Budget & Cost Control training course

Budgeting & Cost Control training - 1 day - private courses from £995 + vat

Budgeting & Cost Control training uk

Businesses often encounter financial difficulties as a result of either inadequate budgeting or errors within the compilation of the budgets. This Budget & Cost Control training course takes a practical approach to financial planning for the organisation and considers: the compilation of budgets; how to identify potential problems arising and suggests actions which can be taken. It also looks at ways of improving financial control using budgets, so as to avoid reduced profits and/or financial problems. It also provides opportunities for participants to apply the course content to practical examples.

Budgeting & Cost Control Training Course Objectives

Budgeting & Cost Control Training Course Content

Introduction

  • The importance of budgeting
  • What are its aims?
  • How do we make budgets effective?

Budget Types

  • Capital, revenue and cash distinctions
  • How do these relate to the basics of a balance sheet, profit & loss account and cash flow statements
  • Concept of accruals

Budget reparation Process

  • Constructing forecasts
  • Limiting factors
  • Sensitivity analysis
  • Break-even analysis

Preparing a forecast

Using the budget to control

  • Variance analysis
  • Flexible and static budgets

Budgeting & Cost Control Course Prerequisites

There are no prerequisites for this Budgeting & Cost Control training course.

Budgeting & Cost Control Training Recommended Reading

The Game of Budget Control - G.H. Hofstede – buy from amazon

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