A Highly Interactive Training Course On

Effective Budgeting & Operational Cost Control

Planning, Managing and Measuring Performance for Organisational Success

09-13 Dec 2024
Kuala Lumpur
$5,950
10-14 Feb 2025
Houston
$6,950
21-25 Apr 2025
London
$5,950
21-25 Jul 2025
Dubai
$5,950
15-19 Sep 2025
London
$5,950
08-12 Dec 2025
Kuala Lumpur
$5,950
05-09 May 2025
Online
$3,950
10-14 Nov 2025
Online
$3,950

Course Overview

The Effective Budgeting & Operational Cost Control training course is essential for managing financial performance and maintaining competitiveness. Effective budgeting and cost control practices enable organizations to adopt best practices and utilize planning tools that add value for customers and shareholders. The course covers critical activities such as budget preparation, analysis, and cost management, which are fundamental to achieving long-term strategic goals.

This Effective Budgeting & Operational Cost Control training course is crucial for anyone involved in the budgeting process and cost management, including those with budget responsibilities at the departmental, business unit, project, or organizational level. By exploring these areas in detail, participants will gain the skills needed to effectively manage budgets and control costs, ensuring their organization remains competitive and aligned with its strategic objectives.

This COPEX course will feature:

  • Practical management accounting applications
  • The budget process and best practice
  • Traditional and alternative methods of budgeting and cost control
  • Purposes and benefits of cost analysis
  • KPIs and the balanced scorecard

Training Objectives

By attending this COPEX training course you should achieve these goals:

  • Implement the budgeting process
  • Identify the various types of cost behaviour
  • Consider traditional and innovative approaches to budgeting and cost control
  • Carry out cost analysis
  • Use a balanced scorecard

Who should Attend?

This COPEX training course is suitable for a wide range of professionals, greatly benefiting those with direct or indirect budget responsibilities within a team, department, division or at the corporate level. This training course is suitable for first appointment professionals on fast-track development programmes, and for all professionals from every business discipline and department who are involved in the budget process, and include those employed in:

  • Financial planning, costing and control
  • Departmental planning and management
  • Cost centre, revenue centre, profit centre, investment centre management
  • Manufacturing, production, engineering, human resources, marketing, and sales
  • Project management

Training Outline

Day One: Introduction: Building A Common Financial Language
  • The key role of budgeting and cost control in contemporary organisations
  • Budgetary planning and control
  • The importance of value – for customers and shareholders
  • Financial accounting and management accounting
  • Integrating the financial and non-financial aspects of budgeting
  • Financial planning and the budgeting process
Day Two: The Budgeting Process
  • The key features of budgeting
  • Advantages and disadvantages of budgeting
  • Divisionalisation and responsibility accounting
  • Operating budgets: zero-based, incremental, and activity-based
  • Capital budgets
  • Cash budgets
Day Three: Cost Analysis
  • Different costs for different purposes
  • Fixed costs and variable costs
  • Cost-volume-profit (CVP) analysis
  • Contribution and marginal costing
  • Absorption costing
  • Decision-making
Day Four: Traditional And Advanced Techniques Of Cost Control
  • Indirect costs (overheads) and direct costs
  • Under-costing and over-costing: the consequences for profitability
  • Traditional cost allocation systems and activity based costing (ABC)
  • Refinement of the costing system
  • Activity based budgeting (ABB)
  • Standard costing, flexed budgets, and variance analysis
Day Five: Beyond the Budgets, The Balanced Scorecard And Six Sigma
  • Broadening performance measurement systems
  • Innovative approaches to costing
  • Integrating financial and non-financial performance measures
  • The balanced scorecard
  • Strategy maps
  • Six sigma

Certificates

  • COPEX Certificate of Attendance will be provided to delegates who attend and complete the course

We can customize this
training course for you!

At Copex Training, we offer customizable courses designed to fit your specific needs. whether it's refining procurement practices or enhancing leadership and management skills, we tailor our programs to meet your unique goals and challenges. Let us create a training solution that delivers real results for your team.
Learn More About In-house Training

Got some questions? Look here.

This FAQ section provides quick answers to the most common questions about our services, procedures, and policies. We aim to make your experience with us as straightforward as possible. For further assistance, our support team is ready to help.

How can I register?

There are several ways to register in our public training courses:
Online – Browse the Training Plan, select the course of choice, click on the button
“Register Now” inside the course outline page.
E-mail – Send the details (name, company name, email address and training course of
choice) of your nomination to [email protected]
Telephone – +971 4 368 6886 or +971 50 106 2750

When will I receive the confirmation for my registration/s?

Upon successful registration, processing window will take not more than 24 hours from the time of registration. An email including the registration confirmation, invoice and joining instructions will be sent to the provided email address.

What is included in the training fee?

Published training course fees are inclusive of the training venue, training manual, writing materials, lunch and coffee breaks with refreshments over the entire duration of the training course.

What are the available payment methods?

The training course fee can be settled by either:

  • Bank transfer
  • Credit Card

How many hours per day, and what are the timings of your training courses?

Our training courses will run for 5 hours per day. The standard daily timing is from 8:30 am – 3:30 pm including the coffee/tea breaks and lunch.

Where do you usually hold your training courses?

Our training courses courses are being held at five-star hotels in prime and iconic destinations across the globe. Cities such as Amsterdam, Barcelona, Dubai, Geneva, Istanbul, Kuala Lumpur, London, Houston, New York, Paris, Vienna, Zurich, etc.

Do you provide hotel booking assistance to your delegates?

Once officially registered, we can assist by providing the corporate rates provided by the hotel where the training course will be conducted. Early confirmation will enable us to secure the room at reduced rates

In case of failure to attend, what is your cancellation policy?

Our cancellation policy varies depending on the circumstances presented. Generally, cancellations must be initiated in formal writing at least 14 days prior to the commencement date of the training course. Further, the option to shift an existing registration to another training course on a later date is possible. Otherwise, a full refund will be initiated.

What will I receive after the training course?

Delegates who will attend and successfully complete the training course will earn a COPEX Certificate of Completion. This certification is designed to validate the successful knowledge transfer, and that the desired learning objectives and outcomes to further advance your professional competency are achieved.