Disclaimer: Cardiff Institute operates as an independent institute and is not administered or affiliated with any universities in the United Kingdom

Effective Budgeting and Cost Control

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Why Attend

Planning and budgeting are must-have skills for all professionals regardless of their function or managerial level. This course covers the concept of budgeting as a planning tool, a financial device and a control mechanism. In addition, it provides the necessary application tools required to making long-term and short-term planning decisions.

Course Methodology  

This course focuses on exercises, case studies, and individual and group presentations.

Target Audience 

All managers, supervisors and analysts who prepare or use management budgets.

Course Objective

Provided by SQ, this programme is available by distance learning, allowing you to study flexibly while balancing work and personal lifes.


Defend the importance of linking an organization’s budget with its strategic plan

Demonstrate how the budget relates to the key financial statements: balance sheet, income statement, and cash flow

Prepare the key elements of an operating and capital budget and evaluate the different budgeting approaches used

Apply cost control tools, analyze management variance reports and take proper corrective action

Calculate different capital budgeting evaluation techniques as included in a capital expenditure proposal

Utilize cost-volume-profit analysis in making budgeting decisions

Target Competences


Interpreting financial statements

Planning and budgeting

Cost control

Capital budgeting

Applying cost-volume-profit analysis

Utilizing breakeven analysis

Course Outline


Planning and the functions of management

Cost control

The key financial statements

Capital expenditure budgeting and analysis

Budgeting: process and approaches

Cost-Volume-Profit analysis (CVP)

Program Methodology


In Person 

Online