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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
d-m-Y
To Action
1 3,250 17-02-2020 21-02-2020 Enquire
Course Code:163
2 3,250 20-04-2020 24-04-2020 Enquire
Course Code:164
3 3,250 22-06-2020 26-06-2020 Enquire
Course Code:165
4 3,250 17-08-2020 21-08-2020 Enquire
Course Code:166
5 3,250 19-10-2020 23-10-2020 Enquire
Course Code:167
6 3,250 21-12-2020 25-12-2020 Enquire
Course Code:168

Kuala Lumpur

# Price ($) From
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To Action
1 2,950 23-02-2020 27-02-2020 Enquire
Course Code:421
2 2,950 19-04-2020 23-04-2020 Enquire
Course Code:422
3 2,950 21-06-2020 25-06-2020 Enquire
Course Code:423
4 2,950 16-08-2020 20-08-2020 Enquire
Course Code:424
5 2,950 18-10-2020 22-10-2020 Enquire
Course Code:425
6 2,950 20-12-2020 24-12-2020 Enquire
Course Code:426

London

# Price ($) From
d-m-Y
To Action
1 4,500 17-02-2020 21-02-2020 Enquire
Course Code:685
2 4,500 13-04-2020 17-04-2020 Enquire
Course Code:686
3 4,500 15-06-2020 19-06-2020 Enquire
Course Code:687
4 4,500 10-08-2020 14-08-2020 Enquire
Course Code:688
5 4,500 12-10-2020 16-10-2020 Enquire
Course Code:689
6 4,500 14-12-2020 18-12-2020 Enquire
Course Code:690

Doha

# Price ($) From
d-m-Y
To Action
1 3,250 02-03-2020 06-03-2020 Enquire
Course Code:871
2 3,250 29-06-2020 03-07-2020 Enquire
Course Code:872
3 3,250 26-10-2020 30-10-2020 Enquire
Course Code:873