BEGIN:VCALENDAR VERSION:2.0 PRODID:-//Eventin//Event Calendar//EN CALSCALE:GREGORIAN METHOD:PUBLISH BEGIN:VEVENT UID:bb0d7e847d53ff0dca3a2dd3c6ecb913@egytraining.org SUMMARY:Essentials of Budgeting &\; Cost Control Training DESCRIPTION:Introduction\nPlanning and management control are essential com ponents for contemporary organizations. The Essentials of Budgeting & Cost Control training course is designed to equip you with widely used tools and techniques necessary for short-term planning\, monitoring\, and sustaining performance through budgeting and budgetary control.\nCost control and bud geting are inextricably linked\, with cost control management playing a cru cial role in effective financial oversight. Realistic budgets rely on accur ate cost analysis and forecasting\, and it's critical to understand cost be havior to plan realistically and implement appropriate financial and non-fi nancial performance measures. This course will guide you in mastering best practices such as using flexed budgets to calculate variances against actua l performance\, enabling you to take corrective actions promptly.\nCourse O bjectives\nBy the end of the course\, you will be able to:\n\nDevelop an in tegrated planning\, budgeting\, and reporting process to streamline decisio n-making and organizational alignment.\nActively participate in the budgeti ng process within your organization\, understanding all stages of cost cont rol.\nAnalyze cost behavior and manage costs more effectively for better fi nancial control.\nMaster both traditional and innovative approaches to budg eting and cost control\, optimizing resource allocation.\nSelect appropriat e performance measurement systems and KPIs to track organizational performa nce efficiently.\n\nCourse Outlines\nDay 1: Management Control\n\nSetting b udget targets\, participation\, and control.\nStrategic planning\, budgetin g\, and management control systems.\nKey elements of planning: setting obje ctives and responsibility accounting.\nThe role of financial control and ma nagement accounting concepts.\nAdvantages and disadvantages of budgeting wi thin your organization.\n\nDay 2: Budgeting and Cost Control\n\nThe essenti al stages of the budgeting process.\nTypes of budgets: incremental and zero -based budgeting.\nBudget preparation: operating budgets and cash budgets.\ nUnderstanding variable costs and fixed costs.\nContribution and marginal c osting.\nDecision-making using marginal costing and cost/volume/profit (CVP ) analysis.\n\nDay 3: Traditional and Activity-Based Costing & Budgeting\n\ nCost and activities: direct costs vs. indirect costs\, product costs vs. p eriod costs.\nCost allocation and absorption costing.\nAddressing product c ost cross-subsidisation and activity-based costing (ABC).\nActivity-based b udgeting (ABB).\nBudgetary control: standard costs\, flexed budgets\, and v ariance analysis.\n\nDay 4: Capital Budgeting\n\nCapital investment costs a nd operating costs.\nAccounting rate of return (ARR) and payback.\nDiscount ed cash flow (DCF) and net present value (NPV).\nCost of equity\, cost of d ebt\, and the weighted average cost of capital (WACC).\nInternal and modifi ed internal rate of return (IRR/MIRR)\, and discounted payback.\nCapital ra tioning\, budgeting\, and the profitability index (PI).\n\nDay 5: Linking F inancial and Non-Financial KPIs\n\nPlanning for world-class performance.\nD rivers of corporate and shareholder value\, and financial strategy.\nThe ch anging cost base and alternative approaches to costing.\nAddressing the con flicts between accounting and business performance measurement.\nIntegratin g financial and non-financial key performance indicators (KPIs) with the ba lanced scorecard.\n\nWhy Attend this Course: Wins & Losses!\n\nGain hands-o n experience in budgeting and cost control\, using both traditional and inn ovative methods to optimize your organization's financial processes.\nLearn to develop budget templates and implement cost control strategies effectiv ely to monitor and manage financial performance.\nMaster cost control analy sis and improve your ability to evaluate cost behavior\, leading to better management and forecasting.\nObtain practical knowledge on capital budgetin g\, cost allocation\, and marginal costing\, and use them for informed deci sion-making.\nLearn to link financial and non-financial KPIs\, providing a comprehensive view of organizational performance.\n\nConclusion\nThis Essen tials of Budgeting & Cost Control training course is designed to empower yo u with the knowledge and skills necessary to master both budgeting and cost control management. Through practical learning and hands-on experience\, y ou will be equipped to develop realistic\, actionable budgets\, implement r obust cost control strategies\, and manage financial performance effectivel y.\nWhether you're involved in budget preparation or budgetary control\, th is course will help you gain the expertise needed to achieve world-class pe rformance and strategic financial management within your organization. LOCATION:Riyadh DTSTAMP:20260614T234602Z DTSTART:20260621T034500Z DTEND:20260704T210500Z END:VEVENT END:VCALENDAR