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Workshop on Effective Budgeting and Operational Cost Control

By: Human Capital Associates Global Consult Ltd

State, Nigeria

18 - 22 Nov, 2024  5 days

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NGN 250,000

Venue: Green-Minds Hotel, Plot 764, Cadastral Zone B05, E. Ekukinam Street, Utako District, 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.

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.

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.

Green-Minds Hotel, Plot 764, Cadastral Zone B05, E. Ekukinam Street, Utako District, Abuja Nov 18 - 22 Nov, 2024

Registration: 09:00:am - 04:30:am

NGN 250,000.00 + 12,500.00 (VAT)(Group discount available)
USD 500.00 + 25.00 (VAT)(Foreign participants)
(Convert Currency)

Asije Philip 08051365946, 07087578814, 08068933608, 08029170491, 08145745664, 09112830607

Group discount available
Najimu Adisa Badmus : B.Sc., Accounting, ACA., CITN. – A chartered Accountant with over 20 years of vast working experience that cut across manufacturing, auditing, consultancy and the construction sectors of the Nigerian economy. Mr. Badmus was the chief accountant Nigeria Wire Industries Ltd, International Paints of West Africa (IPWA), and Bi-courtney Highway Services Ltd. (BHSL). He is the managing consultant of NAB Consulting. He will join other professionals to share their experiences on this programme.OMOREGHA, SOLA. FIAM, ACA - Controller Stores, Megavons West Africa Ltd (WAEC subsidiary). A self-directed, competent Internal Auditor with skills in system application software’s, management of Internal Control System, Risk Assessment, Safeguard of Corporate Assets, Process and Proficient in Pre and Post Cost Control. Mr. Omoregha is an advocate of responsibility accounting and cost control management. Mr. Omoregha is proficient in budgeting, forecasting and trend analysis, Financial Modeling Expert (To prepare Income Statement, statement of financial Position, Cash Flow, and Proficient in investment analysis using discounting methods, (NPV, IRR.) USING EXCEL, Break Even Analysis to measure margin of safety, anticipated profit, Using Scenario Manager, goal seek for analysis, Business and Financial Risk Assessment, Inventory Control Management, Budget preparation and defense, variance analysis

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