Budgeting and Cost Control
March 24, 25
Budgeting and Cost Control
2 Days Training Workshop
March 24, 25
Program Overview & Objectives:
Budgeting and cost control 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.
Training Outline
- Planning process
- Budgeting concepts
- Effects of External Factors on the Budgeting Process
- Characteristics of a Successful Budgeting Process
- The Use of Cost Standards
- Forecasting Techniques
- Annual Profit Plan
- Supporting Schedules
- Top-level planning and analysis
- Cost Terminology, Measurements and Concepts
- Relevant Range
- Cost and variance measures
- Performance measures
To get detailed outlines, Please send an email to info@lighthouse-tc.com
Date: 24, 25 March 2020
Duration: 2 Days workshop