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Budgeting and Cost Control

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Course Code: BCC 001

Course Hours: 20 HOURS

Prequisite: N/A

Course Description

An effective budgeting system can supply such information, as monthly cash needs, raw materials requirements, peak labor demand seasons, and timing of capital facility expenditures. At the end of an accounting period, budgets help management assess area of strength and weakness through comparisons of actual operating results and budgeted amounts. This course explores most related areas operating budget and cash budget.

Learning Outcomes

By the end of the course, the participant will be able to:

Apply budgeting fundamental principles
Prepare and create budgets
Understand budgeting terminology
Practice budgeting methods
Calculate operating budgets
Learn about types of budgets
Analyze budgets and cash flows
Identify all the appropriate costs to be included in a capital expenditure proposal
Apply the concept of internal control by the interpretation of budgets
Analyze management cost reports and take corrective action
Cut costs by using financial tools

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