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Effective Budgeting and Cost Control
overview

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 details
COURSE DURATIONLANGUAGECERTIFICATE
3 DaysEnglishDISS Certificate
 *Please notify us if an interpretation is required 
course benefits/progression opportunities
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)

 

COURSE TYPE: CLASSROOM
DATETIME
  
  
TESTIMONIAL

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