TRAINING COURSE OVERVIEW
Budgeting and Cost Control are fundamental for contemporary organizations. This Anderson training course will help you master the most widely used internal tools for planning and monitoring activities and sustaining performance over time – Budgeting & Cost Control. The Budgets are inextricably linked with both strategy formulation and execution. But accurate Budgets depend on Cost Control and their accurate analysis. It is essential to understand how costs behave so that realistic plans can be produced, and appropriate financial and non-financial resources can be made available to the business.
This Anderson training course will allow you to master the traditional tools of budgeting and control as well as new dynamic approaches, which reflect and respond to the current complex business environment.
TRAINING COURSE OBJECTIVES
By attending this Anderson training course, delegates will be able to:
- Master the essential component of costing and budgeting
- Understand fixed and variable costs, direct and indirect, OPEX and CAPEX
- Link innovative approaches to cost savings
- Improve capital budgeting
- Measure and Manage the performances that matters
DESIGNED FOR
This Anderson training course is suitable to a wide range of professionals but will greatly benefit those with direct or indirect budget responsibilities within a Team, Department or Division. Moreover, the course is suitable to first appointment professionals on fast-track development programs, and to professionals from every business discipline and department who have to run budgetary plans, and who are responsible for cost and strategic analysis, including:
- Financial Planning & Control Staff
- Those with direct or indirect financial responsibilities
- Those from every business discipline and department who have to run departments and budgetary plans, and who are responsible for cost and strategic analysis
- Those from all sectors of industry, irrespective of functional responsibilities, but particularly those involved in manufacturing, production, engineering or sales
- Those working in a project management environment
DAY ONE: MANAGEMENT CONTROL
- Budget target-setting, participation and control
- Strategic planning, budgeting and management control systems
- Key elements of planning: setting objectives, and responsibility accounting
- The role of financial control, and management accounting concepts
- Advantages and disadvantages of budgeting
- Budgeting within your organisation
DAY TWO: BUDGETING AND COST CONTROL
- The essential stages of the budgeting process
- Types of budgets, incremental and zero-based budgeting
- Budget preparation: operating budgets and cash budgets
- Variable costs and fixed costs
- Contribution and marginal costing
- Decision-making using marginal costing, and cost/volume/profit (CVP) analysis
DAY THREE: TRADITIONAL, AND ACTIVITY BASED COSTING & BUDGETING
- Costs and activities
- Direct costs and indirect costs, product costs and period costs
- Cost allocation and absorption costing
- Product cost cross-subsidisation, and activity-based costing (ABC)
- Activity based budgeting (ABB)
- Budgetary control: standard costs, flexed budgets and variance analysis
DAY FOUR: CAPITAL BUDGETING
- Capital investment costs and operating costs
- Accounting rate of return (ARR) and payback
- Discounted cash flow (DCF), and net present value (NPV)
- Cost of equity, cost of debt, and the weighted average cost of capital (WACC)
- Internal and modified internal rate of return (IRR/MIRR), and discounted payback
- Capital rationing, budgeting and the profitability index (PI)
DAY FIVE: LINKING FINANCIAL AND NON-FINANCIAL KPIS
- Planning for world class performance
- Drivers of corporate and shareholder value, and financial strategy
- The changing cost base and alternative approaches to costing
- The conflicts between accounting and business performance measurement
- Integrating financial and non-financial key performance indicators (KPIs)
- The balanced scorecard
01
Services
Third-Party Inspection
From start to finish, Miqias offers third party inspection services expertise you can rely on. Our processes ensure that your projects are staffed properly, and that projects are completed to spec, on time, and on budget.
Capitalizing on deep industry knowledge and the expertise of our professional personnel, Miqias provides a full range of third party services, including pipeline inspection, facility inspection, vendor inspection, and temporary workforce. We invite you to learn more.For national inspection services or a pipeline inspector
When critical structures are being inspected as part of an engineering project, our engineers are able to oversee the work and impartially provide additional assurance that any inspections taking place are sufficiently rigorous and following best practice.
