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Why am I being charged VAT?
The EU VAT Directive stipulates that all training and educational courses that are provided in the UK must include a VAT charge on payment.  

Can I reclaim my VAT back?
Overseas delegates who attend our courses in the UK are eligible to claim their VAT back once it has been paid.    

How can I claim the VAT back paid on a course?
There are two ways in which you can claim back VAT back from the UK.

Option 1 - Directly through HM Revenue and Customs

The most cost-efficient way is to claim back VAT directly from the UK Tax Authority (HMRC) by completing the following form. 
For European clients, please refer to form VAT 65
All other clients, please refer to form VAT 65A.

Option 2 - Through our Recommended VAT Reclaim Service – VAT IT
The specific rules for VAT reclaim will vary according to the laws of your country of residence. This can be complicated and time-consuming. 

Euromoney have an exclusive partnership with VAT IT, specialists in international VAT reclaim.  VAT IT will review, process and submit your VAT refund on your behalf. 

VAT IT will charge a percentage of the VAT refund if/when it is successful. 

If you want to find out more about this service, please email your details to: euromoney@vatit.com  

You may also be able to claim back your VAT against courses taking place outside of the UK, and we would recommend contacting VAT IT, our specialist partner, to discuss how to do this.

RECLAIMING YOUR VAT WITH VAT IT

Course details

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Strategic Planning, Effective Budgeting & Cost Control

Get ahead in the planning, control, and budgeting cycle
  • Today, the human mind is often absorbed in so much data, that it has difficulty processing the multitude of facts and relationships simultaneously and sometimes forgets important elements. Thus, as plans become more and more intricate, they should be documented in writing and include qualitative narratives of goals, objectives, and means of accomplishing the objectives.


    This course will allow the participant to explore and share with other participants new thoughts in the planning, control, and budgeting cycle, resulting in a renewed energy in returning to the workplace and implementing a more focused budgeting process, which communicates useful and timely information to management.


    The course will provide a framework for each topic covered, and then will make extensive use of exercises and case studies.

    • Live group instruction
    • Detailed practical examples
    • Use of case studies and real world examples
    • Interactive participation
    All participants receive a comprehensive binder containing copies of the presentation slides, handouts and other course materials


    Featuring:

    • Introduction to planning and control
    • Budgeting overview
    • Behavioural aspects of budgeting
    • Understanding cost behaviour
    • Flexible budgets and standard cost systems
    • Developing an annual/master budget
    • Conceptual aspects of budgeting
    • Resource allocation
    • Activity-based management and activity-based costing
    • Controlling Costs: Economy, Efficiency & Effectiveness
    • Delivering operational excellence


    What this course will enable you to do:

    • Acquire best practices in budgeting
    • Understand the strategic role of cost concepts
    • Explain the costs concepts to the use of cost information for management control
    • Describe the role of budgets in the management process
    • Discuss the importance of strategy and its role in the master budget
    • Prepare a master budget and explain the interrelationships among its supporting schedule
    • Understand zero-base, activitybased, and kaizen approaches to budgeting
    • Explain the essence of control systems
    • Develop flexible budgets for evaluating short-term financial performance
    • Identify different cost control measures
    • Measure and evaluate performance
    • Leverage emerging technologies for delivering operational excellence

  • Day 1


    Strategic Planning

    All too often finance’s role in strategic planning is limited to assembling the numbers. But finance people have skills that can add real value to strategic planning. This module looks at how to leverage core finance skills to improve the strategic plan.
    • Key elements in strategic planning
    • Finance’ role in supporting strategic planning
    • Assessing financial impact of strategic choices
    • Challenging the operational and people impact of strategic choices
    The role of finance
    The demands placed on the CFO by the CEO, other business executives and the board changes as the political and economic environment changes. This module reviews current demands and looks at how leading finance functions have responded.
    • Finance’s role post global financial crisis
    • Examples of world class finance functions’ roles
    • Do business ethics have a role in finance?
    • Dealing with ethical dilemmas
    • Benchmarking maturity profiles for finance - scorekeeper through to business partner
    Management of a Finance Function
    Managing a finance function has special challenges because of the range of people (qualified and non- qualified accountants), the range of work (daily processing through to project work) and the inherent conservatism of people attracted to working in finance. This module assesses how this variety impacts the normal people and work management approaches and methods.
    • Management vs. leadership
    • Project management methods for month end / budgets etc
    • Motivating finance people
    • Retaining finance people
    • Managing change in finance
    Budgeting Overview
    Budgets are often criticised as being fine for financial control but not of much use in running the business. This module looks at best practice for preparing budgets whilst the ensuing modules provides an overview of how the budget process can be modified to make it really useful for the business.
    • Role of budgets
    • The budget process
    • How to engage the business
    Rolling Forecasts Overview
    This module investigates how the budget process can be modified to make it forward looking and pivotal to running the business effectively.
    • Role of forecasts and the link to strategy
    • Comparing and contrasting budgets and forecasts
    • Identifying key business drivers

