Lead Training Services

Cost Management and Budgetary Control

Starting Date To Be Announced

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

Who We Are

We are a team of specialists passionate about our work and with a common ambition to share learning experiences with people in the business community and civil society.

Under the brand name LEAD Training Services, our team has attracted an impressive pool of professional trainers from different areas of business.

This makes us the only professional training organisation in Malta that can offer cutting edge training programmes across a broad spectrum of topics. We do not believe in one-size-fits-all training programmes and in line with our belief we customise our programmes to our individual customer’s needs.

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Our LatestNews

Posted on: Monday, March 23rd, 2020

Due to the COVID-19 Social Distancing Government Directive, LEAD Training Services will be offering the upcoming Spring/Summer 2020 courses online. Instead of traditional face to face classroom lectures, all sessions will be delivered through online live webinars.

LEAD has in the past days developing a professional state of the art online training platform to continue deliver high quality accredited courses even during these upcoming months. We believe that education and professional development cannot halt but to the contrary we believe professionals should turn this temporary crisis as an opportunity to up-skill their skills and competencies by one of our accredited courses. …read more »