The Role of Budgeting & Cost Control

• The complexity of managing contemporary organizations
• Strategic planning, budgeting and management control systems
• The key elements of budgeting: objectives, initiatives and resources
• Understanding the context for budgeting & the role of the controller
• What are the advantages and the disadvantages of budgeting
• What is it the situation in your organization? How to improve it?

Budgeting and Cost Control

• What are the essential inputs of the budgeting process?
• What is zero-based budgeting?
• Costing for budgeting: key terms and concepts
• Variable vs. Fixed costs
• The important role of contribution margin
• Cases, problems and examples

Costing: From Traditional to Activity-Based

• Complementing traditional costing with activity-based costing
• Direct vs. indirect cost
• Cost allocation: traditional costing and activity-based costing (ABC)
• From traditional budgeting to Activity-based budgeting (ABB)
• The importance of costs analysis
• Cases, problems and exercises

Capital Budgeting

• Capitalized vs. period costs
• Capital budgeting
• Payback period
• Net-present value
• Internal rate of return
• What is it the situation in your organization?

Beyond the Budgets: linking financial and non-financial KPIs

• What are the limits of budgeting and financial reporting?
• What are the drivers of the business model?
• What are the trades-off in place?
• Beyond budgeting: integrating financial and non-financial issues
• The balanced scorecard and KPIs
• Case, problems and examples