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Provided by: Meirc Training and Consulting Effective Budgeting & Cost ControlBudget Management |
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Training
Provided by Meirc Training and Consulting
Objectives:
By the end of the program, participants will be able to:
See how the budget relates to the two key financial statements: balance sheet and income statement.
Prepare a budget consistent with the organization's strategic plan.
Use appropriate estimation techniques in the development of revenue and expense budgets.
Identify all the appropriate costs to be included in a capital expenditure proposal.
Analyze management cost reports and take corrective action.
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Effective Budgeting & Cost Control
Principles of Budgeting and Cost Control
The Critical Functions of Management
The Budget as a Key Financial Statement
Linking the Tactical Budget to Strategic Objectives
The Strategic Planning Process
Goals for the Budget Year
The Operating Budget
Analysis into Quarters and Months
Seasonal Factors
Expense Budgeting
Zero-based Budgeting
Detail and Completeness
Allocations from Cost Centers
Budgeting and Costing Techniques
Forecasting Methods
Break-even Analysis
Use of Standards
Trend Analysis
Cost Estimation
Project Budgeting
Project Planning
Direct and Indirect Project Costs
Capital Expenditure Budgeting and Analysis
Accounting Rate of Return
Pay-back Period
Net Present Value
Internal Rate of Return
Approval for Expenditure (AFE)
Cost Control and Management Budget Reports
Approaches to Cost Control
Understanding the Need for Timeliness and Precision
Variance Analysis
The Critical Functions of Management
The Budget as a Key Financial Statement
Linking the Tactical Budget to Strategic Objectives
The Strategic Planning Process
Goals for the Budget Year
The Operating Budget
Analysis into Quarters and Months
Seasonal Factors
Expense Budgeting
Zero-based Budgeting
Detail and Completeness
Allocations from Cost Centers
Budgeting and Costing Techniques
Forecasting Methods
Break-even Analysis
Use of Standards
Trend Analysis
Cost Estimation
Project Budgeting
Project Planning
Direct and Indirect Project Costs
Capital Expenditure Budgeting and Analysis
Accounting Rate of Return
Pay-back Period
Net Present Value
Internal Rate of Return
Approval for Expenditure (AFE)
Cost Control and Management Budget Reports
Approaches to Cost Control
Understanding the Need for Timeliness and Precision
Variance Analysis
About The Training Provider: Meirc Training and Consulting
Meirc Training and Consulting - Meirc Training and Consulting offers a comprehensive range of training courses in Dubai and executive training in Dubai and outside the UAE in regions which include the Middle East, North Africa and Europe. Meirc has expertise in wide areas as follows:
Leadership and Management,
Interpersonal Skills,
Communication Skills,
Business Writing,
Human Resources Management,
Training and...
