Categories > Finance & Accounting Category   Budgeting and Controlling Costs     Program Duration : 5 Days Program Date : 10-14 March, 2012 Program Location : Cairo, Egypt Program Fees : US$ 3200/Per Person       program Objectives: Understand the relation between the two key financial statements: balance sheet and income statement Preparing a budget consistent with the organization’s strategic plan Recognize how establishing a total cost baseline helps in project performance Determine whether a cost baseline was correctly established in a given scenario Learn about estimation techniques and its use in the development of revenue and expense budgets Know what the costs that should be included in the capital expenditure proposal Learn how to analyze management cost reports and to take corrective actions Calculate key values by using performance management analysis in a given scenario Calculate estimates at completion and estimates to complete by using forecasting PROGRAM OUTLINES:   Budgeting & Controlling Costs: An Overview Income statements, types of expenses & costs and income statement Management Critical Functions Budgeting as a key financial statements Establishing a total cost baseline and how it helps in planning project performance Elements of Costing & Costs Strategies Costs, fixed, variable, semi variable, direct and indirect costs The difference between standard and actual costing Understanding overheads Activity Based Costing ABC Budgets, Budgeting Management & Strategic Planning The strategic Planning Process Clarify the difference between Vision, Mission Statement, goals an objectives Budget as a Plan SWOT and PESTEL analysis Types of budgets Master budget Operating and Capital Budgets Financial Budgets Fixed, Flexible, Zero based & ABB Preparing & Presenting a Business Budget Forecasting & Preparing the Business Estimates The Purpose of forecasts Percentage of sales forecasting Forecasting Methods The most useful forecasting techniques Quantitative approaches Qualitative approaches Forecasting methods demonstrated Other budgeting techniques: Break Even Analysis Use of Standards Trend Analysis Cost Estimation Characteristics of an Effective  Approaches to Budgeting Capital Budgeting Controlling the budget variances   WHO SHOULD ATTEND?   All supervisors, accounts analysts & and anyone involved in the process of budgeting planning & Costs controlling