CAPITAL BUDGETING AND COST CONTROL (5 Days) COURSE OBJECTIVES: By the end of the course, participants should be able to: • Understand capital budgeting and its importance in organizational decision-making. • Recognize the different types of capital budgeting decisions. • Understand the principles of capital budgeting techniques. • Evaluate and compare capital budgeting alternatives. • Understand the principles of cost control. • Identify the key components of a cost control system. • Apply standard costing and its components. • Apply best practices in capital budgeting and cost control to their own work. COURSE OUTLINES: DAY ONE: Session One: Capital Budgeting Fundamentals. • Introduction to capital budgeting and its importance in organizational decision-making. • Types of capital budgeting decisions. Session Two: • Principles of capital budgeting techniques. • Key components of a capital budget. DAY TWO: Session One: Capital Budgeting Techniques. • Discounted cash flow (DCF) method and its applications. • Net present value (NPV) analysis. Session Two: • Internal rate of return (IRR) analysis. • Evaluating and comparing capital budgeting alternatives. DAY THREE: Session One: Cost Control Fundamentals. • Introduction to cost control and its importance in organizational decision-making. • Types of costs and their behavior. Session Two: • Key components of a cost control system. • Variance analysis in cost control. Day Four: Session One: Standard costing and its components. • Variance analysis and interpretation. Session Two: • Activity-based costing (ABC) and its applications. • Applying ABC to cost control. DAY FIVE: Session One: Case Studies and Best Practices. • Case studies of successful capital budgeting and cost control. Session Two: • Best practices in capital budgeting and cost control. • Group discussion and sharing of experiences and insights.