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Effective Budgeting and Cost Control

Finance, Accounting and IT
Any


Offered on Demand
Duration: 2 Days 9 AM - 5 PM
  

Workshop Description

Effective Budgeting and Cost Control

 

How often did your plans and projects fail due to ineffective budgeting? How many times do you request additional funding because the expenses exceeded the put budget? How often did your business revenue due to lack of proper cost control?

 

 

Objectives

Businesses often encounter financial difficulties as a result of either inadequate budgeting or errors within the compilation of the budgets. This Budget & Cost Control training course takes a practical approach to financial planning for the organization and considers:

  • The compilation of budgets
  • How to identify potential problems arising and suggests actions which can be taken.
  • Looks at ways of improving financial control using budgets, so as to avoid reduced profits and/or financial problems.
  • Provides opportunities for participants to apply the course content to practical examples.
Designed for

This workshop will benefit Financial managers/directors, accountants, financial assistants, budget accountants, analysts, budget and planning managers.

What you will learn

By the end of this workshop participants will be able to:

  • 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.


Follow On Programs:

Budgeting & Managing Money (Improve Your Career Performance & Success)

Financial Expertise for the Aggressive Professional Module A (FFNFM)

Integrating Financial Management Concepts into Your Thinking

Understand Profit, Loss & Balance Sheets

Understanding Financial Reports

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