Effective Budgeting and Cost Control

Course details

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

• Demonstrate how the budget relates to the key financial statements: balance sheet, income statement, and cash flow.
• 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.
• Apply cost control tools, analyze management variance reports and take proper corrective action.

Who should attend:

• All Managers
• Supervisors and analysts who prepare and/or use management budgets.

Course Outline: 

• 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)