Budgeting and Cost Control

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يرجى النقر لعرض مخطط الدورة العربية


March 17 to March 19 Abu Dhabi, United Arab Emirates Register
October 08 to October 10 Dubai, United Arab Emirates Register


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.


Managers and Finance professionals who would like to gain the skills, knowledge and guidance on how to manage budget responsibilities effectively.


  • 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
  • Budget metrics and their influence on corporate strategy
  • Compile and interpret budgets
  • Managing budget variances
  • Gain hands-on-experience on building a budget
  • How to accurately report expense and return on the budget
  • How budgets can be used to monitor and control a business
  • Key components and cost factors in a budget
  • Techniques for appraising investment projects
  • Understand the principles of responsibility accounting and techniques for performance evaluation
  • Understand costing and break-even
  • Monitor and control a budget


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

  • What is the Budgeting Process?
  • How Does it Work?
  • Types of Budgeting
  • Analysis of the Different Types of Budgeting
  • Advantages and Disadvantages of the Different Types
  • Ensuring Full Management Control
  • Purpose and Importance of Budgets
Fundamentals of the Budgeting Process
  • The Budgeting Cycle
  • The Importance of Cost Control
  • Planning Revenue and Expenditure
  • Monitoring Plans Against Actuals
  • Gathering the Facts
  • Understanding the Business Strategy 1/2/5 Years
  • Building Capability
  • Constructing a Budget to Fit with the Organisation
  • Estimating Costs and Revenues
  • The Control Process
  • Updating Budgets and Forecasting
Building a Budget
  • Successful Forecasting
  • Flexible Budgeting
  • Zero-Based Budgeting
  • Counting the Cost of HR
Budget Metrics
  • Budgets and Return On Investment (ROI)
  • Budgets and Discounted Cash Flows
  • Budgets and Internal Rate of Return (IRR)
Financial Statements
  • Accounting System
  • Income Statement
  • Balance Sheet
  • Cash Flow Statement
Developing the Budget
  • Understanding Cash Flow
  • Forecasting and Budgeting
  • Types of Budgets:
    • Flexible Budgeting
    • Zero-Based Budgeting
  • Budget Preparation
Measuring Financial Performance
  • Monitoring Budget Performance
  • Variance Analysis
  • Management by Exception
  • Accountability and Responsibility
Cost Volume Profit Analysis (CVP)
  • Identifying Fixed Costs and Variable Costs
  • Assumptions of CVP Analysis
  • CVP in Budgeting Decisions
Cost Calculations
  • The Basic Concepts
  • 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 vs. Liabilities
  • The Concept of:
    • Acquisitions
    • Mergers
    • Protection
    • Valuation
    • Financial Crisis Management
  • Importance of Accurately Collecting Data and Report Costs
  • Consistency in Collecting, Compiling, Storing and Reporting Data
  • Assets vs. Liabilities
  • The Concept of:
    • Acquisitions
    • Mergers
    • Protection
    • Valuation


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
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Abu Dhabi

P.O. Box 44705, Abu Dhabi,
United Arab Emirates
Phone: +971 2 6740340
Fax: +971 2 6743554

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for VAT purposes, only in the UAE


P.O. Box 334058, Dubai,
United Arab Emirates
Phone: +971 4 2566414
Fax: +971 4 2566424

Tax Registration Number:
for VAT purposes, only in the UAE