Budgeting and Costing
Business budgeting is a basic and essential process that allows businesses to attain many goals in one course of action. There are several goals that many businesses seek to achieve (or should be trying to work toward) when they create and implement a budget. These goals include control and evaluation, planning, communication, and motivation.
Duration: 1 Day
1. The Role of Budgeting and Costing
2. Costing - From Traditional to Activity Based
3. Budgeting - Develop flexible budgets and perform variance analyses
4. Beyond budgeting - Towards value based budgeting.