A Highly Interactive Training Course On

The Essentials of Budgeting & Cost Control

Practical Financial Planning and Budgetary Control

Classroom Sessions
03-07 Feb 2025
London
$5,950
07-11 Apr 2025
São Paulo
$5,950
28 Apr-02 May 2025
Dubai
$5,950
28 Jul-01 Aug 2025
London
$5,950
11-15 Aug 2025
São Paulo
$5,950
10-14 Nov 2025
Dubai
$5,950
24-28 Nov 2025
São Paulo
$5,950
02-06 Feb 2026
London
$5,950
Online Sessions
18-22 Aug 2025
Online
$3,950
08-12 Dec 2025
Online
$3,950

Course Introduction

Budgeting and Cost Control are essential components for the success of modern organizations. This The Essentials of Budgeting & Cost Control training course will equip you with the skills needed to effectively plan and monitor activities to sustain performance over time. It emphasizes the critical connection between budgeting and strategy formulation and execution, highlighting that accurate budgets rely heavily on robust cost control and analysis.

Through this course, you'll gain proficiency in traditional budgeting and control tools, while also exploring dynamic approaches that address the complexities of today’s business environment. You'll learn how to understand cost behavior to create realistic plans and allocate both financial and non-financial resources effectively. By mastering these techniques, you'll enhance your ability to manage budgets and control costs, contributing to your organization’s overall success.

Training Objectives

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

  • Master the Essential Component of Costing and Budgeting
  • Understand Fixed and Variable Costs, Direct and Indirect, OPEX and CAPEX
  • Link innovative approaches to Cost Savings
  • Improve Capital Budgeting
  • Measure and Manage the Performances that Matters

Who should Attend?

This COPEX training course is suitable to a wide range of professionals but will greatly benefit those with direct or indirect budget responsibilities within a Team, Department or Division.

Moreover, the training course is suitable to first appointment professionals on fast-track development programs, and to professionals from every business discipline and department who have to run budgetary plans, and who are responsible for cost and strategic analysis, including:

  • Financial Planning & Control Staff
  • Those With Direct or Indirect Financial Responsibilities
  • Those From Every Business Discipline and Department Who Have to Run Departments and Budgetary Plans, and Who are Responsible for Cost and Strategic Analysis
  • Those From All Sectors of Industry, Irrespective of Functional Responsibilities, but Particularly Those Involved in Manufacturing, Production, Engineering or Sales
  • Those Working in a Project Management Environment

Course Outline

Day One: Management Control
  • Budget target-setting, participation and control
  • Strategic planning, budgeting and management control systems
  • Key elements of planning: setting objectives, and responsibility accounting
  • The role of financial control, and management accounting concepts
  • Advantages and disadvantages of budgeting
  • Budgeting within your organisation
Day Two: Budgeting and Cost Control
  • The essential stages of the budgeting process
  • Types of budgets, incremental and zero-based budgeting
  • Budget preparation: operating budgets and cash budgets
  • Variable costs and fixed costs
  • Contribution and marginal costing
  • Decision-making using marginal costing, and cost/volume/profit (CVP) analysis
Day Three: Traditional, and Activity Based Costing & Budgeting
  • Costs and activities
  • Direct costs and indirect costs, product costs and period costs
  • Cost allocation and absorption costing
  • Product cost cross-subsidisation, and activity-based costing (ABC)
  • Activity based budgeting (ABB)
  • Budgetary control: standard costs, flexed budgets and variance analysis
Day Four: Capital Budgeting
  • Capital investment costs and operating costs
  • Accounting rate of return (ARR) and payback
  • Discounted cash flow (DCF), and net present value (NPV)
  • Cost of equity, cost of debt, and the weighted average cost of capital (WACC)
  • Internal and modified internal rate of return (IRR/MIRR), and discounted payback
  • Capital rationing, budgeting and the profitability index (PI)
Day Five: Linking Financial and Non-Financial KPIs
  • Planning for world class performance
  • Drivers of corporate and shareholder value, and financial strategy
  • The changing cost base and alternative approaches to costing
  • The conflicts between accounting and business performance measurement
  • Integrating financial and non-financial key performance indicators (KPIs)
  • The balanced scorecard

Certificates

  • COPEX Certificate of Attendance will be provided to delegates who attend and complete the course
Whats Makes Copex Courses Unique?

COPEX Training is your gateway to professional growth, with over 20 years of experience turning potential into success. Each year, we deliver over 1,000 courses in 50+ countries, earning a stellar 98% satisfaction rate. Trusted by global giants like BP, the United Nations, and HSBC, we partner with top certification bodies to provide career-focused training that empowers individuals and drives organizational breakthroughs. Our mission? To transform the way professionals learn and grow in today’s fast-changing industries. Through expert insights, cutting-edge methods, and hands-on approaches, we equip you with the skills and confidence to tackle challenges, seize opportunities, and thrive in your career.

Led by a passionate leadership team and supported by a network of world-class trainers, COPEX Training connects professionals worldwide with life-changing opportunities. We are committed to excellence, ensuring every participant leaves with the tools, expertise, and confidence to conquer an ever-evolving world.

Frequently Asked Questions

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.

What is COPEX?

COPEX stands for “Competency Enhancement Programs” These courses are designed to develop and enhance the skills and knowledge of professionals across various sectors.

What are the benefits of attending COPEX training courses?

Enhanced Skills: Develop in-demand skills and knowledge in your chosen field.
Career Advancement: Improve your career prospects and increase your earning potential.
Increased Confidence: Gain confidence in your abilities and enhance your professional presence.
Networking Opportunities: Connect with other professionals and industry experts.
Improved Job Performance: Enhance your productivity, efficiency, and job satisfaction.
Personal Growth: Develop valuable personal and professional skills that can benefit you in all areas of life.

What makes COPEX training courses unique?

Experienced Instructors: Courses are delivered by highly qualified and experienced instructors with industry expertise.
Interactive Learning: Engaging and interactive learning methods, including workshops, simulations, case studies, and group discussions.
Practical Application: Focus on practical skills and real-world applications, enabling you to apply your learning immediately.
Flexible Learning Options: A variety of course formats available, including classroom training, online courses, and blended learning.
Certification & Recognition: Upon successful completion, you may receive industry-recognized certifications.

What is the cost of COPEX training courses?

The cost of COPEX training courses varies depending on the course duration, content, and delivery method.

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.

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.
Request In-house