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Essential Keys to Budgeting and Cost Control

Essential Keys to Budgeting and Cost Control

ACCOUNTING, FINANCE AND BANKING


Essential Keys to Budgetingand Cost Control

Introduction:

This course is introduced to you by the International Academy of Human Resources Development (IAHRD). Our courses are specially designed to meet your needs, explained to you by experts with a long experience in the field. Linking the organization's budget with its strategic plan is very important, which as a result, arises the importance of this course. In this course, you will understand how the budget relates to the key financial statements. You will also learn how to evaluate different budgeting approaches and use the ones that fits your situation. This course is highly interactive and will definitely be beneficial to you in interpreting financial statements, planning and budgeting, cost control, capital budgeting, and breakdown analysis.

 

Objectives:

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

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

Content:

Module 1:

  1. Introduction to accounting.
  2. Basic concepts and definitions.
  3. What do we mean by "budgeting"?
  4. What do we mean by "cost control"?

Module 2:

  1. The relationship between budgets and strategic plans.
  2. Common key financial statements.
  3. What is the relationship between budgeting and cost control?
  4. How to create a budget?

Module 3:

  1. Achievable forecasts.
  2. A straightforward costs budgeting.
  3. The evaluation of different budgeting approaches.

Module 4:

  1. Paying attention to early warnings.
  2. Overhead Costs vs. Variable Costs.
  3. Improving cash flow and profitability.
  4. Cost-Volume-Profit analysis.

Module 5:

  1. Cutting costs without cutting quality.
  2. Effective cost control tools.
  3. Management variance reports analysis.
  4. Corrective actions to take.

Case study and recommendations.

Who Should Attend?

  1. All managers.
  2. Supervisors and analysts
  3. Candidates who prepare or use management budgets.
  4. Interested candidates.

 

 

Istanbul

# Price ($) From
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1 3,250 24-02-2019 28-02-2019 Enquire
Course Code:163
2 3,250 28-04-2019 02-05-2019 Enquire
Course Code:164
3 3,250 30-06-2019 04-07-2019 Enquire
Course Code:165
4 3,250 25-08-2019 29-08-2019 Enquire
Course Code:166
5 3,250 27-10-2019 31-10-2019 Enquire
Course Code:167
6 3,250 29-12-2019 02-01-2020 Enquire
Course Code:168

Kuala Lumpur

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1 2,950 25-02-2019 01-03-2019 Enquire
Course Code:421
2 2,950 22-04-2019 26-04-2019 Enquire
Course Code:422
3 2,950 24-06-2019 28-06-2019 Enquire
Course Code:423
4 2,950 19-08-2019 23-08-2019 Enquire
Course Code:424
5 2,950 21-10-2019 25-10-2019 Enquire
Course Code:425
6 2,950 23-12-2019 27-12-2019 Enquire
Course Code:426

London

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1 4,500 18-02-2019 22-02-2019 Enquire
Course Code:685
2 4,500 15-04-2019 19-04-2019 Enquire
Course Code:686
3 4,500 17-06-2019 21-06-2019 Enquire
Course Code:687
4 4,500 12-08-2019 16-08-2019 Enquire
Course Code:688
5 4,500 14-10-2019 18-10-2019 Enquire
Course Code:689
6 4,500 16-12-2019 20-12-2019 Enquire
Course Code:690

Amsterdam

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1 4,500 04-03-2019 08-03-2019 Enquire
Course Code:871
2 4,500 01-07-2019 05-07-2019 Enquire
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3 4,500 28-10-2019 01-11-2019 Enquire
Course Code:873

Athens

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1 4,500 25-02-2019 01-03-2019 Enquire
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2 4,500 24-06-2019 28-06-2019 Enquire
Course Code:1004
3 4,500 21-10-2019 25-10-2019 Enquire
Course Code:1005

Barcelona

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2 4,500 17-06-2019 21-06-2019 Enquire
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3 4,500 14-10-2019 18-10-2019 Enquire
Course Code:1137

Copenhagen

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2 4,500 10-06-2019 14-06-2019 Enquire
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3 4,500 07-10-2019 11-10-2019 Enquire
Course Code:1269

Frankfurt

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1 4,500 04-02-2019 08-02-2019 Enquire
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2 4,500 03-06-2019 07-06-2019 Enquire
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3 4,500 30-09-2019 04-10-2019 Enquire
Course Code:1401

Madrid

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1 4,500 28-01-2019 01-02-2019 Enquire
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2 4,500 27-05-2019 31-05-2019 Enquire
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3 4,500 23-09-2019 27-09-2019 Enquire
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Milan

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2 4,500 20-05-2019 24-05-2019 Enquire
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3 4,500 16-09-2019 20-09-2019 Enquire
Course Code:1665

Munich

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1 4,500 14-01-2019 18-01-2019 Enquire
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2 4,500 13-05-2019 17-05-2019 Enquire
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3 4,500 09-09-2019 13-09-2019 Enquire
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Paris

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2 4,500 06-05-2019 10-05-2019 Enquire
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3 4,500 02-09-2019 06-09-2019 Enquire
Course Code:1929

Stockholm

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2 4,500 26-08-2019 30-08-2019 Enquire
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3 4,500 30-12-2019 03-01-2020 Enquire
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Vienna

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2 4,500 26-08-2019 30-08-2019 Enquire
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3 4,500 23-12-2019 27-12-2019 Enquire
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Zurich

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2 4,500 19-08-2019 23-08-2019 Enquire
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3 4,500 16-12-2019 20-12-2019 Enquire
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