An intensive professional development training course on
The Essentials of Budgeting & Cost Control
Practical Financial Planning and Budgetary Control
Why Choose The Essentials of Budgeting & Cost Control Training Course?
Planning and management control are essential for contemporary organisations. This Essentials of Budgeting & Cost Control training course will include widely used tools and techniques for short-term planning, monitoring and sustaining performance – budgeting and budgetary control.
Budgeting and strategic management are both inextricably linked together. Realistic budgets depend on accurate cost analysis and forecasting. It is essential to understand how costs behave to be able to plan realistically and implement the use of appropriate financial and non-financial performance measures. Budgetary control best practice uses flexed budgets to calculate variances against actual performance and enable corrective actions. This The Essentials of Budgeting & Cost Control training course will enable you to use the traditional tools of budgeting and control as well as some new approaches, which reflect and respond to today’s complex business environment.
This The Essentials of Budgeting & Cost Control training course will feature:
- The links between strategic planning, budgeting and cost control
- The key features of budgeting
- Clarification of cost terms and concepts
- Traditional and innovative approaches to budgeting and cost control
- The impact of non-financial KPIs on planning, budgeting and cost control
What are the Goals?
By the end of This Budgeting & Cost Control Course, participants will be able to:
- Develop an integrated planning, budgeting and reporting process
- Actively participate in the budgeting process within the organisation
- Analyse cost behaviour and manage costs more effectively
- Master traditional and innovative approaches to budgeting and cost control
- Select appropriate and effective performance measurement systems and KPIs
The Course Content
- Budget target-setting, participation and control
- Strategic planning, budgeting and management control systems
- Key elements of planning: setting objectives, and responsibility accounting
- The role of financial control, and management accounting concepts
- Advantages and disadvantages of budgeting
- Budgeting within your organisation
- The essential stages of the budgeting process
- Types of budgets, incremental and zero-based budgeting
- Budget preparation: operating budgets and cash budgets
- Variable costs and fixed costs
- Contribution and marginal costing
- Decision-making using marginal costing, and cost/volume/profit (CVP) analysis
- Costs and activities
- Direct costs and indirect costs, product costs and period costs
- Cost allocation and absorption costing
- Product cost cross-subsidisation, and activity-based costing (ABC)
- Activity based budgeting (ABB)
- Budgetary control: standard costs, flexed budgets and variance analysis
- Capital investment costs and operating costs
- Accounting rate of return (ARR) and payback
- Discounted cash flow (DCF), and net present value (NPV)
- Cost of equity, cost of debt, and the weighted average cost of capital (WACC)
- Internal and modified internal rate of return (IRR/MIRR), and discounted payback
- Capital rationing, budgeting and the profitability index (PI)
- Planning for world class performance
- Drivers of corporate and shareholder value, and financial strategy
- The changing cost base and alternative approaches to costing
- The conflicts between accounting and business performance measurement
- Integrating financial and non-financial key performance indicators (KPIs)
- The balanced scorecard
Certificate and Accreditation
- AZTech Certificate of Completion for delegates who attend and complete the training course
How Aztech Saudi Can Enhance Your Professional Career
At Aztech Saudi, we believe that professional development is the foundation of long-term career success. This training course is expertly designed to equip individuals with practical skills, forward-thinking strategies, and the confidence to navigate today’s dynamic work environments. Each course is delivered by subject matter specialists with extensive industry experience, ensuring that every learning experience is relevant, impactful, and aligned with real-world challenges. Whether you're looking to strengthen your technical expertise, enhance leadership abilities, or stay ahead of industry trends, Aztech Saudi provides the tools you need to elevate your performance and deliver measurable value to your organization.
Our training is more than just knowledge transfer—it’s a catalyst for career transformation. By participating in our courses, professionals gain a competitive advantage in their fields, improve their decision-making capabilities, and position themselves for new opportunities and leadership roles. We take pride in supporting individuals across various sectors and career stages, helping them unlock their full potential through high-quality, globally benchmarked learning experiences. With Aztech Saudi as your development partner, you’re not only investing in education—you're investing in a stronger, more successful future.
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