Cost Control & Budgeting

16-17 Jul, 2018, Kuala Lumpur

IPA Training is Registered with

Learn from the Best

Dr. Steven Liew is a fellow member of the Chartered Institute of Management Accountants, UK and is a Chartered Accountant by profession. He has an Asia Pacific Executive MBA (for senior executives) from the National University of Singapore and a PhD. in international finance with Rushmore University of USA.


Dr. Liew had worked in private sector companies, ranging from family-run businesses to professionally manage multi-national corporations in South Asia and the ASEAN region. He has accumulated more than 30 years working experience in senior financial & operational management positions spearheading the profitability and growth of companies. He has worked for the MBF Finance & its related group of companies over the 10 years period.


He is a registered Trainer with the Government Human Resources Development Berhad (Pembangunan Sumber Manusia Berhad). And he is a GST Tax Consultant and had successfully completed the Custom examination


Dr. Steven Liew had conducted various seminars for corporate clientele including Association of Credit Management Malaysia, Chartered Institute of Management Accountants, Malaysia Institute of Management, Malaysia Institute of Accountants, Institute of Bank Bank Malaysia, Nestle, IQPC Worldwide Pte Ltd, Singapore, Lexis Nexis, Proton Edar Malaysia , Brunei Investment Agency, Small Medium Industries Development Corporation, Asia Business Forum Pte Ltd, Hong Kong, Ministry of Development, Brunei, BICPA Asean Management, Brunei, Risda Group Of Companies, Sales & Marketing Training Forum, Sri Lanka, Giant Retail Sdn Bhd, Telekom Brunei & Ministry of Foreign Affairs, Malaysia, Sabah Electricity Sdn Bhd, Bank Islam Brunei Darussalam. Continental Tyres, Sime Darby Bhd ,Sony Malaysia Sdn Bhd, Perodua Sdn Bhd & Credit Guarantee Corporation (M) Bhd; Fujixerox, SYNERGY RMS PTE LTD, India; UDA Holdings, SPNB, Diners Club, Elk Desa Capital Bhd, Antah Schindler, UCSI & Ministry of Finance; Seccom Sdn Bhd; Bridgestone Chemical Products (M) sdn Bhd; Dialog Group Bhd; SEDCO, KK ; Hosiden Electronics (M) Sdn Bhd; STO Maldives; Indah Water Consortium Sdn Bhd; CPA Australia (M) Sdn Bhd & VMAC Business Group (M) Sdn Bhd, China.


He is currently providing management consultancy and training specialising in GST, Forecasting , Fast Closing Monthly, Leadership, Strategic Planning, Budgeting, Accounting, Finance, Cost Reduction, Credit Management & Loan Recovery.

Venue Details

Furama Hotel Kuala Lumpur
136, Jalan Changkat Thambi Dollah, 55100 Kuala Lumpur, - 55100 Phone :(603) 2788 8888

Contact us

O - 03 2283 6109 | M - 019 3134436

O - 03 2283 6100 |  M - 019 363 7822 

O - 03 2283 6101 | M - 012 2011247
F - 03 2283 6108

A-28-5, 28th Floor, Menara UOA Bangsar, 
No.5, Jalan Bangsar Utama 1, 
59000 Kuala Lumpur

  • Module 1: Converting Business Plan & Key Performance Indicators into Budgets
  • Module 2: Profit Planning and Activity-Based Budgeting (Exercise)
  • Module 3: Budgets, Behaviour and beyond Budgeting (Case Study)
  • Module 4: Project Based Budgets (Case Study)
  • Module 5: Managing Material Costs
  • Module 6: Managing Labor Costs
  • Module 7: Managing Overhead Costs
  • Module 8: Case Study (Turn-around the Company)
  • Module 9: Tracking Cost Control Using Key Performance Indicators (KPI)

Is your organization budget still valid & reliable?


This practical budgeting course will assist you to revisit the way budgeting is being done and ways to improve and create values for your organization. Many budgeting case studies will be used to highlight the importance of using your financial statement to achieve your budget target.


In order to reduce cost effectively, you need to have the heart of an entrepreneur. By creating value for your organization, you will be amazed at the speed of career advancement.

