ECTS credits: 1
Trainer: James Grech

Learning Outcomes:

• Understanding the difference between a fixed and variable cost and their behaviour in the long and short term;
• Demonstrate an understanding of the characteristics of variable (direct) costing and absorption (full) costing and the benefits and limitations of these measurement concepts;
• Describe the role that budgeting plays in the overall planning and performance evaluation process of an organization;
• Describe different budgetary systems – Master budgets, Project budgeting, Activity-based budgeting, Zero-based budgeting, Continuous (Rolling) budgets, and Flexible budgeting);
• Identify the role that budgeting plays in formulating short-term objectives and planning and controlling operations to meet those objectives;
• Describe bottom up approach to budgeting;
• Demonstrate an understanding of the use of cost standards in budgeting;
• Explain the role of budgets in monitoring and controlling expenditures to meet strategic objectives;
• Define budgetary slack and discuss its impact on goal congruence;
• Define the purposes of the cash budget and describe the relationship between the cash budget and all other budgets;

Venue

Tower Training Centre
Lower Ground Floor, Tower Business Centre, Tower Street, Swatar, Malta. (view map)

(Free parking available at level minus 5)

Trainer

James Grech

James Grech graduated with a Bachelor of Business and Commerce Degree in 2001 and later on obtained the Accountancy (Honours) degree from the University of Malta in 2003. James is Certified Public Accountant and holds a Practising Certificate in Auditing issued by the Ministry of Finance in Malta. He is also qualified as Certified Information Systems Auditor (CISA) and member of ISACA. James is also a member of the Institute of Internal Auditing (US), and is a Certified Internal Auditor (CIA). The CIA is the only internationally accepted certification designation for internal auditors and is the standard by which individuals demonstrate their competence and professionalism in the internal auditing and Management Consultancy field.

James is a renowned Business Consultant and Management/Business trainer and conference speaker in Malta and is also founder and Managing Director of LEAD Training Services, one of Malta’s largest professional training Institute licensed by the Malta Malta Further & Higher Education Authority (MFHEA).