Management >> Costing Finance and Accounting

Effective Budgeting and Cost Control

MF104

Location

Duration

Date

Fee inclusive of VAT

Jubail
5 Days
06-10-2024
10,350 (SAR)

Course Overview

  • See how the budget relates to the two key financial statements: balance sheet and income statement.
  • Prepare a budget consistent with the organization's strategic plan.
  • Use appropriate estimation techniques in the development of revenue and expense budgets.
  • Identify all the appropriate costs to be included in a capital expenditure proposal.
  • Analyze management cost reports and take corrective action;

Course Objective

  • Analyze management cost reports and take corrective action.
  • See how the budget relates to the two key financial statements: balance sheet and income statement.
  • Prepare a budget consistent with the organization's strategic plan.
  • Use appropriate estimation techniques in the development of revenue and expense budgets.
  • Identify all the appropriate costs to be included in a capital expenditure proposal.

Who Should Attend?

  • All managers, supervisors and analysts who prepare and/or use management budgets All managers, supervisors and analysts who prepare and/or use management budgets

Course Outline

  • Intoduction
  • Principles of Budgeting and Cost Control
  • Linking the Tactical Budget to Strategic Objectives
  • Types of Budgets
  • Approaches to Budgeting
  • Budgeting and Costing Techniques
  • Project Budgeting
  • Capital Expenditure Budgeting and Analysis
  • Cost Control AND MANAGEMENT Budget Reports

Training Methodology

  • Presentation & Slides
  • Audio Visual Aids
  • Interactive Discussion
  • Participatory Exercise
  • Action Learning
  • Class Activities
  • Case Studies
  • Workshops
  • Simulation

Terms & Conditions

ACTrain reserves the right to alter the Course Schedule without Prior Notification, Fees Quoted are Subject to Terms & Conditions Outlined in ACTrain's Registration Policy

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