Effective Budgeting and Cost Control

Effective Budgeting and Cost Control

Duration:  5 Days

Target Group:  All managers, supervisors and analysts who prepare or use management budgets.

OBJECTIVES:

• 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

PROGRAM CONTENT:

• Planning and the functions of management
• The key financial statements
• Budgeting: process and approaches
• Cost control
• Capital expenditure budgeting and analysis
• Cost-Volume-Profit analysis (CVP)

For registration and inquires:

[email protected]