Budgeting & Cost Control

This Budgeting & Cost Control workshop takes a practical approach to financial planning for the organisation and considers: the compilation of budgets;

how to identify potential problems arising and suggest 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.

Objective

  • Our Budgeting & Cost Control course will teach you:
  • Basic concepts of budgeting
  • Budget types
  • Analysing variances and corrective action
  • Updating and Flexing the budget
  • Preparing the budgets and forecast
  • Budgeting to control costs

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

Who Should Attend
Administrators & financial workers looking to improve their budgeting skills and small businesses who want to take a practical approach to their finances.

Duration
2 Days.

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Knowledge ValleyCanada Office
18 King Street East, Suite 1400 Toronto, Ontario M5C 1C4 Canada
Knowledge ValleyEngland Office
Capital House, 47 Rushey Green, Catford, London SE6 4AS, UK.
Our LocationsWhere to find us
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VerificationVerify your Registration
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Knowledge ValleyCanada Office
18 King Street East, Suite 1400 Toronto, Ontario M5C 1C4 Canada
Knowledge ValleyEngland Office
Capital House, 47 Rushey Green, Catford, London SE6 4AS, UK.
OUR LOCATIONSWhere to find us
https://kvalley.ca/wp-content/uploads/2023/10/imgmap.png
VerificationVerify your Registration
Online

Copyright by Knowledge Valley. All rights reserved.

Copyright by Knowledge Valley. All rights reserved.