Effective Budgeting and Cost Control

Training Effective Budgeting and Cost Control

By the end of the program, participants will be able to:

• Demonstrate how the budget relates to the key financial statements: balance sheet, income statement, and cash flow.
• Prepare a budget consistent with the organization’s strategic plan.
• Use appropriate estimation techniques in the development of revenue and expense budgets.
• Identify all the appropriate costs to be included in a capital expenditure proposal.
• Apply cost control tools, analyze management variance reports and take proper corrective action.

Who should attend:

All managers, supervisors and analysts who prepare and/or use management budgets

 

Program Outline

Planning and the Functions of Management

• The Critical Functions of Management
• Aligning the Budget with the Organization’s Strategy
• Road Map to Strategy
• Budget as a Planning Tool
• Control: The Missing Link
• Planning Pitfalls

The Key Financial Statements

• The Accounting System
• The Income Statement
• The Balance Sheet
• The Cash Flow Statement

Budgeting: Process and Approaches

• The Advantages of Budgeting
• The Budget Process
• Rolling Budgets
• The Master Budget
• Operating and Capital Budgets
• The Budgeted Financial Statements
• Approaches to Budgeting:
  • Incremental  Budgeting
  • Zero-Based Budgeting
  • Flexible Budgeting
  • Kaizen Budgeting and Continuous Improvement
  • Activity-Based Budgeting
• Tools of Forecasting
• Direct and Indirect Costs
• Characteristics of an Effective Budget
• Problems in Budgeting

Cost Control

• Budget as a Control Tool
• The Control Process
• Characteristics of an Effective Control System
• Responsibility Reporting
• Variance Analysis: Identifying the Components of Variance
• Variance Analysis: Taking the Corrective Action

Capital Expenditure Budgeting and Analysis

• Time Value of Money
• Simple versus Compound Interest
• Identifying and Analyzing Cash Flows
• The Discount Rate: Using Cost of Capital
• Net Present Value (NPV)
• Internal Rate of Return (IRR)
• Profitability Index (PI)
• Pay-Back Period (PBP)
• Accounting Rate of Return (ARR)
• Approval for Expenditure (AFE)
• Sensitivity and Risk Analysis

Cost Volume Profit Analysis (CVP)

• Identifying the Fixed Costs and Variable Costs
• Computing Breakeven Point in Units
• Computing Breakeven Point in Sales
• Assumptions of CVP Analysis
• Using CVP in Budgeting Decisions

 

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Kami memberikan alternatif Fasilitas atas Investasi anda dalam Program ini, diantaranya :

1. Sertifikat, Peralatan Training, USB, Souvenir, Lunch, Coffe Break, City Tour
2. Running minimal 2 Orang (Semarang, Jogja, Solo), Running minimal 3 Orang (Bandung, Jakarta), Running 4 Orang diperuntukan untuk daerah (Bali, Lombok, Manado, Balikpapan)
3. Kami menyediakan transportasi antar Jemput dari Stasiun/Bandara ke Tempat Pelatihan(Hotel) bagi perusahaan yang Running minim 2 Orang
4. Harga dilampirkan di Brosur Penawaran

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Tambahan Informasi :

1. Silahkan tanyakan ketersediaan Tanggal dan Waktu dari jadwal training terbaru apabila anda tidak menemukan waktu yang sesuai dengan jadwal anda.

2. Training dapat disesuaikan dengan kebutuhan perusahaan jika dalam bentuk In-House Training. Silahkan baca ketentuan In-House Training diwebsite kami atau hubungi kami di Nomer Mobile untuk mendapatkan Fast Respon.

3. Silahkan mengisi Form Request Training di website kami untuk mendapatkan informasi tambahan yang belum ada, atau jika anda ingin menanyakan usulan materi sesuai kebutuhan perusahaan. Hubungi kami lewat email yang tertera atau Register disini!

4. Apabila telah menerima Silabus Training, Customer dapat Request Waktu Training yang diinginkan.

5. Informasi dan Data yang jelas akan memudahkan kami untuk segera merespon permintaan anda.

Customer Dapat Request Tempat, Waktu, serta Fasilitas Training. Silahkan Hubungi kami untuk Menerima Brosur Penawaran.