COURSE OBJECTIVES

The course will help participants to understand the main concepts and methodology around cost management and budgeting.

KEY TOPICS

• Concepts of accounting, budgets and finance;
• Unit cost measurements;
• Strategic cost control;
• Written budget justifications;
• Capital assets; and
• Budget formulation process.

LEARNING OUTCOMES

By the end of the course participants will be able to:

• Apply the essential concepts of accounting, budgets and finance;
• Apply the use of unit cost measurements in performance-based budgeting;
• Maintain strategic cost control;
• Appreciate the importance of reducing unnecessary costs;
• Identify appropriate outputs for an organizational unit or programme component;
• Use best practices to create written budget justifications;
• Determine and apply the costs estimated to produce those outputs and calculate cost per unit of output; and
• Locate guidance on budgeting for capital assets, and integrate performance budgeting into their organization’s budget formulation process.

TARGET PARTICIPANTS

This training course is ideal for senior managers who manage budgets or managers who are currently managing projects and/or contracts. Senior managers who control cost and budgeting for their departments or organizations will also find this course extremely beneficial.

Offered By : Finance - University of Dar es salaam Business School

OTHER DETAILS

Cost: 400,000

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