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Open Seminar

Mastering Budgeting & Cost Control

开课时间

2013-01-23 09:00 - 2013-01-23 16:00

地点

No. 2025 West Zhongshan Road, Shanghai (Subway Line 1, Line 3, Line 4 or Line 9)

价格

RMB 2,180/person

授课语言

in English

参加对象

budget holders, cost centre managers, and those who manage department or event budgets who wish to acquire first principles and techniques, or discuss challenges and solutions in implementation of budgeting and cost control practices in Asia region

培训目的

This purpose of this seminar is to help participants develop the skills to manage departmental budgets, monitor divisional costs and apportion department expenses on an appropriate basis as well as communicate on budgets in the context of multi-cultural teams; after attending this training participants should be better prepared to:
•       Reduce the time to produce a budget.
•       Deal with opportunities in the face of budget restrictions.
•       Include contingencies for future uncertainty.
In particular, this training will focus on skills and techniques in order to
•       Review the benefits and drawbacks of different budgeting methods, and when to use each approach.
•       Use a structured approach to prepare a budget.
•       Understand how costs behave to help with budgeting for expenditure.
•       Budget appropriately for risk and defend budgeted contingencies.
•       Manage financial performance, understanding variances and taking action to achieve your budget and objectives.

课程大纲

Budgeting Preparation
Case study: reviewing a simple budget scenario
Nature and behavior of costs
Understanding different costing methods and their relevance to decision making and budgeting  
Stock forecasting and how to calculate the minimum quantity needed
Apportioning overheads
Facing the Actuals
What are the variances and why are they important?
Understanding the significance of changes in variances
Flexing the budget
The Cash Budget
Why they are needed. Do high profits necessarily mean everything is going well?
Presenting the Departmental Budget
Personal Development
Action planning - the essential next steps