Budgeting & Cost Control Training (1 day)
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Businesses often encounter financial difficulties as a result of either inadequate budgeting or errors within the compilation of the budgets. This Budgeting & Cost Control Training Course takes a practical approach to financial planning for the organisation and considers: the compilation of budgets; how to identify potential problems arising and suggests actions which can be taken. It also looks at ways of improving financial control using budgets, so as to avoid reduced profits and/or financial problems. It also provides opportunities for participants to apply the course content to practical examples.
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Budgeting & Cost Control Training Course Objectives:
•Basic concepts explained
•Budget types
•Analysing variances and corrective action
•Updating and Flexing the budget
•Preparing the budgets and forecast
•Budgeting to control costs
