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Rated 5.00 out of 5 based on 1 customer rating
(1 customer review)

Background

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.


Benefits

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.


Curriculum

Day One

  • Financial Planning
  • Costs and expenses
  • Direct costs and indirect costs
  • Fixed costs and variable costs

Day Two

  • Budgeting exercises
  • Stakeholder management
  • Identifying controllable and uncontrollable costs
  • Reducing controllable costs

Day Three

  • Budget execution and management
  • Setting up cost standards
  • Analysis of cost variances
  • Cost information and decisions

Day Four

  • Cost centers
  • Three steps in controlling costs system: 1)Collecting costs, 2)Analyzing costs and 3)Controlling Cost
  • Cost codes
  • Key success factors

Fee Information

Fees for this training course 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 quote.

    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 Budget Planning, Management and Reporting

    1. Rated 5 out of 5

      Bob Robinson

      Useful material and interesting discussions! The training was highly engaging.

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