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Effective Budgeting, Operational Cost Control and Management

By: Human Capital Associates Global Consult Ltd

State, Nigeria

21 - 25 Nov, 2022  5 days

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NGN 180,000

Venue: Lagos and Abuja

The effective management of budgets and operational cost is a key aspect in leading and managing organizations. Budgeting, as well as tracking, controlling and reducing cost represent essential activities to be performed and monitored as strategies get executed.

To ensure effective and prudent financial management in the organization, there is the need to prepare a realistic budget and ensure compliance with the approved budget plan. Furthermore, operational costs need to be monitored and controlled so that as to ensure financial discipline. This training program will help participants appreciate the concepts and methodology around cost management and budgeting.

For Whom:

This program is designed for senior managers who manage budgets, managers who are currently managing projects and/or contracts. Senior managers who control cost and budgeting for their departments or organizations will also find this course extremely beneficial.

 

Learning Objectives:

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

  • Apply the essential concepts of accounting, budgets and finance
  • Apply the use of unit cost measurements in performance-based budgeting
  • Maintain strategic cost control.
  • Appreciate the importance of reducing unnecessary costs
  • Determine and apply the costs estimated to produce those outputs and calculate a cost per unit of output.
  • Use best practices to create written budget justifications
  • Locate guidance on budgeting for capital assets, and integrate performance budgeting into your organization's budget formulation process
  • Identify appropriate outputs for an organizational unit or programme component.
Lagos and Abuja Nov 21 - 25 Nov, 2022

Registration: 07:30:am - 09:00:am

Class Session: 09:00:am - 05:00:am

NGN 180,000.00(Discount available for group nomination)
USD 450.00(Foreign Participants)
(Convert Currency)

Asije Philip 08029170491, 08068933608, 08145745664, 08051365946

Group Discount Available
Adekunle A. Ogunsola – B.Sc., MBA. ACA. FCIS. - Fellow of the Institute of Chartered Secretaries and Administrators of both London and Nigeria, an associate of Institute of Chartered Accountants of Nigeria (ICAN). He is also an associate of Nig. Institute of Management with multifaceted experiences spanning many Industries. He has worked in various capacities with a number of companies among which are: Statistician, Federal Office of Statistics, Manager, (Trade Financing) Integrated Trust and Investment Company Ltd, Assistant Registrar,(Consultancy and Corporate Affairs) with the Institute of Chartered Secretaries & Administrators of Nigerian, Senior Manager & Head. (Research and Development) University Press Plc., Senior Consultant and Head of Training with DACA Consults Ltd, Mr. Ogunsola is presently the Managing Consultant of Adex consult and Management Services. He has varying experiences in Research, finance and accounting, management, compliance and related areas. He will join others to share their experiences on this program. Adebowale Adeyemi FCA – An experienced Fellow of the Institute of Chartered Accountants Nigeria (ICAN) who has worked as an outstanding accountant and a result-oriented strategist. He is highly enthusiastic about efficient and effective delivery of quality Accounting, Financial, Auditing and Strategic Management services and possesses top professional skills in the areas of interpersonal, informational and decisional managerial roles. As a trainer, he deploys a strategy that appears tailor-made to each participant. He is detailed, painstaking is his delivery. Over the past two decades, he has developed a strategy that is both effective and efficient in delivering knowledge. He helps participants and trainees overcome their fears and navigate easily into new terrain. As a technophile, his love for technology and hands-on usage puts him at an advantage in his trainings on Microsoft office tools as well as other soft skills. He has also been a good trainer for accounting and business related topics to Accountants and non-accountants alike.
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