As the primary target of any business is to increase profit, proficient financial planning should be at the forefront of any company’s goals. Cost Control is therefore seen as a crucial practice for organizational success. These skills are necessary when setting up Financial systems, or when refining existing systems. Managers of all calibers should strive to increase their knowledge in this field.
This Course will provide you with:
- The ability to identify different categories of costs
- The ability to define the need for and role of cost control
- The tools needed to control costs effectively and set up budgeting measures
- The skills to create an awareness of budgeting and cost control across your organization
Who Should Attend
This course targets managers and junior staff working in Small to Medium sized-enterprises (SMEs). These include directors, departmental heads, accountants and employees in supervisory roles. Freelancers and business owners will also find this comprehensive Course most profitable.
- Financial Planning
- Costs and expenses
- Direct costs and indirect costs
- Fixed costs and variable costs
- Budgeting exercises
- Stakeholder management
- Identifying controllable and uncontrollable costs
- Reducing controllable costs
- Budget execution and management
- Setting up cost standards
- Analysis of cost variances
- Cost information and decisions
- Cost centers
- Three steps in controlling costs system: 1)Collecting costs, 2)Analyzing costs and 3)Controlling Cost
- Cost codes
- Key success factors
Fees for this training course includes:
Course Fee does not cover
What Participants Receive?
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.
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