Excellence in Budget Preparation, Allocation and Cost Control
Course Overview
Participants attending this training workshop course will:
• Successfully build an integrated planning, budgeting and reporting process
• Understand costs behavior more accurately
• Deliver more timely and useful information to decision-makers
• Understand capital budgeting
• Identify & manage key financial indicators for the business
• Be able to use specific cost analysis and performance measurement techniques
• Be able to understand and implement the Balanced Scorecards
• Be able to interpret the financial impact of strategic directions
• Understand the problems of overheads allocation and how Activity-Based Analysis may aid decision-making and pricing strategies
• Select the performance measurement systems that work
• Think proactively beyond budgeting
Training Format:In-class, Virtual, In-house
Location:Lagos, Accra, Nairobi, Kigali
Language:English, French
Nigeria Price:
₦30000
Int'l., (Nigeria) Price:
$1000
Ghana Price:
$4000
Kenya Price:
$5500
Rwanda Price:
$6000
Nigeria Price:₦30000
Int'l., (Nigeria) Price:
$1000
Ghana Price:
$4000
Kenya Price:
$4000
Rwanda Price:
$4000
Nigeria Price: ₦30000
Int'l., (Nigeria) Price:
$1000
Ghana Price: $4000
Kenya Price: $4000
Rwanda Price: $4000
Budgeting and Cost Control in the Management System: Link with Strategic Planning
• Budgeting and the Management System of Contemporary Organizations
• Strategic Planning, Budgeting and Management Control
• Strategic Management Accounting – setting goal and objectives
• From Strategic to Operating Plans – actions and initiatives
• Measuring and Managing the Performance – KPIs and targets
• Managerial Accountability
Budgeting: Principles and Key Concepts
• Understanding the Context for Budgeting
• The Benefit of Budgeting and its Role for Achieving Organizational Targets
• The Shortcomings of the Budgeting Process – How to improve them?
• Principles of Budgeting
• Main Issues with Budget Preparation
• Capex (Capital Expenditures) vs. Opex (Operational Expenditures)
Cost Analysis for Budgetary Purposes
• Cost Concepts and Terminology
• Different Costs for Different Purposes
• Fixed vs. Variable Costs: The Cost-Volume-Profit Analysis Model
• Contribution Margin Analysis
• Manufacturing vs. Non-manufacturing Costs
• Period vs. Product Costs
Traditional vs. Advanced Techniques in Cost-Control
• Under-costing and Over-costing: Understand Allocation Methods
• How to refine a Costing Cystem?
• Indirect (OH) vs. Direct Costs
• Traditional Cost Allocations Systems vs. Activity-Based Costing (ABC)
• Cost Hierarchy & Cost Drivers – Linking Resources, Activities and Management
• Introducing Activity-Based Budgeting (ABB) and Management (ABM)
New Integrated Performance Measurement Systems
• Beyond Budgeting: Integrating Financial and Pre-financial Information
• The Drivers of Value Creation
• The Balanced Scorecard
• Strategy Maps
• Integrated Reporting
• Connectivity Strategic Goals, Objectives, Actions and Results
FOR WHOM:
Accountants, Budgets Managers, Planners, Schedulers, Heads of Departments, Financial Managers, Auditors and others who perform related functions in Public and Private Sectors
1ST BATCH: Tuesday, March 10, 2026 — Friday, February 13, 2026.
2ND BATCH: Tuesday, June 30, 2026 — Friday, July 3, 2026.
3RD BATCH: Tuesday, October 27, 2026 — Friday, October 30, 2026.
The training methodology integrates lectures, interactive discussions, collaborative group exercises, and
illustrative examples. Participants will acquire a blend of theoretical insights and hands-on practical
experience, emphasizing the application of learned techniques. This approach ensures that attendees return
to their professional environments equipped with both the competence and self-assurance to effectively
implement the acquired skills in their responsibilities.
