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5
Days
Days
Course Schedules
Training course overview
Budgeting and Cost Control are essential for managing contemporary organizations effectively. This Coventry Academy Online training course is designed to help you master crucial internal tools for planning, monitoring, and sustaining performance over time. Understanding the link between budgeting and strategy formulation is key, as accurate budgets rely on precise cost control and analysis. This course will equip you with both traditional and modern approaches to budgeting and cost control, enabling you to produce realistic plans and allocate resources effectively in today's complex business environment.
What are the goals?
By attending this Coventry Academy online training course you should achieve these goals:
- Master the Essential Component of Costing and Budgeting
- Understand Fixed and Variable Costs, Direct and Indirect, OPEX and CAPEX
- Link innovative approaches to Cost Savings
- Improve Capital Budgeting
- Measure and Manage the Performances that Matters
Who is this training course for?
This Coventry Academy online training course is suitable to a wide range of professionals but will greatly benefit those with direct or indirect budget responsibilities within a Team, Department or Division.
Moreover, 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
Course Outline
Amongst a wide range of valuable topics, the following will be prioritised:
- Understand how Strategy Execution is linked to Budgeting and Costing
- Focus on the Key Role of Management Accounting
- Explore the Concept of Accountability
- Explore how Budgets are Built and Developed
- Understand Fixed and Variable Costs, and Cost-Volume-Profit Analysis
- Master Cost Allocations
- Explore the Advantages of Activity-Based Costing
- Understand Capital Budgeting
- Master Performance Measurement
- Develop Balanced Scorecards
The certificate
- A Coventry Academy e-Certificate will be provided to delegates who attend and complete the online training course