Course description
Budgeting & Costing Workshop
This practical course will explain the planning and budgeting for professionals regardless of their function or managerial level. This course covers the concept of budgeting as a planning tool, a financial device and a control mechanism. In addition, it provides the necessary application tools required to makinglong-term and short-term planning decisions.
Upcoming start dates
Suitability - Who should attend?
Who Should Attend
All levels of Management, Executives and Team Leaders, who manage work teams or employees and who are responsible for creating conducing work environment infused with positive culture to engage employees.
Outcome / Qualification etc.
- Acquire best practices in budgeting
- Explain the costs concepts to the use of cost information for management control
- Describe the role of budgets in the management process
- Prepare a master budget and explain the inter-relationships among its supporting schedule
- Develop flexible budgets for evaluating short-term financial performance
- Identify different cost control measures
- Measure and evaluate performance
Training Course Content
- Project management methods
- Budgeting Overview
- The budgeting process
- How and whom to engage
- Budgetary statements
- Budgeting Methods
- Top-down & bottom-up budgeting
- Zero-based versus activity based budgeting
- Types of Budgets
- Departmental budgets
- Cash budgets
- Capital and operating budgets
- Master budgets
- Types of Costs
- Fixed & variable costs
- Controllable & uncontrollable costs
- Budgeting and Forecasting
- Creating forecast for revenue and expenditure
- Rolling forecast as a catalyst for change
Why choose Convertas Management Consultants
Founded in 2006
12 Specialized trainers
100% of happy clients
Expenses
$3195
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Convertas Management Consultants
CONVERTAS offers a series of specialized training services across all areas of business, helping employees develop and increase their skills. Our highly qualified trainers through our specifically designed courses and workshops, as well as our innovative training methodology, will provide...