Understanding costs and budgets in an organisation – ILM Unit Certificate

Course description

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

Role of the manager in cost control

Course Aims, Length, Entry and Certification

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.

Duration:

It runs for three hours one evening per week for 2 weeks or over one full day.

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.