Budgets & Costs

Course Duration is 1 Day

£395.00 Plus VAT

Delivery Method

Face To Face Delivery  Virtual Delivery One To One Coaching Closed Group Course Public Course

Business Benefit

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.

How to Book

If you are interested in booking this course, then please select an available date and then click book now to complete the booking. Can’t see a suitable date contact us on [email protected] and we can discuss specific date requirements.

Who Should Attend

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.

Learning Outcomes – by the end of this course you will be able to…

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

Embedding

These follow up coaching sessions help support your colleagues to embed their learning during their skills transfer period.  Applying new skills and changing behaviour takes effort and practice.  After attending a training course many colleagues will find they need support through this transition.  EQV can provide that support with follow up coaching sessions to help embed the learning.

Embedding coaching sessions can be delivered in 90 minute and half day durations.  The facilitator will work with the group to capture feedback about challenges and how to overcome them ensuring success going forward.

Having a formal embedding coaching session will not only increase the success of the skills transfer period but helps create a platform of motivation, inclusivity and commitment within the group.