Effective Budgeting and Cost Control

Course Introduction

Course Objectives

• Identify the essential concepts of accounting, budgets, and finance, and their role in setting budgets and controlling costs.
• Develop a budgeting process based on cost measurement.
• Master building and developing budgets according to the organization's nature.
• Master controlling the strategic costs.
• Identify and apply cost reduction methods.
• Master analyzing the relationship between cost, volume of production, and profits.
• Master the identification and development of cost management steps according to the organization's perspective.
• Integrate performance budgeting into the organization's budget formulation process.