Effective Budgeting & Cost Control
Delivery:
Various
For group bookings, to discuss tailored delivery or for any questions about this course, please get in touch:
Course 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 make long-term and short-term planning decisions.
Learning Objectives
By the end of the course, participants will be able to:
- Define the importance of linking an organisation’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, analyse management variance reports and take proper corrective action
- Calculate different capital budgeting evaluation techniques as included in a capital expenditure proposal
- Utilise cost-volume-profit analysis in making budgeting decisions
Course Modules
Day 1: Budgeting and Control as Critical Features of the Organisation
- Planning and the functions of management
- The key financial statements
- Budgeting: process and approaches
Day 2: The Key Activities and Techniques
- Cost control
- Capital expenditure budgeting and analysis
- Cost-Volume-Profit analysis (CVP)
For group bookings, to discuss tailored delivery or for any questions about this course, please get in touch:
The course is currently unavailable
We will notify you when it is available again. Just leave your email address:
Request info
Interested in this topic?
Sign up now and stay informed about upcoming dates and similar programmes.