BTS

Effective Budgeting, Cost Control And Working Capital

All business decision-making involves analyzing situations containing varying degrees of risk. This seminar uncovers the essential skills required to understand the processes of budgeting and cost control for better decision-making. From understanding the importance of a well-defined budget process through to the importance of how costs behave so that realistic cost cutting and budgeting plans can be produced.

The Training Course Will Highlight ?

. In this seminar you will learn how to:

Identify the principal factors required to produce a successful business case
Develop budgeting and financial skills required for better decision-making
Identify sources of financial and business data to support the budgeting process
Learn new techniques and methodologies to simulate typical business scenarios

Training Objective

Understand the importance of a well-defined budget process
Learn costing and budgeting terminology used in business
Master techniques for cost-benefit analysis
Learn how to construct profit, cash and balance sheet plans and budgets
Learn how to evaluate variances from plan and identify corrective actions
Understand discounted cash flow (DCF) techniques and their application to financial decision making
Build and use budgets relevant to your organization

Target Audience

This seminar would benefit any professional who needs to improve their skills in constructing and controlling a budget
Financial personnel who need to evaluate plans for approval and variance reports for corrective action
Non-financial professionals needing to evaluate proposed business expenditure decisions and who need to know more about the processes of planning, costing and budgeting during their business careers

Training Methods

This interactive Training will be highly interactive, with opportunities to advance your opinions and ideas and will include;
Lectures
Workshop & Work Presentation
Case Studies and Practical Exercise
Videos and General Discussions

Daily Agenda

Understand the importance of a well-defined budget process
Learn costing and budgeting terminology used in business
Master techniques for cost-benefit analysis
Learn how to construct profit, cash and balance sheet plans and budgets
Learn how to evaluate variances from plan and identify corrective actions
Understand discounted cash flow (DCF) techniques and their application to financial decision making
Build and use budgets relevant to your organization

Accreditation