Management Training & Consultancy Limited

Effective Budgeting & Cost Control

(5 Days)

SUITABLE FOR:

Professional staff, Managers and Supervisors from finance departments who need to develop their knowledge of the management of business finance and who have a basic understanding of accounting principles.

SUMMARY:

All Professionals, Managers and Supervisors in business operations need to understand how financial decisions are made. This course extends these principles and will give delegates an understanding of how and why business decisions are made based upon financial information. It will help delegates to interpret the financial data you receive and assist you in making your own commercial decisions.

The topics covered will include:-

Cost estimation and standard setting
Relevant costs for decision making
The Budgetary Cycle
Variance investigation
Cost build up
Capital expenditure appraisal
Variance Analysis

During the course delegates will be introduced to the Key Principles and Interaction Guidelines. They will take part in small group exercises and simulations of day to day situations.

OBJECTIVES:

By the end of the course, delegates will:

1. Have an understanding of the basic financial principles underlying business operations
2. Understand how financial information is used to make business decisions
3. Have an understanding and be able to apply various budgeting techniques
4. Be able to understand effective business forecasting
5. Be able to accurately interpret company accounts
6. Be able to prepare cash budgets and undertake cash flow planning and control
7. Have developed their skills in evaluating capital expenditure projects

FEE: £1,770

Excluding accommodation and meals

LOCATIONS:	DATES:
Dubai	April 01 – 05 , 2012
Dubai	October 07 – 11 , 2012

COURSE PRESENTER

HILARY HOUGH, FCCA, FIBI, MMII

Hilary Hough has extensive experience in lecturing on accounting, financial and general management topics. He also has a great deal of practical experience in general management, corporate finance and in advising and supporting the development of small and medium sized businesses in Ireland . He has, for a number of years, been responsible for and implementation of small business policy at the Bank of Ireland where he has also held a number of other senior positions. These include management roles in Corporate Banking, Credit Management and Financial Analysis and Marketing as well as terms of Head of Public Affairs, Managing Director of the Group's factoring and invoice discounting subsidiary and, subsequently, as Head of Business Services for the Group where he had responsibility for a property portfolio in excess of €500m and major cost management programmes throughout the Group.

Manual & Books:

Manual - Financial Management used for Certified Diploma in Accounting & Finance (C.Dip.A.F.)

Book - “Accounting and Finance for the Lending Banker”.