Advanced Budgeting, Performance Management and Cost Control Strategies
Details
Advanced Budgeting, Performance Management and Cost Control Strategies
*The Role of Budgeting & Cost Control
· The complexity of managing contemporary organizations
· Strategic planning, budgeting and management control systems
· The key elements of budgeting: objectives, initiatives and resources
· Understanding the context for budgeting & the role of the controller
· What are the advantages and the disadvantages of budgeting?
· What is it the situation in your organization? How to improve it?
Outline
*The Role of Budgeting & Cost Control
· The complexity of managing contemporary organizations
· Strategic planning, budgeting and management control systems
· The key elements of budgeting: objectives, initiatives and resources
· Understanding the context for budgeting & the role of the controller
· What are the advantages and the disadvantages of budgeting?
· What is it the situation in your organization? How to improve it?
Budgeting and Cost Control
· What are the essential inputs of the budgeting process?
· What is zero-based budgeting?
· Costing for budgeting: key terms and concepts
· Variable vs. Fixed costs
· The important role of contribution margin
- Cases, problems and examples
*Costing: From Traditional to Activity-Based
· Complementing traditional costing with activity-based costing
· Direct vs. indirect cost
· Cost allocation: traditional costing and activity- based costing (ABC)
· From traditional budgeting to Activity-based budgeting (ABB)
· The importance of costs analysis
· Cases, problems and exercises
*Capital Budgeting
· Capitalized vs. period costs
· Capital budgeting
· Payback period
Speaker/s
Special Offer
Schedules
| Tue, Fri | 09:00 AM — 04:00 PM |
| No. of Days: | 4 |
Alpha Partners is a reputable firm of Training and Management Consultants with many years of corporate training experience in Finance, Accounting, Auditing, Banking, Management, Information Technology, Oil and Gas Sector, Security, Engineering, Public Relations, Secretarial Studies, Leadership, Marketing and other fields of human endeavour.
We are one of the leading players in the profession. Our firm, a multi-disciplinary one with highly talented, experienced and dedicated partners and staff who have experiences in different facets of working life was established in 1996 and has branches in Lagos, Enugu and Awka.
We offer a wide range of professional services, which covers audits, accounting, finance, taxation, ICT, security, engineering, insurance, human resources management, secretarial and consultancy services in all ramifications.
Our numerous clients attest to the high quality services we offer which contribute in no small measure in ensuring sound and efficient management of their resources.
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