The effective management of budgeting and cost control is crucial for contemporary organizations. Nowadays, if companies want to stay competitive, they are urged to think in terms of process-value added to customers/shareholders. It is essential value is increased for the stakeholder while the organisation controls their business processes and budget. This has led to an amplified focus on budget management, operational cost control and tracking critical business processes.
This program has been developed for professionals who are responsible for improving the performance of a team or department while simultaneously reducing costs where necessary.
Through the use of a combination of technical analysis, problem solving and case studies this course will provide the delegate with the latest innovations in essential budgetary and cost awareness analysis that would stand up to the most rigorous of external scrutiny.
By the end of this Budgeting and Cost Control Online Course, you will able to:
Understand the peaks and troughs of income and expenditure
Learn costing and budgeting terminology used in business
Master techniques for cost-benefit analysis
Learn how to construct profit, cash and balance sheet plans and budgets
Learn how to evaluate variances from plan and identify corrective actions
Cover the different types of cost
Evaluate the differences between traditional and innovative budget analysis
Understand Activity Based Budgeting
Capital Budgeting Techniques and Cash Flow
Understand the key financial indicators and how to monitor accordingly
The role of project management within cost control
Evaluate the connection between budget processes and business improvement
This Budgeting and Cost Control Online Course ideal for:
Those in charge for designing and managing a budgetary system
The staff person who will be responsible for entering data into the budget system or training others how to enter information
Those who want to gain control of the firm's financial standing and obtain a firm grasp on the numbers side of their job
Financial professionals, R&D professionals, sales/marketing professionals, general accounting professionals, business unit professionals
Anyone who wants to understand the basics of budgeting, costing and performance measurement