Effective Budgeting and Cost Control

Course Overview

Effective Budgeting and Cost Control course is designed to ensure that managers are in a position to achieve the goals by giving overview of the important methodologies and concepts which are included in cost control and budgeting. In order to provide a clear idea, it looks into the issues of operational costs and control so that financial disciplines can be promoted and limits of budgeting can be respected.

Course Objectives

By the end of the course participants will be able to:

  •     Identify different kinds of business assets
  •     Describe elements and structure of internal control system
  •     Develop control activities of the assets
  •     Explain how asset control activities can be implemented effectively
  •     Identify benefits of budget
  •     Use budget for controlling business activities
  •     Identify principles so that budget can be applied in the enterprises effectively

Course Content

  •     Introduction to the Workshop
  •     Kinds of Business Assets
  •     Internal Control System
    •         Define the term internal control
    •         Internal control system elements
  •     Asset Control Activities
    •         Bank accounts and cash
    •         Receivable accounts
    •         Inventory
    •         Fixed assets
  •     Keynotes for the Managers

Course Methodology

The training is going to be highly interactive combination of lectures, group discussions, questionnaires, individual reflections, role plays, simulations and videos.

Target Audience

Effective Budgeting and Cost Control course is designed for the managers including the staff comprising of the directors, supervisors, business owners, shareholders, chief financial officers or others who are managing or controlling the business assets.

Duration

05 Days (08:30–14:30) with appropriate breaks for tea/refreshments and lunch.

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