Budgeting and Cost Control

Course Description

This course focuses on the principles and techniques of budgeting and cost control in organizations. Students will learn how to develop budgets, monitor financial performance, and implement cost control measures. The course will cover various budgeting methods, variance analysis, and the importance of aligning budgets with strategic goals.

Modules

• Fundamentals of Budgeting
• Types of Budgets (Operating, Capital, Cash)
• Forecasting and Planning Techniques
• Budget Preparation Process
• Variance Analysis and Corrective Actions
• Zero-Based and Flexible Budgeting
• Rolling Forecasts
• Cost Monitoring Tools and Techniques
• Budgeting Software Overview (e.g., SAP BPC, Oracle Hyperion)
• Case Studies and Implementation Strategies

Duration: 24 hours

Training Fee: 7,080