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Practical Budgeting and Cost Control Techniques

RM1,100.00

How Will You Benefit

Upon completion of this programme, the participants will be able to :

  • Show how budgets, corporate objectives and long-term plans are related
  • Explain the interlinking of the various budgets within the business
  • Construct various budgets, including the master budgets from relevant data
  • Use a budget to provide a means of exercising control over the business
  • Master the skills that are needed for budgeting succession
  • Understand why managers need to measure and manage budgeting

Who Should Attend

This program is suitable for Accounts Clerk, Assistants & Supervisors, Office Administrators, Administrative Assistants, new Accounting/Finance Personnel, Non-Financial Executives and all who need to learn about budgeting and costing.

Methodology

This stimulating program will maximize the understanding and learning through interactive lectures, practical exercises, discussions, and Q & A session.

Module

  • OVERVIEW OF BUDGETING
    • Stages In The Budgeting Process And Its Functions
  • TYPES OF BUDGETS
    • Sales Budget
    • Production Budget
    • Production Cost Budget
    • Ending Inventory Budget
    • Cost Of Goods Sold Budget
    • Selling Expenses Budget
    • Administrative Expenses Budget
    • Budgeted Income Statement
  • THE COMPONENTS OF FINANCIAL BUDGET
    • Capital Expenditure Budget
      Cash Budget
      Budgeted Balance Sheet
      Cash Flow Budget
  • APPROACHES TO BUDGETING
    • Fixed Budgeting Approach
    • Flexible Budgeting Approach
    • Incremental Budgeting Approach
    • Activity-Based Budgeting Approach
    • Zero-Based Budgeting Approach
    • Continuous Budget
    • The Distinctive Features Of Each Approach To Budgeting
  • PREPARING A MASTER BUDGET
    • The Preparation Of Master Budget
    • Operating Budgets And Financial Budgets
  • BUDGETARY CONTROL – COMPARING ACTUAL AND PLANNED RESULTS
    • Different Types Of Controls And Budgeting Control System
    • Controlling Discretionary Expenditures:
      • Implementing Budgeting
      • Zero-Based Budgeting
      • Project Funding
  • STANDARD COSTING AND VARIANCE ANALYSIS
    • Standard Cost And Budgetary Control
    • Variance Analysis
  • STRATEGIC THEMES FOR THE FINANCIAL BUDGETING PERSPECTIVE
  • Measuring Strategic Financial Budgeting Themes
  • Revenue Growth And Mix
    • New Applications
    • New Customers And Markets
    • New Relationships
    • New Product And Service Mix
    • New Pricing Strategy
  • Cost Reduction/Productivity Improvement
    • Increase Revenue Productivity
    • Reduce Unit Costs
    • Improve Channel Mix
    • Reduce Operating Expenses
  • Asset Utilization/Investment Strategy
    • Cash To Cash Cycle
    • Improve Asset Utilization
  • TARGET, RESOURCE ALLOCATION, INITIATIVES AND BUDGETS
    • Identify And Rationalize Strategies Initiatives & Business Initiatives
    • Link To Annual Resources Allocation And Budgets

Fee: RM 1,100 per pax

Loyalty Points: 1100 Points

Duration: 2 Days

Note: In-house course is available. Request it HERE

Trainer

Wendy Tee Leap Sing

Biodata:
Wendy Tee Leap Sing graduated with a Master in Business Administration (1998) and Master of Information Technology (2000) from Universiti Malaya (UM). She is also a Certified Financial Planner (CFP) of the Financial Planning Association of Malaysia (2002). The UM-Certified Business Coach (2010) is a Registered Financial Planner (RFP) of the Malaysian Financial Planning Council (2006). Wendy is also a Certified Train the Trainer of the Pembangunan Sumber Manusia Berhad (PSMB) (2006) and a Certified Advance Human Resource Practitioner of the Malaysian Institute of Human Resource Management (MIHRM). She has passed the GST Agent examination and GST examination conducted by the Royal Malaysian Customs Department (RMCD).She has over 15 years of experience in senior management positions for diversified industrial and business environments. For the past ten years, she has been involved in lecturing and training.

Venue

Date

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Download

Download the course contents and registration form HERE: