Detailed programme

The programme 'Mastering costs & budgets' consists of three days:

Module 1: Costing Concepts

  • Key concepts such as variable and fixed costs, direct and indirect costs, differential and opportunity costs
  • Various techniques for cost calculations
  • What is contribution?
  • How to calculate actual, standardised and variable costs?

Module 2: From Full Costing to Activity Based Management

  • How do you distinguish relevant from irrelevant costs and yields?
  • What is Activity Based Costing (ABC)?
  • How does ABC help to proactively control cost?

Module 3: Budgeting

  • What is a budget?
  • Why do organisations use budgets?
  • How are budgets created?

You can follow this programme on its own or as part of the complete package ‘Financial Management for Non-Financial Managers’.

A learning experience like no other

When you come to Vlerick, you step away from your usual routine and gain a wider perspective. You discover how to tackle challenges, turn your knowledge into action and apply your skills in your workplace. You learn from faculty who are experts in their fields – and from a diverse group of peers. All these things help you become a confident, skilled professional, ready to succeed in business – and in life.

Vlerick Learning Experience

Drive real change in your organisation

A learning experience with real impact on your operations? A management programme tailored to the specific needs of your business? Contact us and discover how we can design and deliver customised programmes for your team that add genuine value to your organisation.

Need help?

Contact our Programme Advisor
Programme Advisor
Tel + 32 9 210 98 84
[email protected]
Find the programme most relevant for you!

Our programme finder allows you to find the management programme that best fits your needs.

Find a Programme

Meet Us

Info Sessions & Open Days
25 Apr
Drop In on our Leuven Campus
Category: General Info Sessions

06 May
Great place to work® inspiration session : how to establish a great employee experience?
Category: General Info Sessions

13 May
Drop In on our Ghent Campus
Category: General Info Sessions

No. 1 for Executive Education

Related Programmes

All Vlerick Programmes

Related Articles

  1. What makes financial planning in a regulated environment so different?

    A considerable number of case studies on financial planning have been developed, but it is more difficult to find ones that deal with financial planning in a regulated environment. For the Future Grid Managers Programme, Professor Filip Roodhooft, along with colleagues from the Energy Centre, straight away developed two that play out in the regulated energy sector. In the leading roles are the Belgian distribution system operator (DSO) Eandis, now Fluvius, and the French transmission system operator (TSO) Réseau de Transport d’Électricité (RTE).

  2. Do banks give adequate consideration to risks?

    Although the 2008 financial crisis is already more than a decade ago, it is still fresh in our minds. Irresponsible lending behaviour by the banks was identified as its leading cause. What determines such behaviour? For his PhD thesis, Thomas Matthys investigated the lending behaviour of banks in three different contexts using data analysis and statistical models. We talked to him about borrowing in the interbank market, the impact of activist hedge funds and expansive monetary policy.
All articles