Course description
Strategic Planning, Effective Budgeting & Cost Control
Today, the human mind is often absorbed in so much data, that it has difficulty processing the multitude of facts and relationships simultaneously and sometimes forgets important elements. Thus, as plans become more and more intricate, they should be documented in writing and include qualitative narratives of goals, objectives, and means of accomplishing the objectives.
This budgeting and cost control course will allow the participant to explore and share with other participants new thoughts in the planning, control, and budgeting cycle, resulting in a renewed energy in returning to the workplace and implementing a more focused budgeting process, which communicates useful and timely information to management.
Training content
Day 1
- Strategic Planning
- The role of finance
- Management of a Finance Function
- Budgeting Overview
- Rolling Forecasts Overview
Day 2
- Budgeting and Forecasting Workshop
- Budgeting
- Budgeting Methods
- Types of Budgets
- Types of Costs
- Financial Plan
- Post-Budget Analysis
- Forecasting
- Budget and Forecasting Templates
- Benchmarking and Reporting
- Annual Budget and Forecasting Cycle
Day 3
- Risk Management
Day 4
- Controlling Costs: Economy, Efficiency and Effectiveness
Day 5
- Achieving operational excellence: Lean principles, Six Sigma and Technology Innovation
Costs
Course fee: £5295+VAT
Certification / Credits
What this course will enable you to do:
- Acquire best practices in budgeting
- Understand the strategic role of cost concepts
- Explain the costs concepts to the use of cost information for management control
- Describe the role of budgets in the management process
- Discuss the importance of strategy and its role in the master budget
- Prepare a master budget and explain the interrelationships among its supporting schedule
- Understand zero-base, activitybased, and kaizen approaches to budgeting
- Explain the essence of control systems
- Develop flexible budgets for evaluating short-term financial performance
- Identify different cost control measures
- Measure and evaluate performance
- Leverage emerging technologies for delivering operational excellence
Why choose Euromoney Learning?
4.6/5 rating on course check for service
60,000 professionals trained across public courses
80+ countries where training is delivered
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Euromoney Learning
At Euromoney Learning, we understand that learning doesn’t start and end when you leave the classroom. We know that the financial markets never stand still, and that technology has both simplified and added complexity at a break-neck pace. That’s why...