Budgeting and Cost Control


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Good financial management should ensure that staff in charge of delegated budgets, both for administration costs and programme expenditure, have clear guidance on the size of the budgets, what they may be used for and how far they can be varied. For many managers, the company’s financial statements remain a mystery. However, as these managers move into increasingly higher positions, discussions regarding financial performance become more regular. A basic understanding of both financial statements and project evaluation tools is a necessity in order to make rational decisions and contribute to discussions intelligently.


  • Understand the nature and structure of financial statements
  • Learn the major elements of financial statements
  • Understand the purpose of a budget
  • Know how to link budgets to performance indicators, organisational finance, strategies and objectives
  • Discover how to control, monitor and prepare human resources budget
  • Understand budget metrics and their influence on corporate strategy
  • Know how to compile and interpret budgets
  • Understand how to manager budget variances
  • Gain hands-on-experience on building a budget
  • Learn how to accurately report expense and return on the budget
  • Understand how budgets can be used to monitor and control a business
  • Key components and cost factors in a budget
  • Gain techniques for appraising investment projects
  • Understand the principles of responsibility accounting and techniques for performance evaluation
  • Understand costing and break-even
  • Learn how to monitor and control a budget

Course Content

Below is an example of the course content. The content can be 'tailored' to meet the exact requirements of the client.

Day One
Fundamentals of the budgeting process
  • The purpose of budgeting
  • Benefits of budgeting
  • The budget process
Financial statements
  • Key financial terms
  • Statement of profit and loss
  • Statement of balance sheet
  • Cash flow budget
Cost, revenue and profit
  • Fixed cost and stepped fixed cost
  • Variable cost and semi variable cost
  • Direct and indirect cost
  • Costing techniques
  • Decision making technique: Cost Volume Profit Analysis (CVP)
Day Two
The planning and control cycle
  • Planning
  • Executing
  • Reporting
  • Reviewing
Stages in the budgeting process
  • Communicating details of budget policy and guidelines
  • Determining the factor that restricts output
  • Preparation of the sales budget
  • Initial preparation of various budgets
  • Negotiation of budgets with superiors
  • Coordination and review of budgets
  • Prepare the final functional, cash, capital expenditures and master budgets
  • Final acceptance of budgets and on-going review of budgets
  • Budget participation and responsibilities
  • Budgeting information and format
Types of budget models and limitations of budgeting
  • Static budgeting
  • Zero-based budgeting
  • Flexible budgeting
  • Incremental budgeting
  • Continuous budgeting
  • Rolling forecast
  • Limitations of budgeting
Day Three
Cost calculations
  • The basic concepts of forecasting
  • Effects of salary and wage increases on overall salary bill
  • Costing of collective contracts
  • Costing of individual contracts
  • The difference between fixed and variable costs
  • Direct and indirect costs
  • Understanding the 'break-even' analysis
Company financing
  • What is equity?
  • Assets versus liabilities
  • The concept of acquisitions, mergers, protection, valuation and financial crisis management
  • Importance of accurately collecting data and report costs
  • Consistency in collecting, compiling, storing and reporting data
  • Assets versus liabilities
  • The concept of acquisitions, mergers, protection and valuation
Budget management
  • Role and responsibilities of a budget manager
  • Scope and content of budget reports: what is expected?


The foundation of our training is anchored in activity-based experiential learning. This methodology takes into consideration different learning and communication styles, and more importantly language and cultural differences. It is through active participation that the adoption and application of theory is expedited.

Our training team pays careful attention to planning and designing effective instructional methods essential for the transfer of knowledge. It is the creative skill of our management trainers and consultants that reveal untapped skills of the delegates through:

  • Group discussion
  • Individual and syndicate activities
  • Individual and group tasks
  • Case studies
  • Role plays
  • Audio and video evaluation
  • Action planning
  • Experiential learning games
  • Presentations
  • Assessments
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10 Dec 2019 - 12 Dec 2019


8:00 am - 2:00 pm


Abu Dhabi


Abu Dhabi
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