• Module 1: Converting Business Plan & Key Performance Indicators into Budgets
  
• Module 2: Profit Planning and Activity-Based Budgeting (Exercise)
  
• Module 3: Budgets, Behaviour and beyond Budgeting (Case Study)
  
• Module 4: Project Based Budgets (Case Study)
  
• Module 5: Managing Material Costs
  
• Module 6: Managing Labor Costs
  
• Module 7: Managing Overhead Costs
  
• Module 8: Case Study (Turn-around the Company)
  
• Module 9: Tracking Cost Control Using Key Performance Indicators (KPI)

Is your organization budget still valid & reliable?

This practical budgeting course will assist you to revisit the way budgeting is being done and ways to improve and create values for your organization. Many budgeting case studies will be used to highlight the importance of using your financial statement to achieve your budget target.

In order to reduce cost effectively, you need to have the heart of an entrepreneur. By creating value for your organization, you will be amazed at the speed of career advancement.

1. Revisiting Your Organization Vision & Mission To Be Relevant In Today’s Competitive Environment
   
2. Devising Ways To Achieve Your Budget Targets
   
3. Learning From Successful Budgeting Using Beyond Budgeting Approach
   
4. Planning How To Achieve Optimum Profitability Under Budget Constraints
   
5. Considering The Basis For Deciding Whether To Proceed Or Reject The Project Proposal
   
6. Managing Materials, Labour & Overheads Costs effectively
   
7. Developing Strategies On Turnaround The Company
   
8. Designing Strategies To Improve Debt Collection & Cash Flow
   
9. Formulating The Cost Reduction Strategies For Your Organization Costs
   
10. Understanding The Tracking Cost Control Using Key Performance Indicators (KPI)

Accountants, CFO, Business Managers, Finance Managers, Supervisors, Managers and All Professionals Who Are Interested in Managing Budgeting & Cost control

Case Study & Group Discussion. Real-Current Financial Issues & Cases Will Be Analyzed And Scenario Solutions Will Be Discussed Within The Course. Special Feature: Participants Will Receive a Set of Practical Templates suitable for all sectors. These templates;

• Ease in planning, reporting & decision making process
  
• Snapshot of overall issues & problem
  
• Financial modeling using goal seek strategies for cash flow, profit, sales target, budgeting & working capital requirements.

1. Drafting proper job descriptions and specifications
   
2. Drawing up a job evaluation chart and evaluate jobs for internal equity
   
3. Establishing job grades, pay grades and salary structures
   
4. Using performance appraisal ratings to match salary increases and bonuses
   
5. Drawing up an equitable incentive scheme including gain sharing plans
   
6. Administering annual leave plans
   
7. Computing pay for work during work hours and OT on a rest day and public holiday
   
8. Computing encashment of annual leave and public holidays
   
9. Processing pay for resignation and termination of services
   
10. Administering retrenchment and retirement benefits
    
11. Administering non-mandatory benefits
    
12. Administering medical benefits
    
13. Administering maternity and paternity benefits
    
14. Administering SOCSO & EPF contributions and claims

• “What I enjoyed from this cost reduction program is Dr. Liew sharing on his real experience; Cost saving method & Case Study.”
  HR Manager, Hock Seng Lee Concrete
• “Thank you Dr. Liew for guiding us in cost reduction on how to look out for cost reduction areas and the approach to implementation.”
  Assistant General Manager; Sarawak Produces Industry Co
• “I really appreciated Dr. Liew imparting his Real life story of actual application of cost reduction strategies & many case studies.”
  Plant Controller; Ceramica Indah Sdn Bhd
• “The case studies and exercises that are most practical & relevant to me are story of Automobile cost reduction; Cost Reduction/Turnaround case studies; Johnson- Relates to Speaker Personal experience – Soft landing skill”
  Purchasing Executive; Ceramica Indah Sdn Bhd