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Course Detail

Budgets and Finance

Subject category: Leadership and Management

Course overview

This course will support managers to develop an understanding of the budgets within their organisation. After attending, managers will be able to prepare information for budgets within their responsibility. During the course managers will examine the role of the manager in cost control, revising budgets, and monitoring and reporting on budgeted performance.
This course is delivered using a range of methods and resources including:
Budgets, case studies, group discussions and videos
This course has been developed and mapped to:
ILM Understanding Financial Management

Course content

Budgets within an organisation
Preparing information for budgets for your area of responsibility
Monthly reporting against budgets
Methods to monitor variance between actual and budgeted performance
Causes of variance, their significance and ways of reducing adverse effects
Revising of budgets
Fixed and variable costs
The role of the manager in cost control

Learning outcomes

  • Describe the budgets within an organisation
  • Describe how to prepare information for budgets for their area of responsibility
  • Outline monthly reporting against budgets
  • Explain methods to monitor variance between actual and budgeted performance
  • Describe causes of variance, their significance and ways of reducing adverse effects
  • Explain how to revise budgets
  • Outline fixed and variable costs
  • Explain the role of the manager in cost control

Duration

7 hours

Call us on 01727 733 999 or email us at info@uniquetrainingsolutions.co.uk to find out how we can help you with this course.

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