Nigerian Seminars and Trainings

Search all upcoming seminars, conferences, short management courses and training in Nigeria and around the World

business logo

Strategic Planning, Effective Budgeting and Cost Control

By: Francis Consulting

Abuja FCT, Nigeria

27 - 30 May, 2024  4 days

Follow Event

  

NGN 300,000

Venue: Lap New World Hotel Jabi Abuja

Today, the human mind is often absorbed in so much data, that it has difficulty processing the multitude of facts and relationships simultaneously and sometimes forgets important elements. Thus, as plans become more and more intricate, they should be documented in writing and include qualitative narratives of goals, objectives, and means of accomplishing the objectives.

This budgeting and cost control course will allow the participant to explore and share with other participants new thoughts in the planning, control, and budgeting cycle, resulting in a renewed energy in returning to the workplace and implementing a more focused budgeting process, which communicates useful and timely information to management.

The course will provide a framework for each topic covered, and then will make extensive use of exercises and case studies.

  • Live group instruction
  • Detailed practical examples
  • Use of case studies and real world examples
  • Interactive participation

Course Contents:

  • Introduction to planning and control
  • Budgeting overview
  • Behavioural aspects of budgeting
  • Understanding cost behaviour
  • Flexible budgets and standard cost systems
  • Developing an annual/master budget
  • Conceptual aspects of budgeting
  • Resource allocation
  • Activity-based management and activity-based costing
  • Controlling Costs: Economy, Efficiency and Effectiveness
  • Delivering operational excellence

What this course will enable you to do:

  • Acquire best practices in budgeting
  • Understand the strategic role of cost concepts
  • Explain the costs concepts to the use of cost information for management control
  • Describe the role of budgets in the management process
  • Discuss the importance of strategy and its role in the master budget
  • Prepare a master budget and explain the interrelationships among its supporting schedule
  • Understand zero-base, activity based, and kaizen approaches to budgeting
  • Explain the essence of control systems
  • Develop flexible budgets for evaluating short-term financial performance
  • Identify different cost control measures
  • Measure and evaluate performance
  • Leverage emerging technologies for delivering operational excellence
Lap New World Hotel Jabi Abuja May 27 - 30 May, 2024
NGN 300,000.00
(Convert Currency)

Dr. Francis okereke +2348035062583

Related Courses

Culture and Change Management Leadership Strategies Course Culture and Change Management Leadership Strategies Course

4 days, 19 - 22 Aug, 2024 

2024-08-19 12:08:00 2024-08-19 12:08:00
State, Nigeria

Francis Consulting

The two biggest challenges business leaders face firstly the ability to lead meaningful change with significant hard-figure impact and secondly create a successful business culture. New cultures ...

International Public Sector Accounting Standards (IPSAS) Course International Public Sector Accounting Standards (IPSAS) Course

5 days, 03 - 07 Jun, 2024 

2024-06-03 12:06:00 2024-06-03 12:06:00
Abuja FCT, Nigeria

Francis Consulting

IPSAS have been developed to enhance the quality, consistency, and transparency of public sector financial reporting worldwide. Issued by the International Public Sector Accounting Standards Board ...

Banking Operations Course Banking Operations Course

4 days, 10 - 13 Jun, 2024 

2024-06-10 12:06:00 2024-06-10 12:06:00
Abuja FCT, Nigeria

Francis Consulting

This course is designed to educate bank workers and accountant, finance managers and other managers with little or no knowledge of handling banking activities as well expose modern trends in banking ...

Financial Literacy for Business Managers and Entrepreneurs Course Financial Literacy for Business Managers and Entrepreneurs Course

4 days, 04 - 07 Nov, 2024 

2024-11-04 12:11:00 2024-11-04 12:11:00
Abuja FCT, Nigeria

Francis Consulting

In Nigeria, the rates at which enterprises are set up are very slow. Statistics show that only 25% of Micro, Small and Medium Enterprise (MSMEs), live to celebrate their fifth-year anniversary. In ...