FINANCE & ACCOUNTING - Budgeting & Cost Control: Principles & Practices
Management Control builds on the information provided in budgets to understand variances and take corrective action. This workshop will allow participants to explore the traditional tools of budgeting and control as well as new dynamic approaches, which reflect and respond to the current complex business environment.
PARTICIPANTS WILL BE ABLE TO:
-Build an integrated planning, budgeting and reporting process
-Understand costs behavior more accurately
-Understand capital budgeting
-Deliver more timely and useful information to decision makers
-Identify and manage key financial indicators for the business
-Be able to use specific cost analysis and performance measurement techniques and balanced scorecards
-Be able to interpret the financial impact of strategic directions
-Understand the problems of overheads allocation and how activity based analysis may aid decision-making and pricing strategies
-Select effective performance measurement systems
-Professionals with direct or indirect financial responsibilities.
-Personnel from every business discipline and department who have to run departments and budgetary plans, and who are responsible for cost and strategic analysis.
-Professionals from all sectors of industry, irrespective of functional responsibilities, but particularly those involved in manufacturing, production, engineering or sales.
-Professionals working in a project management environment.