BUDGETING AND COST CONTROL BEST PRACTICES
Course overview:
All business decision making involves analysing situations and assessing alternatives, risks and benefits. This programme offers an opportunity to acquire and then deploy new skills and ideas to achieve improved financial operations and strategies. The knowledge acquired will enhance the budget process and control processes- candidates will learn about new methods of budget preparation such as Zero-budgeting, etc.
Course details:
This interactive four-day programme will enable delegates in the private and public sector to understand and apply a range of techniques underpinning budgetary planning and cost control. These techniques will support the effective management of organisations by preparing realistic budgets aligned to organisational goals and managing performance against budget
By the end of this APS training course, delegates will be able to:
- Understand the importance of a well-defined budget process and create budgets relevant to their organisations
- Acquire costing and budgeting terminology and techniques.
- Master methods for risk, payback and cost-benefit analysis
- Learn how to integrate profit, cash and statement of financial position plans and budgets.
•Understand the use of Present Value, Internal Rate of Return (IRR) and Discounted Cash Flow (DCF) to support investment and financial decision making.
Managers, accountants and others with responsibility for budgeting.
Four days |