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The issue of controlling costs becomes important:

  • When setting up the financial and accounting
  • When the financial and accounting systems have been set up and management wants to develop a cost control
  • When management does not yet have a system to manage and control costs.
  • When the system has been set up but is not as effective as


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

  • Identify different types of costs
  • Define the role of controlling costs
  • Analyze cost variance
  • Use tools for controlling costs
  • Create cost consciousness within an enterprise

Who should attend?

Managerial staff from all levels of expertise and fields will benefit from completing this training. This includes anyone who manages teams of employees or anyone who is bound to create a positive, engaging work culture in their business.


Day One

  • Project management methods
  • Budgeting Overview
  • The budgeting process
  • How and whom to engage
  • Budgetary statements
  • Budgeting Methods
  • Top-down & bottom-up budgeting

Day Two

  • Zero-based versus activity based budgeting
  • Types of Budgets
  • Departmental budgets
  • Cash budgets
  • Capital and operating budgets
  • Master budgets

Day Three

  • Types of Costs
  • Fixed & variable costs
  • Controllable & uncontrollable costs
  • Budgeting and Forecasting
  • Creating forecast for revenue and expenditure
  • Rolling forecast as a catalyst for change

Day Four

  • Variance reporting template
  • Reporting template
  • Financial and non-financial key performance indicators (KPIs)
  • Annual Budget and Forecasting Cycle
  • Budget and forecasting timetable

Day Five

  • The different types of reports and their use
  • Risk Management
  • Risk management in corporate governance
  • Finance’ role in supporting risk management
  • Cost Control and how to reduce costs
  • Cost management and motivation
  • Embedding cost control in the business
  • Post Test

Fee Information

Course Fees vary based on location, topic and dates of the course. Please contact us to get details. Standard course fee includes:

  • tuition costs
  • certificate
  • study materials
  • meals (Lunch and refreshments)
  • a social program (only if more than five participants attend)

  • Course Fee does not cover
  • Visa
  • travel costs
  • any insurance
  • accommodation
  • personal expenses and other meals

  • Discounts may apply for groups, In-house training or destinations other than specified in the program. Please contact us with your requirements and we will provide you with a quotation.

    Important Notes

    General Notes:

  • As an open course, this program is offered in specific destinations. However, for groups and as an in-house training, it can be offered in many parts of the world. Please contact us for more details
  • This program can be integrated with any other program in the same category and the client will get a considerable discount.
  • Accordemy courses can be offered in other languages than English too. Please contact us for your needs.

  • What Participants Receive?
  • Certificate of course completion issued by Accord Worldwide, Inc. The USA.
  • Lifetime free access to online version of the course material.
  • Lifetime free membership in related online discussion groups.
  • Discounted fee for future courses.

  • Travel Management

    If you require support in managing your trip to the course destination, we can provide you with information or arrangement. Travel management will be done by third party service providers and any discount will not apply on travel expenses.

    1 review for Advanced Budgeting Workshop

    1. Maria Smith

      A recommended training program. It was helpful and everything met my expectation.

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