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Effective Budgeting and Cost Control

Effective Budgeting and Cost Control

Program Objectives:


 By the end of the program, participants will be able to:

  • Demonstrate how the budget relates to the key financial statements: balance sheet, income statement and cash flows.
  • Prepare a budget consistent with the organization’s strategic plan.
  • Use appropriate estimation techniques in the development of revenue and expense budgets.
  • Identify all the appropriate costs to be included in a capital expenditure proposal.
  • Apply cost control tools, analyze management variance reports and take proper corrective

 Who Should Attend:


 All managers, supervisors and analysts who prepare and/or use management budgets.

Course Contents :


 Principles of Budgeting and Cost Control

  • The Critical Functions of Management
  • Control: The Missing Link

Linking the Tactical Budget to Strategic Objectives

  • The Strategic Planning Process
  • Budget as a Planning Tool
  • Aligning the Budget with the Organization’s Strategy

Types of Budgets

  • The Master Budget
  • Operating and Capital Budgets
  • The Budgeted Financial Statements

Approaches to Budgeting

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

Budgeting and Costing Techniques

  • Break-Even Analysis
  • Use of Standards in Budgeting
  • Different Forecasting Methods
  • Trend Analysis and Cost Estimation
  • Characteristics of an Effective Budget

Project Budgeting

  • Planning for Projects
  • Direct and Indirect Project Costs

Cost Control and Management Budget Reports

  • Budget as a Control Tool
  • Approaches to Cost Control
  • Characteristics of an Effective Control System
  • Understanding the Need for Timeliness and Precision
  • Variance Analysis: Identifying the Components of Variance
  • Variance Analysis: Taking the Corrective Action
  • Problems in Budgeting

Event Information

Event Date 02-01-2022
Event End Date 06-01-2022
Individual Price $2,800.00
Location cairo
Categories Financial and Auditing