Following some third-party inspection services:
– Pipe line & Pipe network & Steel Structure Fabrication & Erection
– Welding & NDT
– Surface Protection & Sandblasting & Coating Services.
– Electro-Mechanical
Non-Distructive Testing (NDT)
Miqias provides non-destructive testing (NDT), materials testing and welding services for a diverse range of industries
We have the capability to perform NDT for pipe line, tanks, pressure vessels & boilers in accordance with ASME, AWS, API, AISC & other known international codes.
– X-Ray & Crawler X-Ray -RT
– Magnetic Particle Testing -MT
– Dye Penetrant Testing -PT
– Positive Material Identification – PMI
Post Weld Heat Treatment (PWHT)
MIQIAS offers post weld heat treatment (PWHT) to improve weld microstructure and reduce residual stresses developed during welding.
MIQIAS specializes in performing PWHT for the steel and metal fabrication industries including the construction of pressure vessels, pressure piping, storage tanks, buildings, bridges, offshore platforms, power plants, oil and gas refineries, and petrochemical plants.
02
Services
Welding Inspection
MIQIAS provides specialized welding services utilizing the common welding processes such as SMAW, SAW, GTAW, GMAW, FCAW. We provide management, supervision, welders, inspectors, NDT as well as equipment & consumables for any type of welding works. We can also provide the necessary fitters, riggers and other manpower to do quality-welding work on a lump sum or unit rate basis.
Lifting Equipment Inspection
Thorough inspections from the experts to ensure the integrity of your safety critical lifting equipment
As an industry leader in the field of lifting equipment we provide our clients with thorough lifting gear inspections and management.
We go further than basic inspection as it is crucial our clients have confidence in the integrity of their safety critical lifting equipment.
Critical areas of a cane that we inspect include the pedestal, slew ring, boom, gantry, hook blocks, machine house, a-frame, and wire ropes.
Miqias can Provide qualified inspector to perform inspection for the below items.
- Mobile crane.
- Overhead crane.
- Gantry crane.
- Forklift.
- Front end loader.
- Trailer.
- Lifting equipment Accessories
Painting Inspection
Miqias provides a rapid, first class service to clients by providing highly qualified Inspectors using our unique and innovative online reporting system.
Our Inspectors understand the need to perform quality work that exceeds our client’s expectations. We set ourselves apart from the competition by providing our staff with support and up to date training enabling them to provide a comprehensive service from the initial survey to onsite inspections, ensuring that all works are completed in accordance with standards and the specification.
Miqias offers a variety of inspection services for surface preparations, coating, and painting in accordance with SSPC/NACE guides, standards and project specifications. Thickness, adhesion, holiday and other testing methods are available
- Salt Test
- Cleanless
- Surface profile Gauge
- Environmental Condition test.
- Dry film Thickness
- Wet Film Thickness
- Holiday Test (Spark Test)
- Cross Cut Test
- Pull of tester
03
Services
Supply NDT Quality and Safety Products
- Pressure Instruments
- Temperature Instruments
- Dimensional Hand Tools and Gauges
- Safety Equipment and Gas Detectors
- Flowmeter Calibration
- Coating Instruments
- Hardness Testers
- Ultrasonic Instruments
- Magnetic Instruments
- Lights Instruments
- Torques Wrench
- Welding Machine
- Tank Calibration
calibration Services
- Pressure Instruments
- Temperature Instruments
- Dimensional Hand Tools and Gauges
- Safety Equipment and Gas Detectors
- Flowmeter Calibration
- Coating Instruments
- Hardness Testers
- Ultrasonic Instruments
- Magnetic Instruments
- Lights Instruments
- Torques Wrench
- Welding Machine
- Tank Calibration
04
Services
Magnetic Flux Leakage (MFL)
- Magnetic Flux Leakage (MFL)
Chemical Composition Test (PMI)
- Chemical Composition Test (PMI)
Training
We offer specialized training for the usage of NDT Instruments
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