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Cost Sensitivity
Learning Objectives
At the end of the training, the participants will be able to; explain the importance of reporting to Management, define the different types of reports and demonstrate familiarity with Budgeting and the Profit and Loss Report- its principles and terminologies. This course will help participants to ; understand what budgets are and how the budgeting process works, prepare different types of budgets, create ‘what if’ scenarios, monitor and evaluate budget performance
- Seats 15-20
- Language English, French
Intended Audience
This course is aimed at Supervisors/ Managers.
Learning Overview
- Have an overview of what is budget overview
- Different types of budget
- Approaches to budgeting
- How to categorize expenses
- Preparing an operating budget- goals and assumptions
- Preparing an operating budget- forecasting sales and revenues
- Capital budgets
- Sensitivity analysis
- Variance in budgeting
- Linking the budget to the balance scorecard
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