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Venue |
Starting Date |
Duration |
Fees |
Dubai - UAE ,
|
20231106
06 - Nov - 2023 |
5 - Day |
$4,750 |
Register
|
Online - Virtual ,
|
20231205
05 - Dec - 2023 |
2 Hrs X 8 Sessions |
$1,750 |
Register
|
COURSE OVERVIEW
In order to make better business decisions, decision makers need to understand the fundamentals of budgeting and costing. This training course has been devised to give business decision makers a good understanding on budgets, cost controls, variances and associated analysis that will lead to better decisions being made & better results being attained.
The Effective Budgeting & Cost Control training course will clarify budgeting terms; clearly explain the methodology used and cover both traditional & non-traditional budgeting methods through to newer methods and approaches. We will take the same approach with all elements of costing.
LEARNING OBJECTIVES
- Understand the budgeting process
- Learn the range of budgeting options
- Understand both budgeting and costing terminology
- Calculate more effective budgets
- Utilize improved costing methods
- Be in a position to devise their own budget and control system
- Be aware of non-budget tools such as Balance Scorecards
TARGET AUDIENCE
- All personnel involved in preparation of budgets
- Budget supervisors
- Operational managers
- Productions managers
- Financial managers
- Others who provide and enter information
- Anyone else who wants to understand budgets and costing within their business
TRAINING METHODOLOGY
The practical and results-oriented Effective Budgeting & Cost Control training course is based on adult learning concept. It incorporates short inspiring lectures with captivating PowerPoint slides; videos to enhance learning; ongoing discussions with action planning; ample time for Q&A; training activities to reinforce key concepts within a fun learning environment.
Pre & Post course assessments will be used to measure the effectiveness of this training.
COURSE CONTENTS
Module 1 -Strategic and Financial Planning
Module 2 -Factors Affecting Budgeting and Cost Control
Module 3 - Costing: From Traditional to Activity-Based
Module 4 -Budgets and Variance Analysis
Module 5 - Capital Budgeting and Investment Appraisal
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