Cost Management & Budgeting For Non-Financial Managers and Executives

29-30 Mar, 2017, Hotel Istana

IPA Training is Registered with

Learn from the Best

MR S. S. DANIEL, B. Commerce, M.I.M.M. has over 25 years of experience in Accounting and Financial Management and has worked as a Corporate Loan Officer, Branch Manager and Vice President in the Audit Department of a leading prominent local bank. He had the responsibilities for reviewing, developing and implementing internal controls and compliance procedures for the bank.

 

Daniel is an accomplished speaker / trainer in the accounting and finance field. He was also previously actively involved in lecturing on Financial & Management Accounting for CIMA and ACCA programs at local institutions of higher learning for over 15 years. At present Daniel is the Principal Consultant of his own professional training firm and is fully committed in conducting training programs on Accounting and Financial Management, Internal Auditing, Credit Management and Branch Operations for several prominent banks and MNCs.

 

Following are the accounting and finance-related courses conducted by him:-

  • Effective Cash Flow Management;
  • Implementing Effective Debt Collection Techniques;
  • Effective Financial Skills For Non-Finance Managers;
  • Contemporary Internal Auditing;
  • Credit Management & Debt Recovery Techniques;
  • Advance Financial Statement Analysis – A Practical Approach;
  • Detecting, Investigating & Preventing Fraud;
  • Corporate Credit Analysis;

Daniel provides practical hands-on and dynamic lively training sessions, which have received excellent feedback from past participants from both local and overseas market.

 

His training sessions are well regarded and participative in nature and the evaluation by the participants who have attended his courses attest to his ability to part the practical knowledge that he had acquired during his 25 years of experience in the financial sector.

Venue Details

Hotel Istana
73 Jalan Raja Chulan, - 50200
Phone : 03 2141 9988
Fax : 03 2144 0111

Click For Hotel Location

Contact us

Juliany,
03 2283 6109
juliany@ipa.com.my

Phoebe,
03 2283 6100
phoebe@ipa.com.my 

FOR CUSTOMISED IN-HOUSE TRAINING
Jane,
03 2283 6101
Jane@ipa.com.my

ADDRESS 
A-28-5, 28th Floor, Menara UOA Bangsar, 
No.5, Jalan Bangsar Utama 1, 
59000 Kuala Lumpur
www.ipa.com.my

FOCUSING ON
  • Introduction
  • Strategic Financial Planning And Budgeting
  • Understanding The Various Types Of Costs
  • Practical Issues Faced When Preparing Budget
  • Monitoring Actual Vs Budget
  • Managing Variances
  • Managing Your Costs Within Budgets
  • Behavioural Aspects Of Budget
OBJECTIVE

This 2-day course is designed to provide participants with a comprehensive and detailed understanding of the cost management & budgeting as well as maximizing its usage as a management tool. Participants will also be able to appreciate and understand the importance of budgets to management; how budgets reflect the vision, mission and corporate objectives of a company. Without a financial framework to work on, a company will not maximize its value and hence returns to its shareholders.

 

During the two days, participants will have opportunities to work on various case studies, budget exercises, real life issues that will require them to be imaginative and provide solutions. The course is aimed at maximizing the exposure to practical issues, and at the end of the course all participants would be armed with enough information and knowledge to address their problems faced in their respective positions at work.

METHODOLOGY
Interactive Lectures, Exercises, Case Studies, Discussion and Q & A Session.
 
DAY 1
9:00 INTRODUCTION
  • Aligning budget with the vision and mission of the company
  • How budget relates to corporate objectives
  • Current economic environment
10:45 STRATEGIC FINANCIAL PLANNING AND BUDGETING
  • Financial framework as a basis for budgeting
  • Types of budgets
    -- Zero based budgeting
    -- Documental budgeting
1:00 Lunch

2:00 UNDERSTANDING THE VARIOUS TYPES OF COSTS
  • Variable costs
  • Fixed costs
  • Controllable and non-controllable costs
3:45 PRACTICAL ISSUES FACED WHEN PREPARING BUDGET
  • Ensuring all costs are identified
  • Dealing with central overhead / support service allocations
  • Dealing with transfer pricing: internal and external
5:00 End of Day 1
DAY 2
9:00 MONITORING ACTUAL VS BUDGET
  • Variance analysis
  • Reference to management by objectives
10:45 MANAGING VARIANCES
  • SWOT analysis
  • Techniques to recover from adverse positions during the year
1:00 Lunch

2:00 MANAGING YOUR COSTS WITHIN BUDGETS
  • Dealing with controllable / uncontrollable costs
  • How to get maximum out of vendors by applying the right purchasing strategies
  • Efficient and effective use of cost-related information
3:45 BEHAVIOURAL ASPECTS OF BUDGET
  • Linking reward to performance
  • How to overcome inter-departmental /divisional conflicts
  • Management’s commitment and communication
5:00 End of Course