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Effective Budgeting and Cost Control

By: Reenel Associates

Abuja FCT, Nigeria

12 - 23 Dec, 2016  12 days

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NGN 320,000

Planning and budgeting are must-have skills for all professionals regardless of their function or managerial level. This training course covers the concept of budgeting as a planning tool, a financial device and a control mechanism. In addition, it provides the necessary application of a long and short term planning decisions.

Course Objectives

By the end of the course, participants will be able to:

  • Identify the importance of linking an organization's budget with its strategic plan
  • Demonstrate how the budget relates to the key financial statements, balance sheet, income statement, and cash flow
  • Prepare the key elements of an operating and capital budget and evaluate the different budgeting approaches used
  • Apply cost control tools, analyze management variance reports and take proper corrective action
  • Calculate different capital budgeting evaluation techniques as included in a capital expenditure proposal
  • Utilize cost-volume-profit analysis in making budgeting decisions

Target Competencies

  • Financial statements
  • Planning and budgeting
  • Cost control
  • Capital budgeting
  • Cost-volume-profit analysis
  • Breakeven analysis

Target Audience

All managers, supervisors and analysts who prepare or use management budgets.

Abuja Dec 12 - 23 Dec, 2016
NGN 320,000.00
(Convert Currency)

08053338830

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