Cost Management, Financial Management, Budgeting
and Cost Control (3 days Course)
Budgeting and cost analysis are crucial elements for the management of contemporary organizations. Nowadays, if companies want to stay competitive, they are urged to link their strategies with accurate systems of resource allocation and performance measurement. Along this line, budgeting, as well as tracking, controlling & reducing cost represent essential activities to be performed and monitored by organizations as they implement their key processes, activities and operations. In addressing these issues, this course is relevant for those professionals & analysts facing the difficult challenge of improving performance while reducing costs of those processes for which there are accountable. This course provides participants with key cost awareness and budgetary skills, which are essential for managing and controlling resources in times of increasing global competition where the budgets are inextricably linked with both the achievement of strategic objectives as well as with evaluation of future plans and initiatives.
Course Objectives / Take away of the Training
Refine costing and budgeting terminology used in business
Understand the importance of a well-defined costing and budgeting process
Determine full costs of outputs for the goods and services provided
Master traditional techniques and recent best practices on budgeting / cost management
Link finance and operation for budgeting purposes and strategy execution
Learn how to build a comprehensive performance measurement system
Who Should Attend? / Designed for
General Accounting Professionals
Business Unit Professionals
Anyone who wants to refine and advance the budgeting and costing knowledge
Facilitator; Khurram A. Khan
Versatile and highly accomplished Senior Executive Management Professional offering over 20 years of experience in the areas of accounting and financial management, strategic planning and marketing, cost reduction programmes, enterprise resource planning, business partnering and business development, staff performance mentoring and improvement, and due diligence within industry best practices.
Professional Accountant having certification from Pakistan and USA, Masters in Economics and Business Administration and Doctorate in Financial management with extensive leadership and management skills and rich exposure to change management and coaching teams to support process implementation and improvement. Skilled in leading business transformations by utilizing finance management knowledge and meeting top line and bottom line objectives.
Key Note Speaker / Presenter conducted 50+ seminars, training sessions, workshops, CPD sessions on Cash flow management, Budgeting, Balanced score cards, and financial management & reporting analysis, and Internal Audits in Dubai, Malaysia, Nigeria, Dammam, Riyadh, Colombo and Thailand.