Budgeting and Controlling

OBJECTIVE

1. Memberikan pemahaman secara menyeluruh mengenai Budget Cycle
2. Memahami hubungan antara Budget dan Strategic Planning
3. Meningkatkan kemampuan peserta dalam membuat budget dengan beberapa pendekatan aplikatif
4. Meningkatkan pemahaman tentang Project Budgeting
5. Memahami Cost Control dengan pendekatan Strategic dan Transaction
6. Melatih peserta untuk mengambil langkah-langkah konkrit dalam mereduksi biaya, baik yang sedang berjalan atau yang akan datang
7. Menguasai konsep dan strategi aplikatif Cost Reduction.

COURSE OUTLINE 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 Budgeting
• Activity Base
• Fund Available
• Detail 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 Costs

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, Transaction Control, Process Control
• Understanding the Need for Timeliness and Precision
• Variance Analysis

8. Practical Budgeting Using Microsoft Excel TRAINING METHOD Pre test Presentation Discussion Case Study Post test Evaluation FACILITIES Training Kit Handout Certificate Lunch + 2x Coffee Break Souvenir Pick Up Participant (Yogyakarta)