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24 - AAU - Accounting and Financial Auditing


AAU 102 - Cost Management & Budgeting Techniques

Code Start Date Duration Venue Fees
AAU 102 25 August 2019 5 Days Istanbul $ 2950 Registration Form Link
AAU 102 22 September 2019 5 Days Istanbul $ 2950 Registration Form Link
AAU 102 20 October 2019 5 Days Istanbul $ 2950 Registration Form Link
AAU 102 17 November 2019 5 Days Istanbul $ 2950 Registration Form Link
AAU 102 15 December 2019 5 Days Istanbul $ 2950 Registration Form Link
AAU 102 12 January 2020 5 Days Istanbul $ 2950 Registration Form Link
AAU 102 09 February 2020 5 Days Istanbul $ 2950 Registration Form Link
AAU 102 08 March 2020 5 Days Istanbul $ 2950 Registration Form Link
AAU 102 05 April 2020 5 Days Istanbul $ 2950 Registration Form Link
AAU 102 03 May 2020 5 Days Istanbul $ 2950 Registration Form Link
AAU 102 28 June 2020 5 Days Istanbul $ 2950 Registration Form Link
AAU 102 19 July 2020 5 Days Istanbul $ 2950 Registration Form Link
AAU 102 23 August 2020 5 Days Istanbul $ 2950 Registration Form Link
AAU 102 20 September 2020 5 Days Istanbul $ 2950 Registration Form Link
AAU 102 18 October 2020 5 Days Istanbul $ 2950 Registration Form Link
AAU 102 15 November 2020 5 Days Istanbul $ 2950 Registration Form Link
AAU 102 13 December 2020 5 Days Istanbul $ 2950 Registration Form Link
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Course Description

This course will teach the participants how to create a more meaningful budget, and how to use this budget to make more effective important financial decisions. Throughout this course, participants will identify effective methods for translating their organization’s strategic initiatives into measurable financial targets. Best practices for cost estimating, budgeting, and variance tracking are explored using the latest techniques

Course Objectives

  • Learning how to create positive budgets
  • Understanding how to keep budget relevant to organization’s needs
  • Being able to strategically link budget to management action and decisions
  • Being familiar with the major weaknesses of traditional budgeting techniques
  • Creating an adaptive performance measurement framework
  • Using alternative techniques to traditional budgeting

Who Should Attend?

  • Management Accountants
  • Business Accountants
  • Finance Managers
  • Business Analysts
  • Team leaders
  • Anyone interested and wanted to develop his performance in cost management and budgeting techniques

Course Details/Schedule

Day 1

  • Introduction to cost management and budgeting 
  • Best practice for cost estimating, cost budgeting, and cost control
  • Cost management plans
  • Creating a cost baseline

Day 2

  • Organizational cost budgeting dependencies
  • Control thresholds
  • Earned value assumptions
  • Contracting basics

Day 3

  • Overview of the control costs process
  • Inputs to the control costs process
  • Tools and techniques for the control costs process
  • Outputs from the control costs process
  • Procurement planning
  • Reporting formats

Day 4

  • Techniques for preparing budgets and forecasts
  • Strategically linking budgets to management action
  • Non-financial budgets
  • Best practice with respect to resource types and cost accrual methods
  • Classifying costs correctly

Day 5

  • Microsoft Project's resource sheet
  • Developing cost estimating models in Microsoft Project
  • Custom views and tables in Microsoft Project
  • Predict cost overruns requiring corrective action