Advanced Budgeting & Cost Management Masterclass
Budgeting and cost analysis are crucial elements for the management of contemporary organizations. Nowadays, if companies want to stay competitive, they are urged to link their strategies with accurate systems of resource allocation and performance measurement. Along this line, budgeting, as well as tracking, controlling & reducing cost represent essential activities to be performed and monitored by organizations as they implement their key processes, activities and operations. In addressing these issues, this course is relevant for those professionals & analysts facing the difficult challenge of improving performance while reducing costs of those processes for which there are accountable.
This course provides participants with key cost awareness and budgetary skills, which are essential for managing and controlling resources in times of increasing global competition where the budgets are inextricably linked with both the achievement of strategic objectives as well as with evaluation of future plans and initiatives. In particular, this seminar enables participants to:
By the end of this course, delegates will be able to:
Financial Managers, Senior Accountants, Accounting & Budgeting Personnel
Introduction
· The link between strategy, planning, budgeting and cost management
· Why budgeting and costing are so important to manage your company
· Towards a cross-functional process-view of the organization
· Financial vs. Managerial accounting (where you get information for decision making)
· Understand your processes
The Budgeting Framework and Its Role within the Management Process
· The role of budgeting within management accounting
· The value of budgeting in your company
· Advantages and disadvantages
· Balance sheet, Income statement and cash-flow
Cost Management for Budgeting Purposes
· Cost concepts and terminology
· Different costs for different purposes
· Fixed Vs Variable costs
· The Cost-Volume-Profit analysis model
· Manufacturing vs. non-manufacturing costs
· Period Vs. Product costs
Traditional vs. Advanced Techniques in Cost-Control
· Under-costing and over-costing
· The consequences for profitability
· How to refine a costing system?
· Indirect Vs. Direct costs
· Traditional Cost Allocations systems Vs. Activity-Based Costing
· Introducing Activity-Based Budgeting (ABB) and Management (ABM)
Broadening the Performance Measurement Systems
· Shortcomings of traditional approaches to budgeting and performance measurement
· Balanced Scorecard and Six-sigma
· Financial perspective
· Customer perspective
· Developing and adapting the scorecard
| Code | From | To | City | Fee | |
|---|---|---|---|---|---|
| AF31 | 06 Jan 2020 | 10 Jan 2020 | Bangkok | US$ 4500 | Book |
| AF31 | 02 Mar 2020 | 06 Mar 2020 | Barcelona | US$ 5500 | Book |
| AF31 | 03 May 2020 | 07 May 2020 | Alexandria | US$ 3900 | Book |
| AF31 | 27 Jul 2020 | 31 Jul 2020 | Kuala Lumpur | US$ 4500 | Book |
| AF31 | 06 Sep 2020 | 10 Sep 2020 | Cairo | US$ 3900 | Book |
| AF31 | 23 Nov 2020 | 27 Nov 2020 | Istanbul | US$ 4500 | Book |
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DUBAI OFFICE
Ittihad Deira Building, |
USA OFFICE 642 E14 Street,10009-13 Manhattan, New York (NY) USA info@petrogas-training.com |
EGYPT OFFICE 52 General Kamal Hejab Street,Suez Bridge, Cairo, Egypt info@petrogas-training.com |
Certificate of Completion will be provided to the candidate(s) who successfully attend and complete the course. Training hours attendance percentage of 75% is required.
Standard course hours: 8:30 A.M. to 3:30 P.M. Informal discussions: 4:30 P.M. to 5:30 P.M.
We use a blend of interactive and hands-on methods, active participation, a variety of instructional techniques, dynamic presentations, individual and group exercises, in depth discussion, DVD’s, role-plays, case studies, examples. All of the information, competencies, knowledge and skills acquired within our training programs, are 100% transferrable to the participants’ workplace.
Pre-Test and Post-Test Assessment are applied on 5-day and 10-day programs. Also, post course evaluation and candidate’s evaluation are applied to add another level of quality measurement. Candidates’ feedback is highly appreciated to elevate the training service quality.
A- Have staff trained in the latest training and development approaches
B- Support nationalization and talent management initiatives
C- Have properly trained and informed people who will be able to add value
D- Gain relevant technical knowledge, skills and competencies
A- Develop job related skills
B- Develop personal skills in subject matter
C- Have a record of your growth and learning results
D- Bring proof of your progress back to your organization
F- Become competent, effective and productive
G- Be more able to make sound decisions
H- Be more effective in day to day work by mastering job-related processes
I- Create and develop competency to perform job well
A- 10% discount after 05 candidates’ registration.
B- 15% discount after 10 candidates’ registration.
C- 20% discount after 20 candidates’ registration.
D- 25% discount after 25 candidates’ registration.
E- 30% discount after 30 candidates’ registration
F- Higher discount rates will be offered based on work volume with different clients.
A- One extra free seat is offered on 4 candidates on the same course and dates.
B- Two extra free seats are offered on 6 candidates on the same course and dates.
C- Three extra free seats are offered on 8 candidates on the same course and dates.
D- Four extra free seats are offered on 10 candidates on the same course and dates.
E- Five extra free seats are offered on 12 candidates on the same course and dates.
Nominations to our public courses are to be processed by the client’s Training and/or HR departments. A refund will be issued back to the client in the event of course cancellation or seat unavailability. A confirmation will be issued to the relevant department official(s).
If a confirmed registration is cancelled less than 5 working days prior to the course start date, a substitute participant may be nominated to attend the same course or a 20% cancellation charge is applied. In case of a no-show, a 100% fee will be charged.
PAYMENT POLICY
Payment is due upon receiving the course confirmation, invoice and/or proforma invoice. However; the fee due can be wire transferred to our bank account directly after course completion. Our bank details are illustrated on the confirmation, invoice and proforma invoice, as well. The above documents can be communicated electronically, i.e., in a soft copy or/and in hard copy based on customer’s request.
COPYRIGHT
© 2017. Material published by PETROGAS shown here is copyrighted. © 2017. All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing in any medium, transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.
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