Budgeting & Cost Control for Non-Finance Professionals

27 April 2026 (Mon)

Time
0930 –1700

Fee
HK$2,000

Venue
Admiralty/ Wanchai

Language
Cantonese supplemented with English materials

Budgeting and cost analysis are crucial elements for the management of engineering projects. In addressing the issue, this seminar provides participants with key cost awareness and budgetary skills, which are essential for managing and controlling resources in times of increasing competition where the budgets are linked with both the achievement of strategic objective as well as with evaluation of future plans and initiatives.

Content

  • The role of budgeting within management accounting
  • Key concepts and terminology of budgeting
  • Key concepts and terminology of cost management
  • Fixed vs. variable costs: the Cost-Volume-Profit analysis model
  • How to refine a costing system?
  • Costs: Life Cycle Costing, Target Costing and Kaizen Costing
  • Direct vs. indirect costs: Traditional Cost Allocation systems vs. Activity-based Costing
  • Introducing Activity-based Budgeting and Activity-based Management
  • Case studies

Trainer

Dr. Kamsuo Wong
DBA MRPS MA LLM MBA CPA (HK) CPFA (UK) FCPA (Aust.)

Dr. Kamsuo Wong is highly regarded as a multi-faceted academic backed by 20 years of extensive professional experience not only in accounting but also management training.  He is a professional accountant in Hong Kong, United Kingdom and Australia and the member of Hong Kong Institute of Certified Public Accountants (CPA), Chartered Institute of Public Finance and Accountancy (CPFA), and CPA Australia (FCPA).

Dr. Wong is an experienced educator and professional with profound knowledge and expertise in business sector. He is currently the Independent Non-Executive Director of ETS Group Limited (stock code: 8031) and Adjunct Lecturer at a number of universities and tertiary education institutions.  He had also provided various trainings for multinational corporations, NGOs, professional bodies and HKSAR Government in the areas of financial reporting, financial management and management accounting.