Accounting & Finance
Effective Budgeting And Cost Control
Why Attend

Planning and budgeting are must-have skills for all professionals regardless of their function or managerial level. This 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

This course focuses on exercises, case studies, and individual and group presentations.

 

Course Objectives

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

·         Defend 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, analyse 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 Audience

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

·         Interpreting Financial statements

·         Planning and budgeting

·         Cost control

·         Capital budgeting

·         Applying cost-volume-profit analysis

Location & Date

24 - 26 Jul, 2024
lagos

14 - 16 Oct, 2024
lagos

Fee

₦161,000

Course Outline

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