/  Effective Budgeting and Operational Cost Control Training

Effective Budgeting and Operational Cost Control Training

BMC Training provides a training course in Effective Budgeting and Operational Cost Control in Finance , Accounting and Budgeting

Course Title
Venue
Start Date
End Date
  • Kuala Lumpur
    26 - 3 - 2023
    30 - 3 - 2023
  • Kuala Lumpur
    2 - 4 - 2023
    6 - 4 - 2023
  • Istanbul
    9 - 4 - 2023
    13 - 4 - 2023
  • Dubai
    16 - 4 - 2023
    20 - 4 - 2023
  • Paris
    16 - 4 - 2023
    20 - 4 - 2023
  • London
    23 - 4 - 2023
    27 - 4 - 2023
  • Dubai
    7 - 5 - 2023
    11 - 5 - 2023
  • Paris
    7 - 5 - 2023
    11 - 5 - 2023
  • London
    7 - 5 - 2023
    11 - 5 - 2023
  • Kuala Lumpur
    7 - 5 - 2023
    11 - 5 - 2023
  • Dubai
    14 - 5 - 2023
    18 - 5 - 2023
  • Paris
    14 - 5 - 2023
    18 - 5 - 2023
  • Istanbul
    21 - 5 - 2023
    25 - 5 - 2023
  • Kuala Lumpur
    28 - 5 - 2023
    1 - 6 - 2023
  • Dubai
    4 - 6 - 2023
    8 - 6 - 2023
  • Paris
    4 - 6 - 2023
    8 - 6 - 2023
  • London
    11 - 6 - 2023
    15 - 6 - 2023
  • Kuala Lumpur
    18 - 6 - 2023
    22 - 6 - 2023
  • Istanbul
    25 - 6 - 2023
    29 - 6 - 2023
  • Dubai
    2 - 7 - 2023
    6 - 7 - 2023
  • Paris
    2 - 7 - 2023
    6 - 7 - 2023
  • Dubai
    9 - 7 - 2023
    13 - 7 - 2023
  • Paris
    9 - 7 - 2023
    13 - 7 - 2023
  • London
    9 - 7 - 2023
    13 - 7 - 2023
  • Kuala Lumpur
    9 - 7 - 2023
    13 - 7 - 2023
  • Dubai
    16 - 7 - 2023
    20 - 7 - 2023
  • Paris
    16 - 7 - 2023
    20 - 7 - 2023
  • London
    16 - 7 - 2023
    20 - 7 - 2023
  • Kuala Lumpur
    16 - 7 - 2023
    20 - 7 - 2023
  • Kuala Lumpur
    23 - 7 - 2023
    27 - 7 - 2023
  • London
    6 - 8 - 2023
    10 - 8 - 2023
  • Kuala Lumpur
    13 - 8 - 2023
    17 - 8 - 2023
  • Istanbul
    20 - 8 - 2023
    24 - 8 - 2023
  • Dubai
    27 - 8 - 2023
    31 - 8 - 2023
  • Paris
    27 - 8 - 2023
    31 - 8 - 2023
  • Dubai
    3 - 9 - 2023
    7 - 9 - 2023
  • Paris
    3 - 9 - 2023
    7 - 9 - 2023
  • London
    3 - 9 - 2023
    7 - 9 - 2023
  • Kuala Lumpur
    3 - 9 - 2023
    7 - 9 - 2023
  • Istanbul
    10 - 9 - 2023
    14 - 9 - 2023
  • Kuala Lumpur
    17 - 9 - 2023
    21 - 9 - 2023
  • Dubai
    24 - 9 - 2023
    28 - 9 - 2023
  • Paris
    24 - 9 - 2023
    28 - 9 - 2023
  • Istanbul
    1 - 10 - 2023
    5 - 10 - 2023
  • Dubai
    8 - 10 - 2023
    12 - 10 - 2023
  • Paris
    8 - 10 - 2023
    12 - 10 - 2023
  • London
    15 - 10 - 2023
    19 - 10 - 2023
  • Kuala Lumpur
    22 - 10 - 2023
    26 - 10 - 2023
  • Istanbul
    5 - 11 - 2023
    10 - 11 - 2023
  • Kuala Lumpur
    12 - 11 - 2023
    17 - 11 - 2023
  • Dubai
    19 - 11 - 2023
    24 - 11 - 2023
  • Paris
    19 - 11 - 2023
    24 - 11 - 2023
  • Dubai
    26 - 11 - 2023
    30 - 11 - 2023
  • Paris
    26 - 11 - 2023
    30 - 11 - 2023
  • London
    26 - 11 - 2023
    30 - 11 - 2023
  • Kuala Lumpur
    26 - 11 - 2023
    30 - 11 - 2023
  • Dubai
    3 - 12 - 2023
    7 - 12 - 2023
  • Paris
    3 - 12 - 2023
    7 - 12 - 2023
  • Istanbul
    10 - 12 - 2023
    14 - 12 - 2023
  • London
    17 - 12 - 2023
    21 - 12 - 2023
  • Kuala Lumpur
    24 - 12 - 2023
    28 - 12 - 2023

Intorduction

The effective management of budgets and operational cost is a key aspect in leading and managing organizations. Nowadays, if contemporary organizations want to stay competitive, they are urged to think, plan and act in terms of value added to customers and shareholders. Along this line, budgeting, as well as tracking, controlling & reducing cost represent essential activities to be performed and monitored as strategies get executed.

In addressing these issues, this course is relevant for those professionals and analysts facing the difficult challenge of improving performance while reducing costs of those processes for which there are accountable.

This course will feature:

  • The management system in practice;
  • Budgeting practices;
  • Traditional and innovative tools for budgeting and cost control;
  • Multiple cost analysis for different purposes;
  • KPIs and the Balanced Scorecard.

Objectives

  • Master the budgeting process
  • Understand costs behavior
  • Explore traditional & innovative approaches to Budgeting & Cost Control
  • Analyze process costing
  • Manage balanced scorecard

Day One

Introduction: Building a Common Financial Language

  • The key role of budgeting and cost control in contemporary organizations
  • The 21st century business imperative: delivering value added (but to whom?)
  • Financial vs. Managerial accounting (for decision making)
  • Understand your processes: integrating financial and non-financial aspects
  • The budgeting process
  • Examples & Discussion

Day Two

The Budgeting Process

  • The key features of budgeting
  • Advantages and concerns with budgeting
  • Accountability and centers of responsibility
  • Zero-based budgeting
  • Budgeting and cost control
  • Examples & Discussion

Day Three

Cost Analysis

  • Different costs for different purposes
  • Fixed vs. Variable costs
  • The Cost-Volume-Profit analysis model
  • Contribution Margin analysis
  • Examples & Discussion

Day Four

Traditional vs. Advanced Techniques in Cost-Control

  • Under-costing and over-costing: the consequences for profitability
  • Indirect (OH) vs. Direct costs:
  • Traditional Cost Allocations systems vs. Activity-Based Costing (ABC)
  • Linking resources, activities and management
  • Variance analysis
  • Video, Case Study and Examples

Day Five

Beyond the Budgets: Balanced scorecards and Six-sigma

  • Broadening performance measurement systems
  • Beyond budgeting: integrating financial and non-financial issues
  • Introducing the Balanced Scorecard
  • Introducing the Strategy maps
  • Introducing Six-sigma
  • Video, Case Study and examples

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