Effective Budgeting and Cost Control

MAC015

Course Description

Recently, 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. Planning and budgeting are must-have skills for all professionals regardless of their function or managerial level. This course covers the concept of budgeting as a planning tool, a financial device and a control mechanism. In addition, it provides the necessary application tools required to making long-term and short-term planning decisions.

Course Goal

To enhance the participants’ knowledge, skills, and attitudes necessary for budgeting, tracking, controlling and reducing cost.

Course Objectives

By the end of this course, participant will be able to:

  • Understand the functions of management.
  • Read the Key financial statements.
  • Understand budgeting process and approaches.
  • Understand the cost control process.
  • Differentiate between cost control and cost reduction.
  • Perform variance analysis take the corrective action.
  • Understand capital expenditure budgeting and analysis processes.
  • Use CVP in budgeting decisions.

Who Can Benefit

All who prepare and use management budgets, including:

  • Managers
  • Supervisors 
  • Analysts
Location
Dubai
Start Date End Date
04-Aug-2024 08-Aug-2024

Location
Cairo
Start Date End Date
03-Nov-2024 07-Nov-2024

Location
Dubai.
Start Date End Date
04-Feb-2024 08-Feb-2024

Location
Cairo.
Start Date End Date
05-May-2024 09-May-2024