This very practical course begins with a look at the key principles of costs and costs management. We then go on to review the range of different types of budgets, which together make up the master budget framework for an organization.
You will learn what to include in the different types of budgets, and about budgeting best practice, and alternative budget approaches you may encounter.The course provides guidance, practical assignments, and numerous tools to help you develop budgets for most types of organization.
On completion of this course, you will be able to discuss budgeting and cost management issues with confidence, and to develop a budget for your own business, or for your business unit.
The content of the full course includes:
- Understanding Costs
- Understanding Costs Management
- Understanding Standard Costs
- Understanding Budgets
- The Budgeting Architecture
- The Sales Budget
- The Labor Budget
- The Production Budget
- The Materials Budget
- The Overhead Budget
- The Selling and General Admin Budget
- Finalizing the Budget
- Monitoring the Budget
- Best Practices in Budgeting
Suitable For: All non-finance staff involved in developing budgets
Course Duration: 20 Hours
Course Access Duration: You will have access to this course extract for 90 days from enrolment.
Certification: Certificate of Attainment
Online Delivery: Video, presentations, quizzes and virtual tutor.
Resources: Learners manual, budgeting templates, additional articles and worksheets.