تفاصيل الدورة

Objective
  • Acquire best practices in budgeting
  • Understand the strategic role of cost concepts
  • Explain the costs concepts to the use of cost information for management control
  • Describe the role of budgets in the management process
  • Discuss the importance of strategy and its role in the master budget
  • Prepare a master budget and explain the inter-relationships among its supporting schedule
  • Understand zero-base, activity-based, and kaizen approaches to budgeting
  • Explain the essence of control systems
  • Develop flexible budgets for evaluating short-term financial performance
  • Identify different cost control measures
  • Measure and evaluate performance
Outline
  • Project management methods
  • Budgeting Overview
  • The budgeting process
  • How and whom to engage
  • Budgetary statements
  • Budgeting Methods
  • Top-down & bottom-up budgeting
  • Zero-based versus activity based budgeting
  • Types of Budgets
  • Departmental budgets
  • Cash budgets
  • Capital and operating budgets
  • Master budgets
  • Types of Costs
  • Fixed & variable costs
  • Controllable & uncontrollable costs
  • Budgeting and Forecasting
  • Creating forecast for revenue and expenditure
  • Rolling forecast as a catalyst for change
  • Variance reporting template
  • Reporting template
  • Financial and non-financial key performance indicators (KPIs)
  • Annual Budget and Forecasting Cycle
  • Budget and forecasting timetable
  • The different types of reports and their use
  • Risk Management
  • Risk management in corporate governance
  • Finance' role in supporting risk management
  • Cost Control and how to reduce costs
  • Cost management and motivation
  • Embedding cost control in the business
تحديث بتاريخ 16 May, 2024

المتطلبات

There are no eligibility requirements to attend this course.

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