#1
in Open Executive Education in Belgium and #25 worldwide
1,301
former participants
4.5/5
for Learning Impact
How do you compile cost data? How do you calculate cost? How do you establish a budget? In this three-day programme, you’ll live and learn approaches that allow you to better assess profitability of products, customers and markets. And you’ll gain knowledge and instruments to leap confidently into analysing and creating budgets.
Detailed programme
This programme gives you the ability to set up a simple cost system and understand the meaning of Activity Based Costing. Setting up and assessing budgets will become a piece of cake.
Module 1: Costing Concepts
- Discover key concepts such as variable and fixed costs, direct and indirect costs, differential and opportunity costs
- Explore various techniques for cost calculations
- Learn about contributions
- Learn to calculate actual, standardised and variable costs
Module 2: From Full Costing to Activity Based Management
- Learn to distinguish relevant from irrelevant costs and yields
- Discover Activity Based Costing (ABC)
- Understand how ABC helps to proactively control cost
Module 3: Budgeting
- Understand budgets
- Explore why organisations use budgets
- Learn how budgets are created
Interested in all the basic principles of financial management? ‘Mastering Costs and Budgets’ is part of the 7-day programme ‘Finance for Non-Financial Managers’.
Why this programme
- Master the key concepts and various techniques used to calculate costs
- Learn to recognise the difference between relevant and irrelevant costs and yields
- Become an expert in Activity Based Costing (ABC)
- Acquire techniques for establishing a budget
Who should attend
- Professionals
- Functional managers outside finance
- General managers with little prior knowledge of finance
Faculty
Filip Roodhooft
Professor of Management Accounting
Filip Roodhooft shows you how the finance function can be a valuable business partner for your organisation.
Kristof Stouthuysen
Professor of Management Accounting and AI-driven Finance
Kristof Stouthuysen drives sustainable value creation with management accountancy – and leverages technology to make better financial decisions.
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