Effective Budgeting & Cost Control Training

Date :

15 – 16 February 2017

18 – 19 July 2017

05 – 06 December 2017

Duration :

2 days ( 9am – 5pm )

Venue:

Vistana Hotel, Kuala Lumpur

Medium :

English & Bahasa Malaysia

Register Before:

Please refer the brochure to know more.

Who should attend:

• Executive, Managers & Directors who want to develop their budget understanding, understand how their decisions affect an organization’s financial performance and to improve their organization’s budgeting performance.
• Relevant to public, private and not-for-profit sectors.

Today, more than ever before, the ability to handle “the numbers” is one of the most important business skills employees can possess. Crunching numbers and coming up with a budget can be a challenge. They must understand how the strategic and planning advantages of a well-put-together budget can benefit the organization.

This training provides the theoretical basis and necessary skills to develop an employee strategic planning and budgeting processes. A strategy is a long-term plan of what an organization is going to do to achieve its overall policy. Our 2 days training will enable participants to develop a framework that links strategies to annual budget and targets and aims for high levels of management and organizational performance.

A budget is a short-term plan on how a company quantifies the operational activities required to achieve its long-term strategy. This training will provide participants with the skills and techniques to develop a budget as a plan, and use control budgets and analysis of variances to identify areas in which financial performance may be improved.

Our training course Planning & Budgeting was designed to cuts through the theory and jargon to provide practical and techniques necessary to really understand the budgeting process.

We’ll turn budgeting into a dynamic goal-setting process rather than a dreaded chore!

• LEARN the budget planning process, preparation, review, control and modern day tools for budgeting and variance analysis.
• DISCOVER and leverage on the different type of budgeting techniques that can be used in organization.
• INSIGHT into defining the uncertainties that affect company ability to produce accurate budget.
• Participants will UNDERSTAND how to build budgets for the ‘real world’ allowing for flexibilities and future change.
• How to use the numbers to gain perspective for strategic planning and decision making.
• Describe how budgeting relates to the planning and controlling function of management.
• Appreciate the behaviour of costs and IDENTIFY the costing methods that may best be used in financial planning, budgeting and budgetary control.
• Participants will Contribute effectively to the planning and budgeting of future plan of the department as well as the organization.

• Lectures
• Indoor Activities
• Workshop
• Case Studies
• Presentations
• Discussion

Module 1:

• Why Cost Analysis
• Cost Classification

Module 2:

• Planning For Business Success
• The Benefits
• What To Include In Your Annual Plan?
• A Typical Business Planning Cycle
• Planning Process
• Source Of Deficit

Module 3:

• Why Budget In The First Place? What To Expect Without
• A Budget In Place
• Conditions For Implementing A Budgeting Control System
• Role Of Budget Committee

Module 4:

• Benefit Of A Business Budget
• Key Step In Drawing Up A Budget

Module 5:        

Budget Process

• Creating A Budget
• What Your Budget Will Need To Include?
• Use Your Budget To Measure Performance
• Review Your Budget Regularly

Module 6:

• Characteristic Of Budget
• Types Of Budget
• Approaches To Budgeting

Module 7:

Budgetary Control

• Variance Analysis & Sensitivity Analysis
• Internal Audit
• External Audit

Module 8:

• Importance Of Budgeting
• Symptoms Of Incomplete Planning And Budgeting
• Step To Improving The Budgeting And Planning Process

Download Brochure