Training Program Details
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
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