Budget Preparation, Allocation and Cost Control

Course Info

Date: Dec-02-2024

Length: 1 Week

City: London

Fees: 4,350

Type: In Classroom

Available Dates

  • Dec-02-2024

    London

  • Dec-30-2024

    London

  • Jan-13-2025

    London

  • Feb-10-2025

    London

  • Mar-10-2025

    London

  • Apr-14-2025

    London

  • May-12-2025

    London

  • June-09-2025

    London

  • July-14-2025

    London

  • Aug-11-2025

    London

  • Sep-08-2025

    London

  • Oct-13-2025

    London

  • Nov-10-2025

    London

  • Dec-08-2025

    London

Dates in Other Venues

  • Dec-02-2024

    Amsterdam

  • Dec-09-2024

    Kuala Lumpur

  • Dec-09-2024

    Istanbul

  • Dec-16-2024

    Paris

  • Dec-16-2024

    Singapore

  • Dec-22-2024

    Barcelona

  • Dec-23-2024

    Amsterdam

  • Dec-23-2024

    Barcelona

  • Dec-30-2024

    Dubai

  • Jan-06-2025

    Singapore

  • Jan-06-2025

    Paris

  • Jan-13-2025

    Amsterdam

  • Jan-20-2025

    Barcelona

  • Jan-20-2025

    Dubai

  • Jan-27-2025

    Istanbul

  • Jan-27-2025

    Kuala Lumpur

  • Feb-03-2025

    Paris

  • Feb-03-2025

    Singapore

  • Feb-10-2025

    Amsterdam

  • Feb-17-2025

    Barcelona

  • Feb-17-2025

    Dubai

  • Feb-24-2025

    Kuala Lumpur

  • Feb-24-2025

    Istanbul

  • Mar-03-2025

    Paris

  • Mar-03-2025

    Singapore

  • Mar-10-2025

    Amsterdam

  • Mar-17-2025

    Barcelona

  • Mar-17-2025

    Dubai

  • Mar-24-2025

    Istanbul

  • Mar-24-2025

    Kuala Lumpur

  • Apr-07-2025

    Singapore

  • Apr-07-2025

    Paris

  • Apr-14-2025

    Amsterdam

  • Apr-21-2025

    Barcelona

  • Apr-21-2025

    Dubai

  • Apr-28-2025

    Istanbul

  • Apr-28-2025

    Kuala Lumpur

  • May-05-2025

    Paris

  • May-05-2025

    Singapore

  • May-12-2025

    Amsterdam

  • May-19-2025

    Dubai

  • May-19-2025

    Barcelona

  • May-26-2025

    Istanbul

  • May-26-2025

    Kuala Lumpur

  • June-02-2025

    Singapore

  • June-02-2025

    Paris

  • June-09-2025

    Amsterdam

  • June-16-2025

    Dubai

  • June-16-2025

    Barcelona

  • June-23-2025

    Istanbul

  • June-30-2025

    Singapore

  • June-30-2025

    Paris

  • June-30-2025

    Kuala Lumpur

  • July-07-2025

    Singapore

  • July-07-2025

    Paris

  • July-14-2025

    Amsterdam

  • July-21-2025

    Barcelona

  • July-21-2025

    Dubai

  • July-28-2025

    Kuala Lumpur

  • July-28-2025

    Istanbul

  • Aug-04-2025

    Paris

  • Aug-04-2025

    Singapore

  • Aug-11-2025

    Amsterdam

  • Aug-18-2025

    Dubai

  • Aug-18-2025

    Barcelona

  • Aug-25-2025

    Istanbul

  • Aug-25-2025

    Kuala Lumpur

  • Sep-01-2025

    Paris

  • Sep-01-2025

    Singapore

  • Sep-08-2025

    Amsterdam

  • Sep-15-2025

    Dubai

  • Sep-15-2025

    Barcelona

  • Sep-22-2025

    Istanbul

  • Sep-29-2025

    Kuala Lumpur

  • Sep-29-2025

    Singapore

  • Sep-29-2025

    Paris

  • Oct-06-2025

    Singapore

  • Oct-06-2025

    Paris

  • Oct-13-2025

    Amsterdam

  • Oct-20-2025

    Barcelona

  • Oct-20-2025

    Dubai

  • Oct-27-2025

    Kuala Lumpur

  • Oct-27-2025

    Istanbul

  • Nov-03-2025

    Singapore

  • Nov-03-2025

    Paris

  • Nov-10-2025

    Amsterdam

  • Nov-17-2025

    Barcelona

  • Nov-17-2025

    Dubai

  • Nov-24-2025

    Kuala Lumpur

  • Nov-24-2025

    Istanbul

  • Dec-01-2025

    Singapore

  • Dec-01-2025

    Paris

  • Dec-08-2025

    Amsterdam

  • Dec-15-2025

    Barcelona

  • Dec-15-2025

    Dubai

  • Dec-22-2025

    Istanbul

  • Dec-29-2025

    Kuala Lumpur

  • Dec-29-2025

    Singapore

  • Dec-29-2025

    Paris

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