Costs and budgets in an organisation – ILM

The aims of the ILM Unit Certificate – Understanding costs and budgets in an organisation  – in  are to give participants a good grounding in the financial aspects of running an organisation.

Key topics include:

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; and

Role of the manager in cost control.

Course Aims:

The course is for people who want to understand how to finance a business, deal with various stakeholders and understand the main accounts and terms.

Entry:

Entry is open – no prior qualifications are required to enrol.

Certification:

On completion of their written assignment candidates receive the ILM Unit Certificate in Working with Costs and Budgets.

ILM is part of City and Guilds.

Duration and Times

The course runs over 1 day from 9:30 am to 4:00 pm with a break at lunchtime.

The course is delivered online in real time by the tutors.

E&OE