Budgets & Costs

£795.00
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This course aims at giving non-financial managers a greater understanding of budgets and costs and helps them to develop the skills necessary to better control their costs and stay within budget.

Duration: 1 Day

Learning Objectives

  • Understand budgets within an organisation
  • Understand costs within an organisation

Course Content

  • The nature and purpose of budgets, and the advantages of budgetary control
  • Methods to monitor variance of actual performance against budget
  • Causes of variance, their significance and ways of reducing adverse effects
  • How to gather information for use in determining and/or revising budgets
  • Definition of fixed and variable costs; concept of break even, especially in relation to own organisation
  • The purpose and nature of basic cost statements; use of standard costs
  • Role of the manager in cost control
  • Mechanisms to maintain control of costs, and how to select the optimum method

Courses, Finance

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