In this workshop, participants from different departments will get to know how to manage their cost and expenses and take important financial decision that will impact the whole organization’s financial acumen. Participants will be aware of Financial Decision-Making Tools Differential analysis (also called incremental analysis) is a management accounting technique in which we examine only the changes in revenues, costs and profits that result from a business decision instead of creating complete income statements for each alternative. Moreover, knowing capital budgeting techniques, Forecasting department activities During this workshop, participants shall be equipped with plug-and-play templates covering the different skills and concepts and turn it into applicable tools.
Understand the principles behind best practice financial management
Explain the importance of budgeting within a strategic framework
Build a robust budgeting process within their departments
Know when and where to use various budgeting approaches
Forecast future performance by better analyzing revenue and cost drivers
Financial objectives overview
How to set SMART financial goal
When to say your department has succeeded financially
Cost/Unit Determination
Types of costs
Fixed Costs
Variable Costs
Direct Cost
Indirect Costs
Cost allocation
Markups
Other factors affecting prices
Differential Analysis to make decisions
Cost Benefit Analysis
Payback period
Capital Budgeting Techniques
Budgeting
Beacon FinTrain prioritizes excellence in every service, ensuring top-notch, reliable, and consistent outcomes that meet and exceed client expectations.
We focus on finance, offering expert knowledge and bespoke solutions that cater to the unique needs of finance professionals in the Middle East and Africa.
Time is money. We respect deadlines, delivering precise and timely results to help our clients stay ahead in the fast-paced financial world.
Beacon FinTrain is a guiding light in finance, providing insightful advice and support to navigate the complexities of financial markets and regulations.
We uphold the highest ethical standards, fostering trust and transparency in all our dealings to build lasting relationships with clients.
Adapting to the dynamic finance sector, we offer versatile services and solutions that align with the evolving needs of our clients.