    Day 2

    Budgeting and Forecasting Workshop
    (Exercises and Discussions)

    Delegates will get an opportunity to explore (via group based exercises) the budgeting process and key planning and forecasting techniques used to build and manage reliable budgets and forecasts, adjusting to reflect changing conditions and to improve performance.
    Budgeting
    • Setting budget targets and goals
    • Budget responsibility centres
    • Categorising and regrouping relevant information
    • The key budgetary statements
    • Budgeting Pitfalls
    Budgeting Methods
    • Top-down & bottom-up budgeting
    • Zero-based & sctivity based budgeting
    • Multiple-scenario based and flexible budgeting
    Types of Budgets
    • Departmental budgets
    • Cash budgets
    • Capital and operating budgets
    • Master budgets
    Types of Costs
    • Fixed & variable costs
    • Controllable & uncontrollable costs
    Financial Plan
    • Appraisal techniques (net present value, internal rate of return, economic order quantity, simple payback)
    Post-Budget Analysis
    • Identifying corrective action
    Forecasting
    • Why have a rolling forecast?
    • The rolling forecast process
    • Creating forecast for revenue and expenditure
    • Rolling forecast as a catalyst for change
    Budget and Forecasting Templates
    • Actual template
    • Variance reporting template
    • Reporting template
    Benchmarking and Reporting
    • Financial and non-financial key performance indicators (KPIs)
    • Milestone monitoring
    • Presenting complex budgets
    Annual Budget and Forecasting Cycle
    • Key drivers behind sales, costs and margins
    • Scenario planning for uncertain futures
    • Budget and forecasting timetable

    Day 3

    Finance Business Partnering - How to find out what Finance’s customers really want

    Whilst there are well established ways for identifying and interpreting what external customers want these need modification when being used for internal customers. This module looks at best practice for identifying what finance’s customers want and need.
    • Conducting well-structured interviews
    • Designing carefully considered questionnaires
    • Monitoring customer satisfaction

    Management use of Budget and Forecast Data

    A revised budget process will produce new information. This module reviews this new information and how the business needs to change to make effective use of it.

    • The different types of reports and their use
    • Developing quality commentary
    • Structuring the monthly management meeting to best use the new information

    Risk Management

    Risk management is key to effective corporate governance. But very often the way it is implemented is heavy handed and a real burden on the business. This module looks at finance’s role in risk management and how to ensure that risk management in its own processes are cost effective.

    • Role of risk management in corporate governance
    • Finance’ role in supporting risk management
    • Cost/effective risk management in finance's own processes
    Managing/Communicating with Board/CEO/CFO

    Whilst managing ‘downwards’ has its challenges, managing ‘upwards’ including the people who are Finance’s customers is really challenging and can have a significant impact on your career. This is exacerbated when there are significant events such as M&A or bankruptcy of a major customer. This module looks at how to manage upwards and how to manage in a business discontinuity event.
    • Fundamentals of managing upwards
    • Balancing requirements against resources
    • Managing expectations and maintaining credibility
    • Managing in a business discontinuity

    Day 4

    Controlling Costs: Economy, Efficiency and Effectiveness
    One of the strategic priorities of the finance function of an organisation is to focus on the provision of financial information for planning, controlling and decision making of the organisation’s activities in such a way to ensure efficiency and effectiveness that maximises profits. Thus, controlling costs becomes a strategic thrust that increases profits, improves operations, and maximises shareholder wealth or improve effectiveness for-profit and not-for-profit organisations. From this vantage point, we set out to:

    • Review concepts and techniques for identifying, understanding, and controlling and managing costs to improve economy, efficiency and effectiveness of organisations.
    • Review tools and techniques that are at a manager’s disposal to make short-term operational decisions.

