To ensure effective financial management of a department or even the entire organisation, there is the need to prepare a realistic budget and ensure compliance with the approved budget. Furthermore, to ensure this compliance, operational costs need to be monitored and controlled so that as to ensure financial discipline. This training course will help participants to understand the main concepts and methodology around cost management and budgeting.

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Course Objectives​

• Apply the essential concepts of accounting, budgets and finance

• Acquire best practices in budgeting

• Understand the strategic role of cost concepts & systems

• Apply the use of unit cost measurements in performance-based budgeting

• Maintain strategic cost control

• Describe the role of budgets in the management process

• Discuss the importance of strategy and its role in the master budget

• Use best practices to create written budget justifications

• Develop flexible budgets for evaluating short-term financial performance

• Measure and evaluate performance

• Leverage emerging technologies for delivering operational excellence

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Who should attend?

• Finance, Cost & Project Managers

• Budget Managers

• Team Leaders

• Business Advisors

• Financial Controllers

• Senior Management

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Early Fee: USD 1295

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Standard Fee: USD 1695