Video-Enhanced On-Line Planning, Costing and Budgeting for Executive Decision-Making

HRODC Postgraduate Training Institute
In Amsterdam (Netherlands), Durban (South Africa), Dubai (United Arab Emirates) and 7 other venues

£ 3,350 - (Rs 2,81,136)
VAT not incl.
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Important information


Limited Objectives: Participants attending the programme will: Understand stages in the planning process. The multiple functions of budgets. Understand the importance of a well-defined budget process. Learn planning, costing and budgeting terminology used in business. Master techniques for cost-benefit analysis. Learn how to construct profit, cash and balance sheet plans and budgets.
Suitable for: This course/seminar is designed for: Managers with direct financial responsibilities, Executives who need to evaluate plans for approval and variance reports for corrective action, Managers who need to improve their skills in constructing and controlling their budget, Supervisors from every discipline and department who have to manage departments and plan, cost, and budget during their business careers, etc. Cost and management accountant. Financial planners and cost analysts

Important information

Where and when

Starts Location
On request
Damrak 1-5, 1012, Noord Holland, Netherlands
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On request
South Sathon Road, 10120, Bangkok, Thailand
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On request
City of London
Kendal Street, London, England
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On request
Coral Deira Hotel, Muraqabat Street, Deria, Dubai, 82999,, 82999, Dubai, United Arab Emirates
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On request
Walnut Road, 40001, Johannesburg, South Africa
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Frequent Asked Questions

· Requirements

Degree or Work Experience

What you'll learn on the course

Basic Grammar
Bachelor Degree

Course programme

Course Contents, Concepts and Issues:

The Need for Financial Control in Business

  • Understanding accounting and accounting process
  • Management account versus financial accounting and financial management
  • Cost behaviours in Cost-Volume-Profit scenarios
  • Breakeven technique and targeted net income scenarios
  • Business cases with master budgets
  • Benefit-cost analysis

Capital Costs and Investment Appraisal

  • Understanding the concept of time value of money
  • Estimating cash flows within the business system
  • Understanding Pay Back period, Accounting Return of Return, Net Present Value (NPV) and Internal Rate of Return (IRR)
  • Defining the approval criteria and review process
  • Post-implementation audits of capital projects
  • Sensitivity analysis and uncertainty
  • Monte Carlo simulation techniques in budgeting

Cost Volume Profit Analysis

  • Identifying relevant and irrelevant costs in complex decisions
  • Complex applications of C-V-P analysis
  • Multiple products and services C-V-P
  • Evaluating C-V-P before and after implementation
  • Special sales orders and/or segment analysis
  • Make or buy decisions

Full Costing, Marginal Costing and Activity Based Costing

  • Understanding full and marginal costing, a comparison
  • Understanding cost bahaviour, Direct and indirect costs in budgeting for decision making
  • Role of costs in pricing strategies
  • Overhead analysis and overhead allocation methods and difficulties
  • Performance evaluation and variance analysis of materials, labour, & overhead in manufacturing and services
  • Understanding advanced costing techniques such as Activity Based Costing (ABC) in manufacturing and services

Budget Construction and Control

  • Budgeting as part of planning process and as a communication process
  • Nature and purpose of budgets for planning and control
  • Budgetary control and variance analysis
  • Responsibility centres: cost, profit and investment
  • Segment reporting internally and externally
  • An introduction to Activity based budgeting
  • An introduction to Zero based budgeting

Achievements for this centre

Additional information

HRODC Postgraduate Training Institute is registered with the UK Registry of Learning Providers (UKRLP) of the Department for Business, Innovation and Skills (BIS), formerly Department of Innovation, Universities and Skills (DIUS).

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