Budgeting & Cost Control: Modern Methods for Better Decision Making

Introduction

In order to make better business decisions, decision makers need to understand the fundamentals of budgeting and costing. This training course has been devised to give business decision makers a good understanding on budgets, cost controls, variances and associated analysis that will lead to better decisions being made & better results being attained.

PROCLAD Academy’s Budgeting & Cost Control: Modern Methods for Better Decision Making training course will clarify budgeting terms; clearly explain the methodology used and cover both traditional & non-traditional budgeting methods through to newer methods and approaches. We will take the same approach with all elements of costing.

The key features of PROCLAD Academy’s Budgeting & Cost Control: Modern Methods for Better Decision Making training course are:

• Planning and Budgeting
• Cost Control
• Capital Budgeting
• Cost-Volume-Profit Analysis
• Breakeven Analysis

Learning Objectives

Upon completion of PROCLAD Academy’s Budgeting & Cost Control: Modern Methods for Better Decision Making training course the participants will be able to:

• Understand the budgeting process
• Learn the range of budgeting options
• Understand both budgeting and costing terminology
• Calculate more effective budgets
• Utilize improved costing methods
• Be in a position to devise their own budget and control system
• Be aware of non-budget tools such as Balance Scorecards

Target Audience

PROCLAD Academy’s Budgeting & Cost Control: Modern Methods for Better Decision Making training course is designed for:

• All personnel involved in preparation of budgets
• Budget supervisors
• Operational managers
• Productions managers
• Financial managers
• Others who provide and enter information
• Anyone else who wants to understand budgets and costing within their business

Training Methodology

PROCLAD Academy’s practical and results-oriented Budgeting & Cost Control: Modern Methods for Better Decision Making training course is based on adult learning concept. It incorporates short inspiring lectures with captivating PowerPoint slides; videos to enhance learning; ongoing discussions with action planning; ample time for Q&A; training activities to reinforce key concepts within a fun learning environment.

Course Outline