Course Outline

Planning and the Functions of Management
- The critical functions of management
- Budget as a planning tool
- Control: The missing link
- Roadmap to strategy
- Aligning the budget with the organization’s strategy
- Planning pitfalls
The Key Financial Statements
- The accounting system
- The income statement
- The balance sheet
- Retained earnings
- The cash flow statement
Budgeting: Process and Approaches
- The advantages of budgeting
- The budget process
- Rolling budgets
- Direct and indirect costs
- The master budget
- Operating and capital budgets
- Approaches to budgeting:
  - Incremental budgeting
  - Zero-based budgeting
  - Flexible budgeting
  - Kaizen budgeting and continuous improvement
  - Activity-based budgeting
- Tools of forecasting
- Characteristics of an adequate budget
- Problems in budgeting
Cost Control
- Budget as a control tool
- The control process
- Characteristics of an effective control system
- Responsibility reporting
- Variance analysis:
  - Identifying the components of variance
  - Taking the corrective action
Capital Expenditure Budgeting and Analysis
- Time value of money
- The discount rate: Using cost of capital
- Simple versus compound interest
- Identifying and analyzing cash flows
- Net Present Value (NPV)
- Internal Rate of Return (IRR)
- Profitability Index (PI)
- Pay-Back Period (PBP)
- Accounting Rate of Return (ARR)
- Approval for Expenditure (AFE)
- Sensitivity and risk analysis
Cost Volume Profit Analysis (CVP)
- Defining fixed costs
- Defining variable costs
- Breakeven point in units
- Breakeven point in dollars
- Computing breakeven point in sales
- Sensitivity analysis: Changing assumptions

Schedule & Fees

2026 Schedule & Fees

USD 2,600

Per participant

29 Nov - 3 Dec, 2026
English

USD 2,600

Per participant

29 Nov - 3 Dec, 2026
Arabic

USD 2,600

Per participant

13 - 17 Dec, 2026
English

USD 2,600

Per participant

13 - 17 Dec, 2026
Arabic

2027 Schedule & Fees

USD 2,600

Per participant

28 Feb - 4 Mar, 2027
English

USD 2,600

Per participant

28 Feb - 4 Mar, 2027
Arabic

USD 2,600

Per participant

14 - 18 Mar, 2027
English

USD 2,600

Per participant

14 - 18 Mar, 2027
Arabic

USD 2,600

Per participant

30 May - 3 Jun, 2027
English

USD 2,600

Per participant

30 May - 3 Jun, 2027
Arabic

USD 2,600

Per participant

13 - 17 Jun, 2027
English

USD 2,600

Per participant

13 - 17 Jun, 2027
Arabic

USD 2,600

Per participant

29 Aug - 2 Sep, 2027
English

USD 2,600

Per participant

29 Aug - 2 Sep, 2027
Arabic

USD 2,600

Per participant

12 - 16 Sep, 2027
English

USD 2,600

Per participant

12 - 16 Sep, 2027
Arabic

USD 2,600

Per participant

28 Nov - 2 Dec, 2027
English

USD 2,600

Per participant

28 Nov - 2 Dec, 2027
Arabic

USD 2,600

Per participant

12 - 16 Dec, 2027
English

USD 2,600

Per participant

12 - 16 Dec, 2027
Arabic

Effective Budgeting and Cost Control

Why Attend

Course Methodology

Course Objectives

Target Audience

Target Competencies

Note

Course Outline

Schedule & Fees

2026 Schedule & Fees

2027 Schedule & Fees

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