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Strategic Planning & Effective Budgeting & Cost Control :21591

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Strategic Planning & Effective Budgeting & Cost Control

By:

Kenya

18 - 21 Aug, 2014  4 days

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Featuring:

  • 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
  • Cost control
  • Measuring and evaluating performance

Who should attend?

  • Those with management experience in industry or public practice
  • Those with management responsibility in finance, operations or planning
  • Those with experience in finance, operations or accounting
  • Owners, CFOs, controllers, financial officers and budget managers
  • Accountants and internal auditors in middle and upper management positions as well as public practitioners responsible for the any of the following areas: planning, budgeting, performance, productivity and profitability of their organizations

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

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 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
  • All participants receive a comprehensive binder containing copies of the presentation slides, hand-outs and other course materials
Nairobi Hotel, Nairobi, Kenya Aug 18 - 21 Aug, 2014

+44 (0)207 779 8543

The course director is a highly qualified educator and consultant with over 30 years of professional experience in accounting (IFRS & US GAAP), professional certification, governmental accounting, and Training of Trainers (TOT) programmes in the United States and abroad. She has trained SEC staff both in Nigeria and Philippines.