Why Choose this Training Course?
Budgeting and Cost Control are essential components for the success of modern organizations. This COPEX Online 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.
What are the Goals?
By attending this COPEX online 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 is this Training Course for?
This COPEX online 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
Amongst a wide range of valuable topics, the following will be prioritised:
- Understand how Strategy Execution is linked to Budgeting and Costing
- Focus on the Key Role of Management Accounting
- Explore the Concept of Accountability
- Explore how Budgets are Built and Developed
- Understand Fixed and Variable Costs, and Cost-Volume-Profit Analysis
- Master Cost Allocations
- Explore the Advantages of Activity-Based Costing
- Understand Capital Budgeting
- Master Performance Measurement
- Develop Balanced Scorecards
The Certificate
- A COPEX e-Certificate will be provided to delegates who attend and complete the online training course
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