Budgeting, Cost & Decision Making

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Budgeting, Cost & Decision Making
PROGRAMME OBJECTIVES

The Budgeting, Cost & Decision Making  training course will enable participants to achieve the following objectives:

  • Understand the importance of a well-defined budget process and create budgets relevant to your organization
  • Acquire costing and budgeting terminology and techniques
  • Master methods for risk, payback and cost-benefit analysis
  • Learn how to integrate profit, cash and balance sheet plans and budgets
  • Using ‘what-if’ and Stochastic Models to evaluate probable outcomes and ranges of variances and identify key drivers for corrective actions
  • Understand the use of Present Value, IRR and discounted cash flow (DCF) to support investment and financial decision making