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  Mr. Gerald Peries
  Trainer & Consultant  
  Event's Profile  
Date : 12 & 13 September 2019
Time : 9am - 5pm
Suite 7-5, Level 7
Wisma UOA II
21, Jalan Pinang
50450 Kuala Lumpur
  Online Registration, please register here
  Registration via Fax,
please download form here
and fax it to (603) 2713 6869.
  PM Resources' Contact  
(603) 2713 6868
(603) 2713 6869
  In-house Training  
  Apart from the above program, the following are also available for in-house training:
1. Business English
2. Business Writing Training
3. Effective, Impactful and Memorable Presentation Skills
4. Persuasive Business Communication Skills at Work
5. Effective Supervisory Skills & Personal Development Workshop Outline
6. Stress Management: How to Manage Workplace Stress Effectively?
7. Logistics Concepts & Practices
8. Pengurusan Rantaian Bekalan (Supply Chain)

Budgeting and Cost Control
A 2-Day Programme
Date : 12 & 13 September 2019 (Thursday & Friday)
Time : 9.00 am - 5.00 pm

In today’s competitive and uncertain business environment, an organisation’s control of cost, pricing strategy and budgeting can be a critical factor that can make the difference between success and failure.

Organisations that can have better control of their cost would have a clear competitive advantage, therefore accurate and timely cost information and proper budgeting techniques can go a long way in helping these organisations become successful.

All organizations would like to grow by taking on good projects. Proper project selection techniques would ensure that only the right projects are selected, thus positively contributing towards the overall profitability of the organization.

By the end of this course, participants should be able to:

  • The nature and importance of financial statements
  • The nature and purpose of budgets
  • The different types of Costing systems and techniques
  • How cost information can be used in decision making and budget preparation
  • The use of Budgets as a control tool
  • The nature and importance of making effective capital budgeting decisions
  • Skills in determining the cost of products and services.
  • Skills in controlling costs
  • Skills in preparing budgets and investigating variances.
  • Skills in calculating and interprerating performance ratios
  • Skills in forecasting project cash flows and evaluating the viability of projects
  • The usefulness and limitations of cost information and budgeting
Programme Outline
Module 1: Understanding the Bigger Picture – Where Are We Now
Financial statements
  • Income statements
  • Balance sheet
  • Cash flow statements
  • Performance ratios
  • exercise
Module 2:
Introduction to Costing
  • What is costing?
  • Classification of costs
  • Costing systems and techniques
Full Costing
  • Allocation & apportionment of overheads
  • Determining full cost & selling price of product
  • Brief look at activity based costing
  • Case study
Module 3:
Marginal Costing & Decision Making
  • Classification of Cost based on behaviour
  • Profit statement
  • Decision making using marginal costing concepts
Cost Volumn profit Analysis
  • Relationship and assumptions
  • Break-even point determination
  • Target profit & margin of safety
  • Case study
Module 4: Budgeting – Inter-Relationships & Preparation
  • Overview and benefits of budgeting
  • Budget as a planning & control tool
  • Human aspects of budgeting
  • Preparing the various budgets
  • Exercise
Module 5: Budgetary Control
  • Fixed & Flexible budgets
  • Definition of terms used
  • Setting standards
  • Calculating variances
  • Exercises
Module 6: Capital Budgeting
  • Forecasting relevant project cash flow
  • Project evaluation techniques – payback, NPV, IRR
  • Accepting or rejecting projects
  • Case study
Who Should Attend
  • Sales Managers & Executives, Sales Coordinators, Production Planners & Supervisors, Operations Executives, Purchasing Personnel, Inventory Supervisors, Administrative Assistants, Account Clerks, Account Assistants, Accounts Supervisors, Costing Assistants, Costing Clerks, New Accounting Personnel, Non-Financial Executives, New Financial Executives and Entrepreneurs who need a good understanding of budgets & cost control.
  • Interactive Lectures
  • Discussion
  • Practical Exercises & Case Study
Your Investment
Early Bird
RM1450.00 per participant
RM1550.00 per participant
Special Fee
Sign up 3 participants for the price of 2 participants

*Your investment includes materials & notes, lunch, tea break and certificate of attendance
PM Resources Sdn Bhd (Co. No. 466686-P)
Suite 7-5 Level 7, Wisma UOA II, 21 Jalan Pinang, 50450 Kuala Lumpur | Telephone: +603 2713 6868 | Fax: +603 2713 6869 |
Email: training@pm-resources.com | Website: www.pm-resources.com/training-series

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