Strategic Planning, Management Control & Effective Budgeting

At the end of this workshop Participants will:

• Understand the principles and reasons for cost control
• Prepare effective budgets
• Analyze organizational expenditures
• Implement and review budgets effectively

Content

• Cost accounting in a business environment
• Fundamentals of budgeting
• Types of budgets
• Cost vs. Profit
• Fixed and variable overheads
• Total absorption costing
• Cost attribution
• Break even analysis
• Budget planning and execution
• Budgeting, monitoring and feedback systems
• Time and value as cost
• Asset management
• Expenditure controls

FOR WHOM: Accountants, Budgets Managers, Planners, Schedulers, Heads of Departments, Financial Managers, Auditors and others who perform related functions in Public and Private Sectors

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.

Date:

1ST BATCH:       2nd – 5th July, 2019         

2ND BATCH:      3rd – 6th December, 2019