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The Essentials of Budgeting & Cost Control

An Intensive 5-day Training Course

The Essentials of Budgeting & Cost Control

Practical Financial Planning and Budgetary Control

UPCOMING SESSIONS

Classroom sessions
DateVenueFee
07-11 Apr 2025Sao Paulo - Brazil$5,950RESERVE A SEAT
28 Apr-02 May 2025Dubai - UAE$5,950RESERVE A SEAT
28 Jul-01 Aug 2025London - UK$5,950RESERVE A SEAT
11-15 Aug 2025Sao Paulo - Brazil$5,950RESERVE A SEAT
10-14 Nov 2025Dubai - UAE$5,950RESERVE A SEAT
24-28 Nov 2025Sao Paulo - Brazil$5,950RESERVE A SEAT
02-06 Feb 2026London - UK$5,950RESERVE A SEAT

Training Course Overview

Budgeting and Cost Control are indispensable for modern organizations. This The Essentials of Budgeting & Cost Control training course equips participants with essential skills in Budgeting & Cost Control, vital internal tools for planning, monitoring activities, and sustaining performance. Budgets play a crucial role in both strategy formulation and execution, relying heavily on effective Cost Control and accurate analysis of financial data. Understanding cost behavior is pivotal for generating realistic plans and ensuring adequate allocation of financial and non-financial resources to support business objectives.

Participants in this training course will gain proficiency in traditional budgeting and control methods, alongside innovative approaches that adapt to today's intricate business landscape.

Training Course Objectives

By attending this Anderson training course, delegates will be able to:

  • Master the essential component of costing and budgeting
  • Understand fixed and variable costs, direct and indirect, OPEX and CAPEX
  • Link innovative approaches to cost savings
  • Improve capital budgeting
  • Measure and Manage the performances that matters

Designed for

This Anderson training course is suitable to a wide range of professionals but will greatly benefit those with direct or indirect budget responsibilities within a Team, Department or Division. Moreover, the course is suitable to first appointment professionals on fast-track development programs, and to professionals from every business discipline and department who have to run budgetary plans, and who are responsible for cost and strategic analysis, including:

  • Financial Planning & Control Staff
  • Those with direct or indirect financial responsibilities
  • Those from every business discipline and department who have to run departments and budgetary plans, and who are responsible for cost and strategic analysis
  • Those from all sectors of industry, irrespective of functional responsibilities, but particularly those involved in manufacturing, production, engineering or sales
  • Those working in a project management environment

The Course Outline

Day One: Management Control
  • Budget target-setting, participation and control
  • Strategic planning, budgeting and management control systems
  • Key elements of planning: setting objectives, and responsibility accounting
  • The role of financial control, and management accounting concepts
  • Advantages and disadvantages of budgeting
  • Budgeting within your organisation
Day Two: Budgeting and Cost Control
  • The essential stages of the budgeting process
  • Types of budgets, incremental and zero-based budgeting
  • Budget preparation: operating budgets and cash budgets
  • Variable costs and fixed costs
  • Contribution and marginal costing
  • Decision-making using marginal costing, and cost/volume/profit (CVP) analysis
Day Three: Traditional, and Activity Based Costing & Budgeting
  • Costs and activities
  • Direct costs and indirect costs, product costs and period costs
  • Cost allocation and absorption costing
  • Product cost cross-subsidisation, and activity-based costing (ABC)
  • Activity based budgeting (ABB)
  • Budgetary control: standard costs, flexed budgets and variance analysis
Day Four: Capital Budgeting
  • Capital investment costs and operating costs
  • Accounting rate of return (ARR) and payback
  • Discounted cash flow (DCF), and net present value (NPV)
  • Cost of equity, cost of debt, and the weighted average cost of capital (WACC)
  • Internal and modified internal rate of return (IRR/MIRR), and discounted payback
  • Capital rationing, budgeting and the profitability index (PI)
Day Five: Linking Financial and Non-Financial KPIs
  • Planning for world class performance
  • Drivers of corporate and shareholder value, and financial strategy
  • The changing cost base and alternative approaches to costing
  • The conflicts between accounting and business performance measurement
  • Integrating financial and non-financial key performance indicators (KPIs)
  • The balanced scorecard

The Certificate

  • Anderson Certificate of Completion will be provided to delegates who attend and complete the course

 

Course Enquiry

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    How can I register for a training course?

    There are several convenient ways to register for our training programs:

    • Online: Explore our training calendar, choose the course that suits your needs, and click the “Register Now” button on the course details page.
    • Email: Share your details, including your name, organization, email address, and selected course, by sending an email to  [email protected]
    • Phone: Reach out to us directly at +971 4 273 3503, and our team will guide you through the registration process.

    When will I receive confirmation of my registration?

    Once your registration is successfully completed, you will receive a confirmation email within 24 hours. This email will contain your registration details, invoice, and the necessary joining instructions for the course.

    What does the training fee cover?

    The training fees include full access to the training venue, along with comprehensive training materials to enhance your learning experience. Additionally, participants will be provided with writing supplies and stationery. To ensure comfort and convenience, the fee also covers lunch and refreshing coffee breaks throughout the duration of the course.

    Where are your training courses held?

    Our training programs are hosted at luxurious five-star hotels in prestigious destinations across the globe. Some of our popular locations include Dubai, London, Kuala Lumpur, Amsterdam, New York, Paris, Vienna, and many other iconic cities.

    Can I request customized corporate training?

    Yes, we offer tailored corporate training solutions to meet your organization’s specific needs. Please contact us at [email protected] or call +971 4 273 3503 for more information.

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