Professional Course

Strategic Planning, Effective Budgeting & Cost Control

Euromoney Learning, In London
5 days
5 days
This provider usually responds within 48 hours 👍

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


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
8 Bouverie Street
EC4Y 8AX London

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...

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