MANAGING BUDGET AND COST REDUCTION
for NON FINANCE and ACCOUNTING
March, 6th– 8th 2012 Aston Primera Hotel - Bandung
OBJECTIVE
At the end of this course, participants will have understood and gained skills to enable them the function of budget and how to estimate and control the cost and expenditures of company’s operations and cost of investment as part of company’s tool in achieving its goal. Also how to reduce cost and expenditures during company’s operations
WHAT WILL YOU LEARN
- Management Process
To provide knowledge and understanding for training participants, the management
process function as a tool in achieving the company’s goal.
- Profit Planning and Control
To provide knowledge and understanding for training participants the company’s
business plan, as part of long-term planning and annual budget as part of short term planning.
- Budget for Expenditures Planning
To provide knowledge and understanding for training participants how to prepare the annual company’s operating expenditures budget and its budget components.
- Capital Expenditures Budgeting
To provide knowledge and understanding for training participants, the nature of capital expenditures budgeting, the process of preparing the budget, method of measuring the economic value such as NPV, IRR and Payback Period Method.
- Budget for Expenditures Control and Performance Evaluation
To provide knowledge, understanding for the training participants in analyzing
the budget versus actual cost and budget variances and to do more efficient and
accurate in monitoring the cost allocation processing, cost reporting, and request some correction.
- The Management Control
To provide knowledge, understanding for the training participants about the definition and characteristics of the management control system, Activity Based Costing, Activity Analysis and Target Costing.
- Cost Estimation, Reduction and Control
To provide knowledge and understanding for training participants how to develop the cost reduction program in some areas in the company, such as productivity
improvement, material usage, transportation improvement, inventory reduction.
WHO SHOULD ATTEND
- Managers
- Supervisors
- Parties who are responsible in preparing and controlling the company’s budget, department’s budget or project budget
- Parties who are responsible in setting the company’s cost reduction programs.