and/or departmental budgets.

Program Courses

Overview of Financial Statements

  • income statement
  • balance sheet

Short Term Financial Planning and Budgeting

  • sales forecasting
  • cash receipts
  • cash disbursements
  • net cash flows and cash balances
  • variability of cash flow estimates

Working Capital Management

  • managing current assets
  • financing current assets

Long Term Financial Planning and Budgeting

  • setting financial goals and plans
  • profit margin management
  • cost - volume - profit analysis
  • asset turnover management
  • financial leverage
  • return on investment

Faculty

John Zdanowicz, Professor 
Department of Finance, Florida International University

Dr. Zdanowicz holds a PhD in finance from Michigan State University and is director of the Jerome Bain Real Estate Institute. Dr. Zdanowicz teaches courses in financial management and international trade analysis. He has more than 12 years of consulting experience in corporate finance, capital budgeting, and mergers and acquisitions.

Schedule

Available as a Customized Program. For information about customizing an Executive & Professional Education program, please click here or contact us at 305-348-4217 or at epe@fiu.edu.

Tuition

The program fee of $395 includes tuition and instructional materials. The fee is subject to change and is payable in advance.

Location

Classes are held at the Modesto A. Maidique Campus, located at 11200 S.W. 8th Street, Miami. This location is convenient and easily accessible from the Florida Turnpike and the S.W. 8th Street Exit. Directions

Register

Saturdays, September 17, 2011- December 10, 2011 10:00am - 1:00pm | Register Now

Class size is limited. We encourage you to register early to reserve your place in the class.

By telephone

Please call our office at 305-348-4217, Monday to Friday, from 9:00 a.m. to 5:00 p.m. and we will take your registration and payment information. We accept Visa, MasterCard, American Express, or Discover Card.

In person
Come to the Office of Professional and Executive Education, Monday to Friday from 9:00 a.m. to 5:00 p.m. and we can process your application. Our location is College of Business Administration, 11200 S.W. 8th Street, CBC 223, Miami, Florida 33199-0001.

Once you have registered, you will receive an email confirming your place in the program.

Registration and Withdrawal Policies

Payment Policy: Program fees are due in full upon acceptance into the program.

Substitution Policy: Qualified substitutes for participants can be accommodated with advance written notice.

Withdrawal Policy: Due to costs associated with establishing, holding, and replacing participant slots, the following guidelines will be implemented:

  • 1 week prior the program: the participant will be charged 50% of the program fee.
  • 2 - 4 weeks prior the program: the participant will be charged 25% of the program fee.
  • The remainder of the above mentioned will be transferred to another program upon receipt of written notice.

Note: Florida International University reserves the right to change, without notice, any statement in this bulletin concerning, but not limited to, curricula, courses, faculty, tuition, fees, policies and rules. If course or curriculum changes take place after you begin the program, we will make every effort to implement the changes in your best interest.