Budgeting and Cost Control

Budgeting and Cost Control

  • Overview
  • Course Outline
  • Workshop Instructions
  • Testimonials


Learning Outcomes:

  • Understand the budgeting process
  • Learn to prepare budgets, planning and controlling
  • Impact of budgeting on financial statements
  • Know the various factors that affect cost management
  • Prepare the key elements of an operating and capital budget

Course Outline

Why budgeting is essential?
  • Purpose of budgeting
  • Benefits of budgeting
  • Why budget fails?
  • Budgeting process
  • Types of budgeting
Budgeting: Process & Approach
  • Rolling budgets
  • The master budget
  • Operating and capital budgets
  • The budgeted financial statements
  • Incremental budgeting
  • Zero based budgeting
  • Flexible budgeting
  • Kaizen budgeting and continuous improvement
  • Activity based budgeting
Cost Analysis and Management
  • Understanding cost structure and behaviour
  • Costs as a relationship to outputs cost/volume/price relationship
  • The concept of contribution margin
  • Break-even analysis for planning and control
  • Cost allocation and apportionment
  • Benefit-cost analysis
Costing Methodologies
  • Comparing full and marginal costing
  • Direct and indirect costs in budgeting for decision making
  • Role of costs in pricing strategies
  • Activity-Based Costing (ABC)
  • Managing cost control


Workshop Instructions

  • 24-25 October, 2021 | 10:00 AM to 03:00 PM
  • Regular Fee: USD 620 Per Participant (Exclusive of VAT)
  • Team Offer: Pay for 2 and register 3rd for free
  • Includes: Courseware, and SIMFOTIX Certificate
  • For registration (s) send us your Name, Designation, Organization, and Mobile Number to [email protected]
  • For More Information please contact: Qazi Waqas Ahmed Mobile: +971 56 309 0819; Email: [email protected]



Registration Form