Home » Courses » Finance & Accounting » Effective Budgeting & Operational Cost Control

Upcoming Sessions

Duration
5 Days
Date Venue Fees(USD) Book your seat
17 - 21 Sep 2018 Kuala Lumpur - Malaysia $4,950 Book Now
12 - 16 Nov 2018 Brussels - Belgium $4,950 Book Now
10 - 14 Dec 2018 Kuala Lumpur - Malaysia $4,950 Book Now
25 - 29 Mar 2019 London - UK $5,950 Book Now
08 - 12 Jul 2019 Istanbul - Turkey $5,950 Book Now
16 - 20 Sep 2019 Kuala Lumpur - Malaysia $5,950 Book Now
09 - 13 Dec 2019 Kuala Lumpur - Malaysia $5,950 Book Now

Why Choose this Training Course?

The effective management of budgets and operational cost is a key aspect in leading and managing organizations. Nowadays, 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.

In addressing these issues, this Finance and Accounting training course is relevant for those professionals and analysts facing the difficult challenge of improving performance while reducing costs of those processes for which there are accountable.

This AZTech training course will feature:

  • The management system in practice
  • Budgeting practices
  • Traditional and innovative tools for budgeting and cost control
  • Multiple cost analysis for different purposes
  • KPIs and the Balanced Scorecard

 

What are the Goals?

By the end of this AZTech training course, participants will be able to:

  • Master the budgeting process
  • Understand costs behavior
  • Explore traditional & innovative approaches to Budgeting & Cost Control
  • Analyze process costing
  • Manage balanced scorecard

 

Who is this Training Course for?

This AZTech training course is suitable to a wide range of professionals but will greatly benefit those with direct or indirect budget responsibilities within a Team, Department or Division. Moreover, the training course is suitable to first appointment professionals on fast-track development programs, and to professionals from every business discipline and department who have to run budgetary plans, and who are responsible for cost and strategic analysis, including:

  • Financial Planning & Control Staff
  • Those with direct or indirect financial responsibilities
  • Those from every business discipline and department who have to run departments and budgetary plans, and who are responsible for cost and strategic analysis
  • Those from all sectors of industry, irrespective of functional responsibilities, but particularly those involved in manufacturing, production, engineering or sales
  • Those working in a project management environment

 

How will this Training Course be Presented?

This AZTech training course combines theory and practice. Therefore, besides in-class lectures, discussions and exercises, we use company examples to illustrate how the techniques presented have been applied in real case studies. The purpose is to use a mix of proven learning techniques to ensure maximum understanding, comprehension and retention of the information presented.

 

The Course Content

Day One: Introduction: Building a Common Financial Language

  • The key role of budgeting and cost control in contemporary organizations
  • The 21st century business imperative: delivering value added (but to whom?)
  • Financial vs. Managerial accounting (for decision making)
  • Understand your processes: integrating financial and non-financial aspects
  • The budgeting process
  • Examples & Discussion

 

Day Two: The Budgeting Process

  • The key features of budgeting
  • Advantages and concerns with budgeting
  • Accountability and centers of responsibility
  • Zero-based budgeting
  • Budgeting and cost control
  • Examples & Discussion

 

Day Three: Cost Analysis

  • Different costs for different purposes
  • Fixed vs. Variable costs
  • The Cost-Volume-Profit analysis model
  • Contribution Margin analysis
  • Examples & Discussion

 

Day Four: Traditional vs. Advanced Techniques in Cost-Control

  • Under-costing and over-costing: the consequences for profitability
  • Indirect (OH) vs. Direct costs:
  • Traditional Cost Allocations systems vs. Activity-Based Costing (ABC)
  • Linking resources, activities and management
  • Variance analysis
  • Video, Case Study and Examples

 

Day Five: Beyond the Budgets: Balanced scorecards and Six-sigma

  • Broadening performance measurement systems
  • Beyond budgeting: integrating financial and non-financial issues
  • Introducing the Balanced Scorecard
  • Introducing the Strategy maps
  • Introducing Six-sigma
  • Video, Case Study and examples

 

The Certificate

  • AZTech Certificate of Completion for delegates who attend and complete the training course

What our Delegates Say

The instructor was very experienced, and the venue was excellent.

Adnan Majed Bouresly
26 - 30 March 2018, Grosvenor House (A JW Marriott Hotel), London, UK

I like Mr. Cristiano and his personality, he always makes the topics very easy to understand.

Mohamed Rashed Al Mohanadi
26 - 30 March 2018, Grosvenor House (A JW Marriott Hotel), London, UK

The course is good and enjoyable, I would recommend to add more business cases as they were very helpful

Mohammed A Alameer
18 Dec 2017 - 22 Dec 2017, The Ritz Carlton Hotel - Kuala Lumpur, Malaysia

Very interesting & good execution during the lecture.

Fahreza
18 Dec 2017 - 22 Dec 2017 , The Ritz Carlton Hotel - Kuala Lumpur, Malaysia

Upcoming Related Courses


DMCA.com Protection Status

© 2018. Material published by AZTech shown here is copyrighted. All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.

Send to Colleague

© 2018. Material published by Aztech shown here is copyrighted.

All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.





Sending your message. Please wait...

Send Successfully

There was a problem sending your message. Please try again.

Please complete all the fields in the form before sending.

Print Page

© 2018. Material published by Aztech shown here is copyrighted.

All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.



Sending your message. Please wait...

Close

There was a problem sending your message. Please try again.

Please complete all the fields in the form before sending.

Download PDF

© 2018. Material published by Aztech shown here is copyrighted.

All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.



Sending your message. Please wait...

There was a problem sending your message. Please try again.

Please complete all the fields in the form before sending.

Click the links below to get a copy of our latest training schedules

We're Social follow us on your favorite social media sites


Facebook

Twitter

Google Plus

YouTube

Linkedin

Pinterest

Quality Assured Training

Quality

Tools



Contact Us

Aztech Training & Consultancy
AZTech Training & Consultancy
P.O. Box: 74716 Dubai,
United Arab Emirates

Toll Free: 800-AZTECH (800 298324)
Tel: +971 4 427 5400
Fax: +971 4 427 5401
Email: info@aztechtraining.com

Tax Registration Number: 100234070700003