Budgets & Costs

Course Duration is 1 Day

£395.00 Plus VAT

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.

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