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Budgeting & Accounting

Effective Budgeting & Operational Control


The Effective Management of Budgets and Operational Costs is a must for leading modern organizations successfully. Nowadays, if organizations want to stay competitive, they are urged to think, plan and act in terms of value added to customers and shareholders. Budgets are essential in this context. Proper planning, as well as tracking, controlling & reducing cost represent crucial activities to be performed and monitored as strategies get executed. In addressing these issues, this training course is relevant for those professionals and analysts facing the difficult challenge of improving performance while reducing costs for the business and processes they are accountable for.


By the end of the course, participants will be able to:

  • Master the Budgeting Process
  • Understand Costs Behaviour
  • Explore Traditional & Innovative Approaches to Budgeting & Cost Control
  • Improve Cost Savings Activities
  • Manage KPIs and Balanced Scorecard

Target Audience

The training course is suitable to First Appointment Professionals on Fast-track Development Programs, and to Professionals from Every Business Discipline and Department who have to run Budgetary Plans, and who are responsible for Cost and Strategic Analysis, including:

  • Financial Planning & Control Staff
  • Those with Direct or Indirect Financial Responsibilities
  • Those from Every Business Discipline and Department Who Have to Run Departments and Budgetary Plans, and Who are Responsible for Cost and Strategic Analysis
  • Those from All Sectors of Industry, Irrespective of Functional Responsibilities, But Particularly Those Involved in Manufacturing, Production, Engineering or Sales
  • Those Working in a Project Management Environment

Budgeting & Accounting Outline

The course will cover the following topics:

  • Understand the Role of Budgeting and Costing in Modern Organizations
  • Link Budgeting with Strategic Planning
  • Explore the Budgeting Process
  • Analyse OPEX and CAPEX
  • Understand Cost Classification
  • Use Contribution Margin Analysis
  • Manage Direct and Indirect Costs
  • Explore Variance Analysis
  • Understand Performance Measurement and Management
  • Select KPIs and Develop proper Dashboards and Scorecards


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