Budgeting and Cost Control


Ref.
Sart
End
Fees
Venue
Length
FBA122
16-Dec-2018
20-Dec-2018
7500$
Istanbul (Turkey)
One Week

Intorduction

All business decision-making involves analysing situations containing varying degrees of risk. This programme uncovers the essential skills required to understand the processes of budgeting and cost control for better decision-making. From understanding the importance of a well defined budget process through to the importance of how costs behave so that realistic cost cutting and budgeting plans can be produced.  In this programme you will learn how to:

  • Identify the principal factors required to produce a successful business case
  • Develop budgeting and financial skills required for better decision-making
  • Identify sources of financial and business data to support the budgeting process
  • Learn new techniques and methodologies to simulate typical business scenarios

Objectives

  • Understand the importance of a well-defined budget process
  • 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
  • Understand discounted cash flow (DCF) techniques and their application to financial decision making
  • Build and use budgets relevant to your organisation

Day One

The need for Financial Control in business

  • Understanding accounting
  • Management accounting versus financial accounting
  • The relationship between business management and financial management
  • How budgeting fits into the bigger picture
  • How cost management  improves an organisation’s financial position
  • Key aspects of managing working capital

Day Two

Capital Budgeting and Investment Appraisal

  • The time value of money
  • Understanding Appraisal Techniques – Net Present Value (NPV), Internal Rate of Return (IRR) and Payback period
  • Selecting an appraisal technique
  • The use of Sensitivity analysis in evaluating projects
  • Strategic  considerations in assessing capital projects
  • Creating an effective Capital Budgeting framework

Day Three

Cost Analysis and Management

  • Understanding cost structure and behaviour
  • Costs as a relationship to outputs – cost/volume/price relationship
  • The concept of contribution margin
  • Break-even analysis for planning and control
  • Cost allocation and apportionment
  • Benefit-cost analysis

Day Four

Full Costing, Marginal Costing and Activity Based Costing

  • Comparing full and marginal costing
  • Direct and indirect costs in budgeting for decision making
  • Role of costs in pricing strategies
  • Activity Based Costing (ABC)
  • Managing cost control

Day Five

Budget Construction and Control

  • Nature and purpose of budgets for planning and control
  • Types of budgets and budgeting
  • Creating Key Performance Indicators for financial and non financial performance
  • Building a budget
  • Budgetary control and variance analysis
  • Budgeting for non-financial measures -introducing the Balanced Scorecard

Get more details about this training !

Register Request

Choose the course date which you would like to attend your course on ...


Ref.
Sart
End
Fees
Venue
Length
FBA122
24-Feb-2019
28-Feb-2019
5700$
Istanbul (Turkey)
One Week
FBA122
22-Apr-2018
26-Apr-2018
5700$
Istanbul (Turkey)
One Week
FBA122
10-Jun-2018
14-Jun-2018
5700$
Istanbul (Turkey)
One Week
FBA122
5-Aug-2018
9-Aug-2018
5700$
Istanbul (Turkey)
One Week
FBA122
21-Oct-2018
25-Oct-2018
5700$
Istanbul (Turkey)
One Week
FBA122
3-Feb-2019
7-Feb-2019
4700$
Dubai (UAE)
One Week
FBA122
29-Apr-2018
3-May-2018
4700$
Dubai (UAE)
One Week
FBA122
17-Jun-2018
21-Jun-2018
4700$
Dubai (UAE)
One Week
FBA122
26-Aug-2018
30-Aug-2018
4700$
Dubai (UAE)
One Week
FBA122
7-Oct-2018
11-Oct-2018
4700$
Dubai (UAE)
One Week
FBA122
23-Dec-2018
27-Dec-2018
4700$
Dubai (UAE)
One Week
FBA122
13-Jan-2019
17-Jan-2019
4700$
Kuala Lumpur (Malaysia)
One Week
FBA122
11-Mar-2018
15-Mar-2018
4700$
Kuala Lumpur (Malaysia)
One Week
FBA122
27-May-2018
31-May-2018
4700$
Kuala Lumpur (Malaysia)
One Week
FBA122
15-Jul-2018
19-Jul-2018
4700$
Kuala Lumpur (Malaysia)
One Week
FBA122
2-Sep-2018
6-Sep-2018
4700$
Kuala Lumpur (Malaysia)
One Week
FBA122
4-Nov-2018
8-Nov-2018
4700$
Kuala Lumpur (Malaysia)
One Week
FBA122
6-Jan-2019
10-Jan-2019
7500$
London (UK)
One Week
FBA122
25-Mar-2018
29-Mar-2018
7500$
London (UK)
One Week
FBA122
6-May-2018
10-May-2018
7500$
London (UK)
One Week
FBA122
8-Jul-2018
12-Jul-2018
7500$
London (UK)
One Week
FBA122
2-Sep-2018
6-Sep-2018
7500$
London (UK)
One Week
FBA122
25-Nov-2018
29-Nov-2018
7500$
London (UK)
One Week
FBA122
24-Feb-2019
28-Feb-2019
6950$
Paris (France)
One Week
FBA122
22-Apr-2018
26-Apr-2018
6950$
Paris (France)
One Week
FBA122
10-Jun-2018
14-Jun-2018
6950$
Paris (France)
One Week
FBA122
5-Aug-2018
9-Aug-2018
6950$
Paris (France)
One Week
FBA122
21-Oct-2018
25-Oct-2018
6950$
Paris (France)
One Week
FBA122
16-Dec-2018
20-Dec-2018
6950$
Paris (France)
One Week
How Can I Register for a Training Course?

There are three easy ways to make a registeration:

  • Register Online: Choose the course you would like to register for, Click the “REGISTER” link in the course outlines and then complete the form.
  • E-mail: Send the course details (Course Title , Course Date and Course Venue) and your company details (Company Name , Company Phone , Company Address and Company email) to Training@Oxygentraining.org
  • Telephone: Please call +44 20 8720 7333.
When should I expect to receive the confirmation file?

When we receive your registration request, we will send you the following by e-mail:

  • Confirmation File
  • Invoice File
How and When do I arrange payment?

Payment must be received before the training starts. You can make payment by wire transfer or cash.

Note: If the payment is not received before the training , Oxygen has the right to cancel your registration at any time.

What is included in the fees?

The fees for all training courses cover all materials, lunch , refreshments and airport transportation.

How can I cancel my registation?

Request for training course cancellation must be made received by Oxygen three weeks prior to the training course start date. A USD 300.00 processing fee will be charge per delegate for each cancellation. Thereafter, we regret that we are unable to refund any fees due.


budgeting cost control