This one day training program focuses on critical areas of budgeting and cost controls. Ideal for those who want to have strong grip on practical aspects of budgeting with modern budgeting techniques, forecasting methods. Also those training covers the capital expenditure budgeting techniques like NPV, IRR and ARR methods used in decision making by senior management.

Training Agenda

Principles of Budgeting and Cost Control

• The Critical Functions of Management
• Importance of controls!

Tactical Budget to Strategic Objectives

• Decision and Control Cycle
  • Alignment of budget with strategy
• The Strategic Planning Process and the Budget as a Plan

Budget Methodology

• Master Budget, Operating and Financial Budgets
• Capital Budgets

Theories to Budgeting

• Incremental Budgeting
• Zero-Based Budgeting
• Fixed Budgeting and Flexible Budgeting
• Continuous Improvement Budgeting
• Project and Lifecycle Budgeting
• Activity Based Budgeting

Budgeting and Costing Techniques

• Forecasting Methods
  • Time Series Analysis
  • Regression Analysis
  • Probability Analysis
  • Learning Curve techniques
• Break-Even Analysis
• Characteristics of an Effective Budget
• Absorption and Marginal Costing
• Process costing and Activity based costing

Capital Expenditure Budgeting and Investment Appraisal

• Pay-Back Period (PBP)
• Net Present Value (NPV)
• Internal Rate of Return (IRR)
• Profitability Index (PI)
• Accounting Rate of Return (ARR)
• Sensitivity and Risk Analysis
  • What if analysis

Cost Control and Management Budget Reports

• Budget as a Control Tool
• Approaches to Cost Control
• Variance Analysis
• Problems in Budgeting

Relevant Case Study will be discussed with each of the above mentioned topics.

Course Fee

AED 4,500 including the cost of training material

Run the program in-house and save time & money

We run special courses for corporate clients on their location or at dedicated training suite of Lynchpin in Dubai Knowledge Village.