Date Venue Category/City Fees (Inclusive Taxes)
24/05/2024 2:00 PM - 5:00 PM Online 3835


Budgeting lies at the heart of business management, yet businesses often encounter planning and financial difficulties as a result of either inadequate planning, lack of understanding of the business, or errors within the compilation of the budgets. Ineffective management reports heighten the challenge in collating inputs to the budget and use of budgeted information. 

This workshop provides participants with key cos t 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. 


  • Understand the critical factors which have an impact on business processes 
  • Discuss about modern system of cos t analysis for budgeting purposes 
  • Understand how to construct a relevant and efficient budget 
  • Learn to evaluate the usefulness of costing techniques in accurately calculating and ensuring profitability 
  • Reinforce and expand knowledge by linking budgeting to strategy and performan ce measurement 
  • Broaden understanding by linking financial and operational issues 
  • Master the budgeting and financial skills required for better decision-making 
  • Explore the best practices required to manage the multiple organizational performances 

Budgets, Cos ts and Budgetary Control  

  • Planning and control 
  • Putting the budget together 
  • Cos t behaviour and classification 
  • Cos t / volume /profit (CVP) and ‘what-if’ analysis 
  • Standard costing 
  • Flexed budgets 
  • Variance analysis and the reasons for variances 

Activity Based Costing & Activity Based Budgeting  

  • Activity based costing (ABC) 
  • Refinement of the costing system 
  • ABC and cos t management 
  • The cos t hierarchy and cos t drivers 
  • Advantages and disadvantages of ABC systems 
  • From traditional budgeting to activity based budgeting (ABB) 
  • Time-based ABC for services organisations 

 Performance Management and Beyond Budgeting  

  • Broadening performanc e measurement systems
  • The Drive toward Shareholder Value (EVA®)
  • Beyond budgeting: integrating financial and non-financial issues
  • Balanced Scorecard and the key perspective