  1. Revisiting Your Organization Vision & Mission To Be Relevant In Today’s Competitive Environment
  2. Devising Ways To Achieve Your Budget Targets
  3. Learning From Successful Budgeting Using Beyond Budgeting Approach
  4. Planning How To Achieve Optimum Profitability Under Budget Constraints
  5. Considering The Basis For Deciding Whether To Proceed Or Reject The Project Proposal
  6. Managing Materials, Labour & Overheads Costs effectively
  7. Developing Strategies On Turnaround The Company
  8. Designing Strategies To Improve Debt Collection & Cash Flow
  9. Formulating The Cost Reduction Strategies For Your Organization Costs
  10. Understanding The Tracking Cost Control Using Key Performance Indicators (KPI)

Accountants, CFO, Business Managers, Finance Managers, Supervisors, Managers and All Professionals Who Are Interested in Managing Budgeting & Cost control


Case Study & Group Discussion. Real-Current Financial Issues & Cases Will Be Analyzed And Scenario Solutions Will Be Discussed Within The Course. Special Feature: Participants Will Receive a Set of Practical Templates suitable for all sectors. These templates;

  • Ease in planning, reporting & decision making process
  • Snapshot of overall issues & problem
  • Financial modeling using goal seek strategies for cash flow, profit, sales target, budgeting & working capital requirements.
  1. Drafting proper job descriptions and specifications
  2. Drawing up a job evaluation chart and evaluate jobs for internal equity
  3. Establishing job grades, pay grades and salary structures
  4. Using performance appraisal ratings to match salary increases and bonuses
  5. Drawing up an equitable incentive scheme including gain sharing plans
  6. Administering annual leave plans
  7. Computing pay for work during work hours and OT on a rest day and public holiday
  8. Computing encashment of annual leave and public holidays
  9. Processing pay for resignation and termination of services
  10. Administering retrenchment and retirement benefits
  11. Administering non-mandatory benefits
  12. Administering medical benefits
  13. Administering maternity and paternity benefits
  14. Administering SOCSO & EPF contributions and claims
  • “What I enjoyed from this cost reduction program is Dr. Liew sharing on his real experience; Cost saving method & Case Study.”
    HR Manager, Hock Seng Lee Concrete
  • “Thank you Dr. Liew for guiding us in cost reduction on how to look out for cost reduction areas and the approach to implementation.”
    Assistant General Manager; Sarawak Produces Industry Co
  • “I really appreciated Dr. Liew imparting his Real life story of actual application of cost reduction strategies & many case studies.”
    Plant Controller; Ceramica Indah Sdn Bhd
  • “The case studies and exercises that are most practical & relevant to me are story of Automobile cost reduction; Cost Reduction/Turnaround case studies; Johnson- Relates to Speaker Personal experience – Soft landing skill”
    Purchasing Executive; Ceramica Indah Sdn Bhd
9:00 Module 1: Converting Business Plan & Key Performance Indicators into Budgets
  • CEO Vision & Mission
  • KPI (Department & Individual)
10.45 Module 2: Profit Planning and Activity-Based Budgeting (Exercise)
  • Operational Budget
  • Financial Budget
1:00 Lunch

2.00 Module 3: Budgets, Behaviour and beyond Budgeting (case study)
  • Budget Games
  • Beyond Budgeting
  • Successful budgeting
3.45 Module 4: Project Based Budgets (Case Study)
  • Calculation of operating cash flow
  • Calculation of Project payback period, profitability index, IRR & NPV of the project?
  • Basis for decision on proceeding or rejecting the project proposal
5:00 End Of Day 1
9:00 Module 5: Managing Material Costs
  • Procurement
  • Inventory
  • Design errors
  • Technical errors
  • Reject output
10.45 Module 6: Managing Labor Costs
  • Inefficient Work Processes
  • Absenteeism
  • Staff quality
  • Manpower management
  • Staff turnover
  • Complex process
12.00 Module 7: Managing Overhead Costs
  • Assets Management
  • Customers
  • Financial resources
  • Human resources
  • Expenditures
1:00 Lunch

2.00 Module 8: Case Study (Turn-around the Company)
  • Asset conversion
  • Collection
  • Cost reduction
  • Revenues
  • Purchasing policy
3.45 Module 9: Tracking Cost Control Using Key Performance Indicators (KPI)
  • Identify Cost control matrix
  • Design performance standard for cost control
  • Weightage
  • Linking cost control to Motivations
5:00 End Of Course