Budget Preparation, Allocation and Cost Control

Course Info

Length: 1 Week

City: Kuala Lumpur

Type: In Classroom

Available Dates

  • July-08-2024

    Kuala Lumpur

  • Aug-12-2024

    Kuala Lumpur

  • Sep-09-2024

    Kuala Lumpur

  • Oct-14-2024

    Kuala Lumpur

  • Nov-11-2024

    Kuala Lumpur

  • Dec-09-2024

    Kuala Lumpur

Dates in Other Venues

  • June-17-2024

    Paris

  • June-17-2024

    Singapore

  • June-23-2024

    Dubai

  • June-23-2024

    Barcelona

  • June-24-2024

    Barcelona

  • June-24-2024

    Dubai

  • July-01-2024

    London

  • July-01-2024

    Amsterdam

  • July-08-2024

    Istanbul

  • July-15-2024

    Singapore

  • July-15-2024

    Paris

  • July-21-2024

    Barcelona

  • July-22-2024

    Barcelona

  • July-22-2024

    Amsterdam

  • July-28-2024

    Dubai

  • July-29-2024

    Dubai

  • July-29-2024

    London

  • Aug-05-2024

    London

  • Aug-05-2024

    Amsterdam

  • Aug-12-2024

    Istanbul

  • Aug-19-2024

    Singapore

  • Aug-19-2024

    Paris

  • Aug-25-2024

    Dubai

  • Aug-25-2024

    Barcelona

  • Aug-26-2024

    Dubai

  • Aug-26-2024

    Barcelona

  • Sep-02-2024

    Amsterdam

  • Sep-02-2024

    London

  • Sep-09-2024

    Istanbul

  • Sep-16-2024

    Singapore

  • Sep-16-2024

    Paris

  • Sep-22-2024

    Barcelona

  • Sep-23-2024

    Barcelona

  • Sep-23-2024

    Amsterdam

  • Sep-29-2024

    Dubai

  • Sep-30-2024

    London

  • Sep-30-2024

    Dubai

  • Oct-07-2024

    London

  • Oct-07-2024

    Amsterdam

  • Oct-14-2024

    Istanbul

  • Oct-21-2024

    Paris

  • Oct-21-2024

    Singapore

  • Oct-27-2024

    Dubai

  • Oct-27-2024

    Barcelona

  • Oct-28-2024

    Barcelona

  • Oct-28-2024

    Dubai

  • Nov-04-2024

    Amsterdam

  • Nov-04-2024

    London

  • Nov-11-2024

    Istanbul

  • Nov-18-2024

    Singapore

  • Nov-18-2024

    Paris

  • Nov-24-2024

    Barcelona

  • Nov-24-2024

    Dubai

  • Nov-25-2024

    Barcelona

  • Nov-25-2024

    Dubai

  • Dec-02-2024

    Amsterdam

  • Dec-02-2024

    London

  • Dec-09-2024

    Istanbul

  • Dec-16-2024

    Singapore

  • Dec-16-2024

    Paris

  • Dec-22-2024

    Barcelona

  • Dec-23-2024

    Amsterdam

  • Dec-23-2024

    Barcelona

  • Dec-29-2024

    Dubai

  • Dec-30-2024

    Dubai

  • Dec-30-2024

    London

Course Details

Course Outline

5 days course

 
Budgeting & Cost Control in the Management System: Link with Strategic Planning
 
  • Budgeting and the Management System of Contemporary Organizations
  • Strategic Planning, Budgeting and Management Control
  • Strategic Management Accounting – Setting Goal and Objectives
  • From Strategic to Operating Plans – Actions and Initiatives
  • Measuring and Managing the Performance – KPIs and targets
  • Managerial Accountability  
Budgeting: Principles and Key Concepts
 
  • Understanding the Context for Budgeting
  • The Benefit of Budgeting and its Role for Achieving Organizational Targets
  • The Shortcomings of the Budgeting Process - How to improve them?
  • Principles of Budgeting
  • Main Issues with Budget Preparation
  • Capex (Capital Expenditures) vs. Opex (Operational Expenditures)
Cost Analysis for Budgetary Purposes
 
  • Cost Concepts and Terminology
  • Different Costs for Different Purposes
  • Fixed vs. Variable Costs: The Cost-Volume-Profit Analysis Model
  • Contribution Margin Analysis
  • Manufacturing vs. Non-manufacturing Costs
  • Period vs. Product Costs
 
Traditional vs. Advanced Techniques in Cost-Control
 
  • Under-costing and Over-costing: Understand Allocation Methods
  • How to refine a Costing System?
  • Indirect (OH) vs. Direct Costs
  • Traditional Cost Allocations Systems vs. Activity-Based Costing (ABC)
  • Cost Hierarchy & Cost Drivers - Linking Resources, Activities and Management
  • Introducing Activity-Based Budgeting (ABB) and Management (ABM)
New Integrated Performance Measurement Systems
 
  • Beyond Budgeting: Integrating Financial and Pre-financial Information
  • The Drivers of Value Creation
  • The Balanced Scorecard
  • Strategy Maps
  • Integrated Reporting

Course Video