    Day 5

    Achieving operational excellence: Lean principles, Six Sigma and Technology Innovation
    In today’s fast paced and competitive business environments, executives are not only accountable for controlling costs and increasing revenues, but also for delivering operational excellence through improving productivity. We explore how managers can:

    • Reduce cost, improve speed of service, and improve quality through the adoption Lean principles and Six Sigma methodology.
    Organisations are increasingly leveraging emerging technologies to deliver operational excellence, as technology has become the greatest enabler and a significant differentiator in sustaining competitive advantage. We review how companies such as Amazon.com use web services, enterprise technologies such as customer relationship management (CRM), enterprise resource management (ERM) and architectures such as the Service Oriented Architecture (SOA) to manage costs and to deliver operational excellence, with real-world examples.
    We will use Harvard Business School (HBS) cases (Superior Manufacturing and Salem Telephone Company) and a book chapter on operational excellence to guide our discussion.

     

  • Do you have five or more people interested in attending this course? Do you want to tailor it to meet your company’s exact requirements? If you’d like to do either of these, we can bring this course to your company’s office. You could even save up to 50% on the cost of sending delegates to a public course.

    Our Tailored Learning Offering

    If you want to run this course at a location convenient to you or if you want a completely customised learning solution, we can help.

    We produce learning solutions that are completely unique to your business. We’ll guide you through the whole process, from the initial consultancy to evaluating the success of the full learning experience. Our learning specialists ensure you get the maximum return on your training investment.

  • We have a combined experience of over 60 years providing learning solutions to the world’s major organisations and are privileged to have contributed to their success. We view our clients as partners and focus on understanding the needs of each organisation we work with to tailor learning solutions to specific requirements.

    We are proud of our record of customer satisfaction. Here is why you should choose us to help you achieve your goals and accelerate your career:

    • Quality – our clients consistently rate our performance ‘excellent’ or ‘outstanding’. Our average overall score awarded to us by our clients is nine out of ten.
    • Track record – we have delivered training solutions for 95% of worlds’ top 100 banks and have trained over 250,000 professionals.
    • Knowledge – our 150 strong team of industry specialist trainers are world leading financial leaders and commentators, ensuring our knowledge base is second to none.
    • Reliability – if we promise it, we deliver it. We have delivered over 20,000 events both in person and online, using simultaneous translation to delegates from over 180 countries.
    • Recognition – we are accredited by the British Accreditation Council and the CPD Certification Service. In an independent review by Feefo we scored 96% on service and 95% on product
This course can be run as an In-house or Tailored Learning programme

Instructor

  • Raj Gandhi

    I have 25 years’ experience in the financial services, energy and retail sector and have built up expertise in finance, treasury, internal audit, risk and governance.

    Biography

    Raj Gandhi - days 1-3:The course instructor is FCCA and FCT with 25 years’ experience in the financial services, energy and retail sector, who has built up expertise in finance, treasury, internal audit, risk and governance. He is the former CFO of London Capital Group Holdings plc, and other prominent roles include business analyst in group reporting/global audit manager (treasury) for Royal Dutch Shell plc and group treasurer of Empire Stores Group Plc. Since becoming a trainer and independent consultant in 2009, he has developed reputation for delivering highly pragmatic learning with a practitioner perspective. He is a founder and director of GGV Treasury, Finance & Risk Solutions with clients in the UK and internationally.

Venue

London

"All courses are held at four or five star venues in Central London, Zone 1. We strive to provide you with a training environment of the highest quality, to ensure that the whole learning experience exceeds your expectations.

Your training venue will be confirmed by one of our course administrators approximately 3-4 weeks before the course start date.

As such we have detailed our most frequently used training destinations in London on this map. If you need help booking accommodation for your visit to our training courses, please contact accommodation@euromoneylearningsolutions.com and one of our partners will help you get the best rate possible."