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Effective Management Budgeting and Cost Control Training
NGN 145,000
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Venue: Interactive Online Live / On-Site Live in Lagos
Other Dates
Venue | Date | Fee | |
---|---|---|---|
Interactive Online Live / On-Site Live in Lagos, Lagos State, Nigeria | 24 - 27 Jan, 2023 | NGN145000 |
Businesses use cost control methods to monitor, evaluate, and ultimately enhance the efficiency of specific areas, such as departments, divisions, or product lines, within their operations. Cost Control is reviewing both fixed and variable costs and attempts to reduce expenses.
Training Objective
By the end of this training, participants will be able to:
- Master the budgeting process
- Understand costs behavior
- Explore traditional & innovative approaches to Budgeting & Cost Control
- Analyze process costing
- Manage Balanced Scorecard
Day One
Introduction: Building a Common Financial Language
- The key role of budgeting and cost control in contemporary organizations
- The 21st century business imperative: delivering value added (but to whom?)
- Financial vs. Managerial accounting (for decision making)
- Understand your processes: integrating financial and non-financial aspects
- The budgeting processes
- Examples and Discussion
Day Two
- The Budgeting Process
- The key features of budgeting
- Advantages and concerns with budgeting
- Accountability and centers of responsibility
- Zero-based budgeting
- Budgeting and cost control
- Examples and Discussion
Day Three
Cost Analysis
- Different costs for different purposes
- Fixed vs. Variable costs
- The Cost-Volume-Profit analysis model
- Contribution Margin analysis
- Examples and Discussion
- Traditional vs. Advanced Techniques in Cost-Control
- Under-costing and over-costing: the consequences for profitability
- Indirect (OH) vs. Direct costs:
- Traditional Cost Allocations systems vs. Activity-Based Costing (ABC)
- Linking resources, activities, and management
- Variance analysis
Day Four
Beyond the Budgets: Balanced scorecards and Six-sigma
- Broadening performance measurement systems
- Beyond budgeting: integrating financial and non-financial issues
- Introducing the Balanced Scorecard
- Introducing the Strategy maps
- Introducing Six-sigma
- Video, Case Study and examples
Interactive Online Live / On-Site Live in Lagos | Oct 04 - 07 Oct, 2022 |
Interactive Online Live / On-Site Live in Lagos, Lagos State, Nigeria | 24 - 27 Jan, 2023 |
NGN 145,000.00 | |
Olusina Lajorin 09026713101, 08033241313
Tags: |
Budgeting Operational Cost Control Courses in Lagos Training in Lagos Seminars in Lagos Workshops in Lagos Nigeria Africa E-learning April 2022 July 2022 |
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