Certified Advanced Budgeting & Cost Control Professional

NAME OF THE COURSE
Advanced Budgeting & Cost Control
 
CERTIFICATION
Certified Advanced Budgeting & Cost Control Professional
 
COURSE OVERVIEW
Budgeting is more than mere vague oversight. Budgeting should deliver the corporate strategy, add shareholder value and lead to a well-run business – for the benefit of all involved in it. Effective budgeting leads to real control – effective day-to-day operational control and more. This course demonstrates what proper budgeting and operational control can do. It shows that:
  • Budgets should be tied to corporate strategy
  • Cultural harmony – method / reports / people – is vital
  • Having clear objectives and deliverables is a must
  • Report and feedback leading to action will deliver
 
TRAINING DURATION
Total Training Hours : 22 Hours
Training Duration      : 1 Week
Total Training  Days  : 4-5 Working Days
 
TRAINING SCHEDULE
Weekdays (Sunday to Thursday)
Regular Sessions: 4 – 6 Hrs Per day (9am to 2pm or 3.00pm to 9.00 pm)
Food & refreshments Included
Weekends (Friday & Saturday)
Fast Track Sessions: 8 Hours per day (9am to 5pm)
Food & refreshments Included
 
CERTIFICATION
Globally recognized certificate from “Kings Global Career Academy”
 
TEST
No
 
LEARNING AIDS
Yes
 
COURSE MATERIAL
Hard & Soft Copies of Study Material
 
LANGUAGE OF INSTRUCTION
English
 
INSTRUCTOR HELPLINE
Yes
1. Email
2. Social Media (For Emergency requirements)
 
REGISTRATION REQUIREMENTS
1. Passport Copy
2. Curriculum Vitae
3. Passport size photographs
4. Course Fee
 
MODE OF PAYMENT
Cash / Cheque / Credit Card / Bank Transfer.
 
ELIGIBILITY
  • All executives, managers, accountants, engineers and other staff who need to:
  • Review or learn the concepts and measures used to budget and control operations
  • Develop their organisational and personal process of budgeting and control
  • Focus themselves and other members of the team on the issues which must be managed to ensure proper budgeting and operational control
 
COURSE BENEFITS
  • Understand financial terminology and concepts clearly
  • Gain skills to analyse financial statements
  • Understand the differences between budgets & budgeting
  • Be able to implement techniques for effective budgeting
  • Be able to apply advanced forecasting techniques
  • Discover how to make smart purchasing decisions
  • Interpret some of the legal aspects of finances
 
COURSE CONTENTS
  • Introduction
  • The importance of budgeting
  • What are its aims?
  • How do we make budgets effective?
  • Budget Types
  • Capital, revenue and cash distinctions
  • How do these relate to the basics of a balance sheet, profit & loss account and cash flow statements?
  • Concept of accruals
  • Budget reparation Process
  • Constructing forecasts
  • Limiting factors
  • Sensitivity analysis
  • Break-even analysis
  • Preparing a forecast
  • Using the budget to control
  • Variance analysis
  • Flexible and static budgets
 
1.  OVERVIEW OF COST & MANAGEMENT ACCOUNTING
  • Financial accounting vs management accounting
  • Marginal costing and absorption costing
  • Concepts of relevant costs; benefits of standard costing and       budgetary control
 
2.  BUDGETING AND VARIANCE ANALYSIS
  • Interpretation, investigation, and limitations: Labour & materials
 
3.  COST VOLUME PROFIT (BREAK EVEN) ANALYSIS
  • Cost behaviour
  • Fixed costs
  • Variable costs
  • semi-variable costs
  •  Break-even analysis
  •  Contribution
  •      – Margin of safety
 
4.  SHORT TERM DECISION MAKING
  • Decision criteria, applications
  • acceptance of
  • special contracts
  • most efficient use of scarce resources
  • make-or-buy decisions
  • closing or continuance of a section or product
 
5.  ACTIVITY BASED COSTING
  • Characteristics and applications of ABC with Case Examples
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