Planning, Budgeting and Cost Control

Malaysian Export Academy (HRD Corp Registered Training Provider) Presents

Programme No.: 10001331952

2 & 3 March 2026, Mon & Tues | 9.00 am – 5.00 pm | Crystal Crown Hotel, Petaling Jaya

[HRD Corp Claimable Course]

Introduction

In today’s highly competitive and volatile business environment, effective cost control, strategic pricing, and robust budgeting processes are crucial for business success. Organizations that can manage their costs and investments wisely gain a competitive edge and improve their chances of long-term sustainability. This practical, hands-on workshop equips participants with the essential skills and knowledge to control costs, prepare accurate budgets, evaluate project viability, and make sound financial decisions using cost and budgetary information.

Course Objectives

This course will enable participants to:-

COMPREHEND

• The role and significance of financial statements.
• The purpose and structure of various budgeting frameworks.
•  Types of costing systems and their applications.
• How cost data supports decision-making and budget preparation.
• The role of budgets in performance monitoring and control.
• The principles of capital budgeting and investment analysis.

DEVELOP

• Skills in product/service cost determination.
• Competence in cost monitoring and control.
• Proficiency in budget preparation and variance analysis.
• Ability to calculate and interpret key financial performance ratios.
• Skills in project cash flow forecasting and investment evaluation.

Who Should Attend?

Sales Managers & Executives, Production Planners & Supervisors, Operations Executives, Purchasing Personnel, Inventory Supervisors, Administrative Assistants, Accounts Clerks, Accounts 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.

Methodology

Interactive lectures, group discussions, practical exercises & case study
NOTE: SIMPLE CALCULATOR REQUIRED

Course Outlines

Module 1: Understanding the Bigger Picture – Financial Statements

• Overview of Income Statement, Balance Sheet, and Cash Flow Statement
• Key Performance Ratios and Their Interpretations
• Case study

Module 2: Cost Classification & Full Costing Techniques

• Understanding Direct, Indirect, Fixed, and Variable Costs
• Introduction to Costing Systems (Job, Process, Activity-Based)
• Full Costing: Allocation & Apportionment of Overheads
• Calculating Full Product Cost and Determining Selling Prices
• Hands-on Activity

Module 3: Marginal Costing & Break-Even Analysis

• Behavioral Cost Classification
• Marginal Costing for Short-Term Decision Making
• Preparing Profit Statements Using Marginal Costing
• Break-Even Analysis: Concepts, Assumptions & Applications
• Determining Break-Even Points, Target Profits & Margin of Safety
• Hands-on Activity

Module 4: Budgeting – Framework & Preparation

• The Planning & Control Cycle
• Linking Strategic Plans to Budgeting
• Benefits and Objectives of Budgeting
• Using Budgets as Planning and Control Tools
• Human Dynamics in Budgeting – Roles & Responsibilities
• The Master Budget and Components: Sales, Production, Operating, Cash Budgets
• Profit and Cash Flow Impact Analysis
• Activity: Build a Mini Budget from Scratch

Module 5: Budgetary Control & Variance Analysis

• Fixed vs. Flexible Budgets
• Understanding Budget Terminology
• Setting Realistic Budget Standards
• Calculating and Interpreting Budget Variances
• Performance Monitoring Through Variance Analysis
• Hands-on Activity

Module 6: Capital Budgeting & Investment Decisions

• Forecasting Relevant Cash Flows for Projects
• Evaluation Techniques:
  o Payback Period
  o Net Present Value (NPV)
  o Internal Rate of Return (IRR)
• Investment Appraisal and Decision Making
• Case Study

Trainer’s Profile

GERALD PERIES received his Master of Business Administration and Bachelor of Science Degree in Finance from Southern Illinois University, U.S.A.

Gerald has over 20 years’ experience in training and lecturing for various business organisations and private colleges & universities. His areas of expertise are in Finance and Accounting. Gerald combines a wide range of practical and hands-on training experience in a challenging and interactive environment.

At present he regularly conducts training programs on Handling Full Set of Accounts/Book-Keeping Skills, Enhancing Your Accounting Skills, Cash Flow Management, Practical Budgeting Skills, Finance for Non-Finance Managers and Project Cost management & Decision Making.

Participation Fee

RM1, 944 per person for 2 days

Inclusive of  Tea-breaks, Lunch, Course Notes, Certificate of Participation, and 8% SST.

#Muslim participant will be given 2 meal vouchers during the month of Ramadan

HRD Corp Claimable Course (subject to approval).

Registration Details

Organiser: Malaysian Export Academy Sdn Bhd (MyCoID: 791613A)

Contact Person: Eryna | Email: eryna.mexa@gmail.com

Payment: Kindly make bank transfer payment to Account No: 800 221 0777 of CIMB Bank, payable to Malaysian Export Academy Sdn Bhd.