Budget Management and Controlling Costs

Overview

Budgeting and Controlling Cost are crucial elements for the management of contemporary organizations. Nowadays, if companies want to stay competitive, they are urged to link their strategies with accurate systems of resource allocation and performance measurement. Along this line, budgeting, as well as tracking, controlling & reducing cost represent essential activities to be performed and monitored by organizations as they implement their key processes, activities and operations.

Objective

At the end of this training program, all participants will be able to:

  • Describe what a budget is
  • Explain the benefits of budgeting
  • Define the importance in budgeting process
  • Decide when and how to begin a budget
  • Identify the budget preparation methods
  • Prepare a master budget plan for your entire business
  • Control and follow up on the execution of budgets effectively

Content

Module 1: Introduction to Basic Budgeting

  • What is a Budget?
  • Benefits of Budgeting
  • When to Begin?
  • How to Begin?

Module 2: Working with Business Organization Budgets

  • Budgets and Their Advantages
  • Steps in Preparing Budgets
  • Process to Prepare the Master Budget
  • Uses of Budgets

Who should Attend?

This training course is specially designed for:

  • Operation Managers
  • Program Managers
  • Business Owners
  • Anyone who is working in areas of accounting and finance

Trainer's Profile

Specialties: Effective Budgeting Skills, Accounting Principles and Financial Management, Basic Bookkeeping and Business Management Skills, Procurement Management Skills, Accounting Management System, Problem Solving Skills, School Development Planning, Effective School Leadership.

Fee Charged

  • USD 200 (Registration makes before 18 July 2022)
  • USD 250 (Normal Fee)

The course fees are inclusive of course materials, handouts, meals, refreshments, and certificates of completion but do exclude 10% of VAT amount.