Integrated Cost and Budget Management
General Objectives:
Integrated Cost and Budget Management allows detecting and eliminating waste and optimizes strategic actions to control expenses. By adopting new budget planning techniques, such as "zero base" and "beyond budgeting", combined with cost reduction methods, companies acquire better conditions to prioritize the allocation of resources, increase productivity and profit.
This Course aims to equip participants with the knowledge and skills to implement Integrated Cost and Budget Management that provides reliable information to better track company performance and to make strategic decisions related to eliminating waste, reducing costs, reallocating resources, improving processes, and increasing productivity.
Specific Objectives:
At the end of the course participants will know:
- How to develop a budget, what are the responsibilities and the most appropriate models for conducting its structuring, preparation and control process;
- Which is the best administrative structure to adopt to manage the budget;
- Manage and optimize the cost system, as well as the existing information systems and their possibilities for integrated use;
- Integrate strategic planning, accounting, costs and business unit management;
- What are the best techniques to prepare all budgets, and the degree of detail required to obtain the best expected results;
- Using the budget within the company's decision-making process;
- What are the main concepts related to costs and the costing methods for products and services;
- What is the ABC Costing, its advantages and disadvantages in relation to other methods;
- Implement the necessary integrations of the adopted cost system in relation to the other management subsystems of the company;
- To identify the fundamental elements for structuring a permanent cost reduction policy;
- Present a check-list to identify the weak points of the company's cost system.
CONTENTS
Module I - Budget Concepts and Objectives
Module II - Orthodox (Traditional) Approach
Module III - Beyond budgeting
Module IV - Zero-Basis Budgeting
Module V - Matrix Budgeting
Module VI - Budget, Strategy and Balanced Scorecard
Module VII - Basic Information for General Budget Structuring
Module VIII - The Sales and Production Budget
Module IX - Other Budgets
Module XI - Concepts and Overview
Module XII - Costing Methods: the choice of the decision model
Module XIII - Costs for legal and fiscal purposes
Module XIV - Structuring the Information System
Module XV - Standard Cost and Variance Analysis
Module XVI - Sales Prices: formation and management
Module XVII - Main cost analysis models
Module XVIII - Strategic Cost Management
Module XIX - Roadmap to identify the points of improvement of your company's cost system
Module XX - Question & Answer Session
High Skills - Formação e Consultoria
Angola | Cabo- Verde | Moçambique | Portugal | S. Tomé e Princípe
