Course Details

As many organizations have recognized over the past year, costs are certainly not a constant factor. Although it is not possible to predict fluctuations in variable costs it is important to review trends and determine if certain costs are unnecessary.

Objectives :

• Contribute effectively to the budgeting and forecasting of future plans of your department as well the organization
• Learn the budget planning processes, preparation, review control and modern day tools for budgeting and variance analysis..
• Discover and leverage on the different types of budgeting techniques that can be used in organizations.
• Insights into defining the “uncertainties” that affect companies’ ability to produce accurate budgets, and quantify this with stress-testing, what-if and scenario analysis techniques.
• Understand how to build budgets for the “real world”, allowing for flexibility and future change