EFFECTIVE BUDGETING AND COST CONTROL
HOTEL JENTRA MALIOBORO, DAGEN YOGYAKARTA | 22 – 23 November 2012 | Rp. 5.700.000,- / Person
MATERIAL WORKSHOP:
1. Principles of Budgeting and Cost Control
- The Critical Functions of Management
- The Budget as a Key Financial Statement
- Development of internal control
- Key elements of cost control
2. The Budgeting Cycles
- Environmental analysis
- Formulating company objective and strategy
- Tactical and operating plan
- Operating budget: Analysis into Quarters and Months; Seasonal Factors
3. Expense Budgeting
- Zero-based budgetingActivity base,Fund availableDetail and Completeness,Allocations from Cost Centers
4. Budgeting and Costing Techniques
- Forecasting Methods,Break-even Analysis,Use of Standards,Trend Analysis,Cost Estimation
5. Project Budgeting
- Project Planning,Direct and Indirect Projects .
6. Capital Expenditure Budgeting and Analysis
- Guideline of capital expenditure
- Calculation: Accounting Rate of Return; Payback Period; Net Present Value; Internal Rate of Return
7. Cost Control and Management Budget Reports
- Approaches to Cost Control: Strategic Control; Transactional Control; Process control Understanding the Need for Timeliness and Precision
- VarianceAnalysis
Fee training
Rp. 5.700.000,- / Person