Program Overview
This course equips financial professionals in the automotive manufacturing industry with comprehensive knowledge and hands-on experience in Financial Planning & Analysis (FP&A). Covering essential topics such as budgeting, forecasting, cost management, capital budgeting, and financial modeling, the program is tailored to address the unique challenges of automotive operations. Participants will learn to analyze financial statements, apply advanced financial techniques, and build decision-support models specific to automotive scenarios. The course culminates in a practical workshop where real-life challenges are tackled, ensuring participants leave with actionable skills to enhance profitability and strategic decision-making.
Features
- Develop budgeting, forecasting, and cost management strategies specific to automotive manufacturing.
- Apply financial modeling tools and techniques to optimize production, sales, and profitability.
- Evaluate capital investments using methods like NPV, IRR, and risk assessment tailored to automotive projects.
- Gain hands-on experience with real-world automotive financial challenges to enhance decision-making skills.
Target audiences
- Finance teams, analysts, FP&A professionals, and managers in automotive manufacturing.
Curriculum
- 7 Sections
- 24 Lessons
- 1 Day
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- Introduction to Financial Planning & Analysis (FP&A)4
- 1.1Definition and role of FP&A in an automotive company
- 1.2Key FP&A processes – budgeting, forecasting, variance analysis, financial modeling
- 1.3Understanding financial statements – Income statement, balance sheet, cash flow statement
- 1.4Financial ratios relevant to the automotive industry (e.g., inventory turnover, current ratio, debt-to-equity ratio)
- Budgeting & Forecasting for Automotive Manufacturers3
- 2.1Types of budgets (master budget, sales budget, production budget, etc.) and their relevance to automotive manufacturing
- 2.2Techniques for financial forecasting in the automotive industry (e.g., time series analysis, regression analysis)
- 2.3Rolling forecasts and their importance in a dynamic industry like automotive
- Cost Management & Profitability Analysis3
- 3.1Cost behavior analysis (fixed cost, variable cost) and its application in automotive manufacturing
- 3.2Techniques for cost reduction and cost control in an automotive environment (e.g., value engineering, lean manufacturing)
- 3.3Profitability analysis – contribution margin, break-even point, cost-volume-profit (CVP) analysis
- Capital Budgeting & Investment Appraisal3
- 4.1Techniques for capital budgeting decisions (e.g., Net Present Value (NPV), Internal Rateof Return (IRR), Payback Period)
- 4.2Risk assessment and consideration of uncertainty in capital budgeting for automotive projects
- 4.3Capital budgeting specific to the automotive industry (e.g., evaluating investments in new production lines, R&D projects)
- Financial Modeling for Automotive Decisions3
- 5.1Building financial models for automotive scenarios (e.g., sales forecasting, production planning, profitability analysis)
- 5.2Using financial modeling tools (e.g., spreadsheets, specialized software) to support financial decision-making
- 5.3Data considerations and limitations in financial modeling for the automotive industry
- Hands-On Workshop: Real-Life Scenarios5
- Closing Discussion3
Instructor
