• We use cookies to enhance your experience to know more press on the following link. Privacy Policy
    المالية
    19347

    Budget Preparation, Allocation, and Cost Control

    30-09 To 04-10-2024
    Kuala Lumpur
    finance and accounting

    This training course focuses on advanced budgeting and cost control techniques, combining theoretical knowledge with practical applications through real case studies. Participants will learn to align budgets with strategic goals, manage costs efficiently, and implement best practices for organizational performance and financial control.

    Date :
    From 30 Sep. Till 04 Oct. 2024
    City :
    Kuala Lumpur
    Fees :
    4500
    • Date City Fees
    Date :
    From 30 Sep. Till 04 Oct. 2024
    City :
    Kuala Lumpur
    Fees :
    4500
    • Date City Fees

    Overview

    To provide professionals with essential skills in budget preparation, cost allocation, and cost control, enhancing their ability to make informed decisions, plan effectively, and manage projects in a competitive global environment.

    This training course focuses on advanced budgeting and cost control techniques, combining theoretical knowledge with practical applications through real case studies. Participants will learn to align budgets with strategic goals, manage costs efficiently, and implement best practices for organizational performance and financial control.

    Who Should Attend

    Target Group:

    • Budget system designers and managers.
    • Staff responsible for budget data entry and training.
    • Professionals seeking control over financial aspects of their roles.
    • Financial, R&D, sales/marketing, and general accounting professionals.
    • Business unit professionals and anyone interested in budgeting, costing, and performance measurement.
    • Understand the role of budgeting in organizational management.
    • Develop a system for cost analysis and budgeting.
    • Master financial skills for better decision-making.
    • Link strategic objectives to operational plans.
    • Learn best practices for managing organizational performance.
    • Integrate organizational drivers with strategic objectives.
    • Understand the relationship between financial and pre-financial drivers.
    • Strategic thinking and financial planning.
    • Budget preparation and cost control.
    • Performance measurement and management.
    • Advanced cost analysis techniques.
    • Effective use of traditional and advanced budgeting tools.

    Budgeting & Cost Control in the Management System: Link with Strategic Planning

  • The role of budgeting in contemporary organizations.
  • Strategic planning, budgeting, and management control.
  • Setting goals and objectives with strategic management accounting.
  • Translating strategic plans into operational actions.
  • Measuring and managing performance with KPIs and targets.
  • Managerial accountability and performance management.

    • Budgeting: Principles and Key Concepts

  • The context and benefits of budgeting for achieving organizational targets.
  • Identifying and addressing shortcomings in the budgeting process.
  • Core principles of budgeting.
  • Key issues in budget preparation.
  • Differentiating between Capex (Capital Expenditures) and Opex (Operational Expenditures).

    • Contact Us

    For each learning and development project we establish strong relationships and effective communication with partners.
    Don't hesitate to contact us.