Top Business Group for Human Resources

Budgeting & Cost Control

Date Tuesday 16-07-2019 Category Finance

In the pursuit to achieve goals and objectives the management faces a lot of obstacles, good planning is one of the management pillars that help to avoid those obstacles, and budgeting is the financial tool that help the management in the planning process; and also the budget play an important role in the controlling , communicating, and motivating processes. The successful budgeting process will lead to better results and reasonable control over the organizational resources. There is a major factor will lead to successful budget is the buy in for all of the levels of the organization so they should be aware for a certain degree of how we do budget

Course Outline
  • Intro to Financial, Cost & Managerial Accounting
  • Importance of Budget and its link to Strategic Management Process
  • Effective Target Setting
  • Budgeting: The Basis for Planning and Control
  • Advantages & Disadvantages of Budgeting
  • Budgeting Process
  • Types of Budgeting
  • The Master Budgeting (Operating & Financial)
  • Budget Period
  • Budget Implementation
  • Activity-Based Budgeting (ABB)
  • Standard Costing
  • Zero-Base Budgeting
Budgetary Control
  • Financial Control Techniques
  • Budgetary Control Process
  • Non financial Measures in Budgeting
  • Static vs. Flexible Budgeting
  • Variance Analysis
  • Flexible Budgeting and Activity-Based Costing 
The Basics of Capital Budgeting
  • What is Capital Budgeting?
  • Classification of Investment Projects
  • Steps in Capital Budgeting
  • Methods (NPV, IRR, MIRR, Profitability Index, Payback, discounted payback)
  • Types and Interaction with Risk
  • Measuring Risk
  • Sensitivity analysis
  • Scenario Analysis
  • Break-even analysis
  • Elements of a Good Forecast
  • Forecasting Process
  • Time-Series Forecasting Techniques
  • Linear and Seasonality
  • Forecast Accuracy and Control
  • Forecast Error Calculation
Learning Objectives
Upon completion of this course, participants will be able to:
  • Understand budgets and budgeting
  • Develop techniques for effective budgeting
  • Understand how to manage budgets
  • Understand advanced forecasting techniques
  • Use budgets to monitor and control the costs
Who Should Attend
  • Finance specialists/ managers
  • Accountants
  • General managers of SME (small to medium enterprises)
  • Entrepreneurs
Course Duration
Three days from 9:00AM to 4:00PM
Registration Deadline
One week before the course date
Course Fees
  • 3300 EGP (Registration is confirmed only upon payment)
  • Fees include materials and attendance certificate
  • Complimentary coffee breaks and light lunch
Course Venue
Top Business premises: 17, Abdel Wahab Selim Elbeshry St. Sheraton Heliopolis, Cairo, Egypt.
  • Payment should be made one week prior to course.
  • Payment by cheque in Top Business’s name or cash to our address.