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.
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.
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.