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Mastering Costs and Budgets

Budget under control, profit within reach

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#1

in Open Executive Education in Belgium and #27 worldwide

1,301

former participants

4.5/5

for Learning Impact

How do you compile cost data? How do you calculate cost? How do you establish a budget? In this three-day programme, you’ll live and learn approaches that allow you to better assess profitability of products, customers and markets. And you’ll gain knowledge and instruments to leap confidently into analysing and creating budgets.

Detailed programme

This programme gives you the ability to set up a simple cost system and understand the meaning of Activity Based Costing. Setting up and assessing budgets will become a piece of cake.

Module 1: Costing Concepts

Discover key concepts such as variable and fixed costs, direct and indirect costs, differential and opportunity costs
Explore various techniques for cost calculations
Learn about contributions
Learn to calculate actual, standardised and variable costs

Module 2: From Full Costing to Activity Based Management

Learn to distinguish relevant from irrelevant costs and yields
Discover Activity Based Costing (ABC)
Understand how ABC helps to proactively control cost

Module 3: Budgeting

Understand budgets
Explore why organisations use budgets
Learn how budgets are created

Interested in all the basic principles of financial management? ‘Mastering Costs and Budgets’ is part of the 7-day programme ‘Finance for Non-Financial Managers’.

Why this programme

Master the key concepts and various techniques used to calculate costs
Learn to recognise the difference between relevant and irrelevant costs and yields
Become an expert in Activity Based Costing (ABC)
Acquire techniques for establishing a budget