Global Learning for Operational Leaders
Classroom
15 sessions
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Online / Live
15 sessions
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Introduction
Course overview
Why Attend
Planning and budgeting are must-have skills for all professionals, regardless of their function or managerial level. This course covers the concept of budgeting as a planning tool, a financial device, and a control mechanism. In addition, it provides the necessary application tools required to make long-term and short-term planning decisions.
Course Methodology
This course focuses on exercises, case studies, and individual and group presentations.
Course Objectives
By the end of the course, participants will be able to:
- Defend the importance of linking an organization's budget with its strategic plan
- Demonstrate how the budget relates to the balance sheet, income statement, and cash flow statement
- Prepare the key elements of an operating and capital budget and evaluate the different budgeting approaches used
- Apply cost control tools, analyze management variance reports, and take proper corrective action
- Calculate different capital budgeting evaluation techniques as included in a capital expenditure proposal
- Utilize cost-volume-profit analysis in making budgeting decisions
Target Audience
All managers, supervisors and analysts who prepare or use management budgets.
Target Competencies
- Interpreting financial statements
- Planning and budgeting
- Cost control
- Capital budgeting
- Applying cost-volume-profit analysis
- Utilizing breakeven analysis
What you will achieve
Learning objectives
- Defend the importance of linking an organization's budget with its strategic plan
- Demonstrate how the budget relates to the balance sheet, income statement, and cash flow statement
- Prepare the key elements of an operating and capital budget and evaluate the different budgeting approaches used
- Apply cost control tools, analyze management variance reports, and take proper corrective action
- Calculate different capital budgeting evaluation techniques as included in a capital expenditure proposal
- Utilize cost-volume-profit analysis in making budgeting decisions
Who should attend
Target audience
- All managers, supervisors and analysts who prepare or use management budgets.
- Target Competencies
- Interpreting financial statements
- Planning and budgeting
- Cost control
- Capital budgeting
- Applying cost-volume-profit analysis
- Utilizing breakeven analysis
Methodology
Learning approach
- This course focuses on exercises, case studies, and individual and group presentations.
Course content
Course outline and key learning areas
Module 1
Planning and the Functions of Management
- The critical functions of management
- Budget as a planning tool
- Control: The missing link
- Roadmap to strategy
- Aligning the budget with the organization’s strategy
- Planning pitfalls
Module 2
The Key Financial Statements
- The accounting system
- The income statement
- The balance sheet
- Retained earnings
- The cash flow statement
Module 3
Budgeting: Process and Approaches
- The advantages of budgeting
- The budget process
- Rolling budgets
- Direct and indirect costs
- The master budget
- Operating and capital budgets
Module 4
Approaches to budgeting
- Incremental budgeting
- Zero-based budgeting
- Flexible budgeting
- Kaizen budgeting and continuous improvement
- Activity-based budgeting
- Tools of forecasting
- Characteristics of an adequate budget
- Problems in budgeting
Module 5
Cost Control
- Budget as a control tool
- The control process
- Characteristics of an effective control system
- Responsibility reporting
FAQ
Frequently asked questions
What does Effective Budgeting and Cost Control (F06) cover?
This course covers Accounting and Finance through a structured five-day outline focused on practical application, discussion, and implementation planning.
When is the next available session?
The next scheduled session starts on 19 - 23 October 2026, with additional classroom dates and mirrored Online / Live options listed in the course schedules section.
Who should attend this course?
All managers, supervisors and analysts who prepare or use management budgets., Target Competencies, Interpreting financial statements
Is bilingual course delivery available?
Yes. All course materials and presentations are provided in English, while bilingual explanation and discussion support may be available depending on the selected location and trainer availability. For example, when attending a course in Istanbul, you may request a Turkish-speaking trainer to explain the English course content in Turkish. Arabic explanation support may also be requested at this location. Other languages are available in selected cities. You can choose your preferred language support as an optional preference during registration.
How can I register for a session?
Use any Register button next to the available course dates to open the participant registration page and submit your booking request for the selected session.
Is this course available online as well as classroom-based?
Yes. The course detail page includes both classroom sessions and Online / Live sessions, with online options aligned to the same course dates for easier planning.
Where are classroom sessions delivered?
Current classroom venues include Kuala lumpur, Barcelona, London, Frankfurt, Rome.
How long is the training programme?
The programme runs for five days, with up to five training hours per day, from 9:00 AM to 2:00 PM. Each programme includes a total of 25 accredited training hours.
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