Effective Budgeting and Cost Control (BMC)
Introduction

Planning and budgeting are must-have skills for all professionals regardless of their function or managerial level. This course covers the concept of budgeting as a planning tool, a financial device and a control mechanism. In addition, it provides the necessary application tools required to making long-term and short-term planning decisions.

Course Objectives

By the end of the course, participants will be able to: 

  • Defend the importance of linking an organization’s budget with its strategic plan
  • Demonstrate how the budget relates to the key financial statements: balance sheet, income statement, and cash flow
  • Prepare the key elements of an operating and capital budget and evaluate the different budgeting approaches used
  • Apply cost control tools, analyze management variance reports and take proper corrective action
  • Calculate different capital budgeting evaluation techniques as included in a capital expenditure proposal
  • Utilize cost-volume-profit analysis in making budgeting decisions
Course Outline

Module 1: Planning and the functions of management

Module 2: The key financial statements

Module 3: Budgeting: process and approaches

Module 4: Cost control

Module 5: Capital expenditure budgeting and analysis

Module 6: Cost-Volume-Profit analysis (CVP)

Category: Business Management Course
Industry:
Oil & GAS; Aviation & Maritime; Construction & Engineering; Food Production & Catering; Government Hospitality & Tourism; Manufacturing
Topics:
Finance & Accounting
Duration:
3 Days Course
Certification
DISS

Upcoming Course Dates

November 24-26, 2019

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Certification

Our programmes are tailored to boost organizational performance through revenue growth, human development, and operational excellence.

DISS Courses covers different Business related topics such as Administration and Secretarial, Banking and Insurance, Communication and Writing Skills, Finance and Accounting, Human Resources, Leadership and Management, Marketing Social Media, Project Management and a lot more.

TESTIMONIAL

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Meet THE INSTRUCTORS
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