Budgeting, Cost & Decision Making

An Intensive 3-day Training Course

Budgeting, Cost & Decision Making

  • Format: Live/Online
  • Duration: 3 days
  • Language: English
  • Accredited: CPE, KHDA Certified training courses
Budgeting, Cost & Decision Making

ONLINE DATES

Date Venue Fee CPE Credit
Date: 13-15 May 2024
Venue: Live/Online
Fee: US $2,950
CPE Credit: 18
Enroll Now
Date: 29-31 Jul 2024
Venue: Live/Online
Fee: US $2,950
CPE Credit: 18
Enroll Now
INTRODUCTION

All business decision making involves analyzing situations and assessing alternatives, risks and benefits. This EuroMaTech's Budgeting, Cost & Decision Making Online training course offers an opportunity to acquire and then deploy new skills and ideas to achieve improved financial operations and strategies. The knowledge acquired will enhance the budget process and control processes through a variety of strategies and techniques that will provide new insights to how financial performance can be enhanced. 

In this online training course you will participate in many aspects of modern thinking:

  • Budgets and Models as a key element of management and financial strategy
  • The analysis of opportunities, risks and rewards in the context of Capital Projects
  • Controlling costs by analysis, modelling, KPI’s and review of the cost drivers
  • Develop a broader view in the context of the enterprise’s objectives and constraints
TRAINING OBJECTIVES

The Budgeting, Cost & Decision Making EuroMaTech online training course will enable participants to achieve the following objectives:

  • Understand the importance of a well-defined budget process and create budgets relevant to your organization
  • Acquire costing and budgeting terminology and techniques
  • Master methods for risk, payback and cost-benefit analysis
  • Learn how to integrate profit, cash and balance sheet plans and budgets
  • Using ‘what-if’ and Stochastic Models to evaluate probable outcomes and ranges of variances and identify key drivers for corrective actions
  • Understand the use of Present Value, IRR and discounted cash flow (DCF) to support investment and financial decision making

WHO SHOULD ATTEND?
  • Both financial and non-financial professionals at all levels
  • Delegates with a financial background will enjoy the opportunity to broaden their knowledge base in aspects of budgeting and cost control that may not be part of their current responsibilities or experience
  • By participation in this course, participants whose background is not in the financial sector will gain an understanding of both the strategic and the technical aspects of budgeting and cost control involving both the financial and the operational opportunities for performance improvement
  • At the conclusion of the course all delegates will gain a strong understanding of the practicalities; techniques and strategies of budgeting and cost control that will both enhance their effectiveness and contribution in their current role and their career opportunities based on the skills and insights acquired
Training methodology
TRAINING METHODOLOGY

Participants will learn by active participation during the online training course, by using following blended learning techniques for an engaging online delivery of this course:

  • Interactive course delivery through live virtual training room
  • Whiteboards & screen sharing
  • PowerPoint presentations
  • Case Studies, exercises, problem solving
  • Infographics and videos
TRAINING SUMMARY

This online EuroMaTech training session is presented in a manner that will make budgeting, costing and decision-making techniques more easily understood by people from every discipline across the organization. Case studies and practical exercises are used to emphasize key issues and underpin learning by relating them to typical business scenarios.

Delegates will progress through the underlying accounting principles, the application of various techniques to evaluate capital projects and the use of analysis to both understand and manage costs. They will then engage in practical steps to building budgets and conclude by gaining experience in the various developments in organizational and strategic analysis that can enhance the fundamental operational and behavioral aspects of an effective organization.

TRAINING OUTLINE
PROGRAMME OUTLINE
Day 1 - Capital Budgeting and Investment Appraisal
  • Understanding accounting principles and methods
  • Management accounting versus financial accounting
  • The relationship between business management and financial management
  • How budgeting fits into the bigger picture
  • How cost management improves an organisation’s financial position
  • Key aspects of managing working capital
Day 3 - Cost Analysis and Decision Making
  • Understanding cost structure and behavior
  • Costs as a relationship to outputs – cost / volume / price relationship
  • The concept of contribution margin
  • Break-even analysis for planning and control
  • Comparing full and marginal costing
  • Direct and indirect costs in budgeting for decision making
  • Role of costs in pricing strategies
  • Activity Based Costing (ABC)
Day 3 - Budget Construction and Control
  • Nature and purpose of budgets for planning and control
  • Types of budgets and budgeting
  • Creating Key Performance Indicators for financial and non-financial performance
  • Building a budget
  • Budgetary control and variance analysis
  • Budgeting for non-financial measures -introducing the Balanced Scorecard
CALL ME BACK

    Do you have any questions about this course?

    ENQUIRE

    SEND VIA EMAIL

    Do you wish for us to conduct this course at your premises?
    Discover In-House Solutions

    Request for In-house

    ACCREDITATION

    EuroMaTech is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit.

    Euromatech is a Knowledge & Human Development Authority (KHDA) approved training institute in Dubai, licensed and approved to deliver training courses in the UAE.

    The KHDA is the regulatory authority in the UAE, that oversees administering, approving, supervising, and controlling the activities of various education providers in the UAE.  We are proud of our commitment to ensuring quality training courses and status as a KHDA-approved training provider.

    Taught by our team of highly qualified trainers, our KHDA approved training courses will provide you with an enriching learning experience and practical knowledge that will help you future-proof your career and support professional development within your organisation.

    Stay tuned

    Subscribe to our Newsletter


      SHARE

      HIDE
      LinkedIn
      Facebook
      Twitter
      WhatsApp
      Email
      Other

      EuroMaTech Training & Management Consultancy
      Typically replies within an hour

      Luna
      Hi there 👋
      My name is Luna. Please tell me how I can assist you..
      1:40
      ×