Effective Budgeting & Operational Cost Control

Code : FA018
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Why Attend This Training Course?
Traditional methods of cost cutting, such as reducing headcount and support functions, are failing to improve profit margins and deliver long-term savings. Therefore, companies that need to reduce costs should treat the challenge as an opportunity to identify and reinforce their key capabilities, while divesting those activities that do not truly reflect the business’s strengths or long-term goals. This more strategic approach will make your company more resilient as tough times continue and more robust as recovery begins. Our professionals can help your organization meet business needs by tackling key cost components through Strategic sourcing, reduction of spending demand management, IT consolidation and optimization, Consolidating IT platforms, hardware, and infrastructure and data.

What Is The Training Course Methodology?
ACAD Corp’s methodology depends on enabling participants to interact and exchange experiences, explore their competencies and achieve their career aspirations, using forward-thinking training arts, such as Theoretical Lectures, Workshops, Open discussion to exchange opinions and experiences, Scenarios, innovative thinking brainstorming and teamwork, Role-play and simulation, and Audiovisual tools and materials. Participants will receive an agenda including training material as a reference, in addition to some extra notes and booklets. Training material will be presented in English and Arabic.

Who Should Attend This Training Course?
The training course is designed for all managers, supervisors and analysts who prepare or use management budgets.

What Are The Training Course Objectives?
  • Demonstrate how the budget relates to the key financial statements: balance sheet, income statement, and cash flow
  • Prepare the key elements of an operating and capital budget and evaluate the different budgeting approaches used
  • Apply cost control tools, analyze management variance reports and take proper corrective action
  • Calculate different capital budgeting evaluation techniques as included in a capital expenditure proposal

What Is The Training Course Curriculum?
Planning and the Functions of Management
  • The critical functions of management
  • Aligning the budget with the strategy of the organization
  • Road map to strategy
  • Budget as a planning tool
The Key Financial Statements
  • The accounting system
  • The income statement
  • The balance sheet
  • The cash flow statement
Budgeting: Process and Approaches
  • The advantages of budgeting
  • The budget process
  • Rolling budgets
  • The master budget
  • Operating and capital budgets
  • The budgeted financial statements
Cost Control
  • Budget as a control tool
  • The control process
  • Characteristics of an effective control system
  • Responsibility reporting
Capital Expenditure Budgeting and Analysis
  • Time value of money
  • Simple verses compound interest
  • Identifying and analyzing cash flows
  • The discount rate: using cost of capital

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Course Details
Personal Details
ACAD Professional Certificate - APC
ACAD Training & Consulting uses the power of its network to bring about positive, tangible change. We champion the training courses profession and the interests of individuals, engaged in that profession, for the benefit of all. ACAD Professional Certificates are designed for those who are enthusiastic to challenge themselves to reach the extra mile. Participants who fully attend an APC course and successfully pass the exam on the last training day, will receive an ACAD Professional Certificate (APC). APC are regionally recognized and can be esteemed when applying for more senior roles in Egypt and MENA region.

Exam Details:

Duration: 1 hour | Multiple Choice | Closed book | Pass mark: 65%

Course Schedule

07 - 11 May
10:00 AM To 3:00 PM
Live Online Training
5 Sessions
22 - 26 Oct
10:00 AM To 3:00 PM
Cairo, Egypt
6 Sessions

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