Training course overview
The Budgeting and operational cost control training course provides a necessary focus for the management of financial performance. But it is effective budgeting and operational cost control that enables organisations to remain competitive through adopting best practice and using appropriate tools of planning and control to add value for customers and shareholders. Budget preparation, and analysis, management and control of costs are the essential activities to ensure that long-term strategies are met.
Each of these areas, which are covered during this training course, are essential for all those involved in the budgeting process and cost management, and all those having budget responsibility whether it is at the departmental, business unit, project, or organisational level.
This Coventry Academy course will feature:
- Practical management accounting applications
- The budget process and best practice
- Traditional and alternative methods of budgeting and cost control
- Purposes and benefits of cost analysis
- KPIs and the balanced scorecard