Understanding costs and budgets in your organisation (ilm Level 3 module)

Who’s it for and what’s it about?

This course is for anyone who needs to understand the place that budgets play in the daily routines of the workplace. It is specifically aimed at those who are wanting to progress in their career and who recognise that in order to do that they will need to get their head around the money!

The purpose of this introductory course is to develop your knowledge and understanding of costs and budgets in your Association/Cooperative and particularly in your department.

Course Content

  • 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 department/organisation
  • The purpose and nature of basic cost statements; use of standard costs
  • Role of the manager in cost control
  • Mechanisms to maintain control of costs, and how to select the optimum method

Learning Outcomes

  1. Understand how to work to budget within your organisation/department
  2. Understand costs within an organisation/department

As this is a unit in the ilm level 3 Award in Leadership & Management you will be asked to complete an assignment in which you will be required to demonstrate your knowledge of working to budgets and that you understand costings.

All ilm level 3 courses are accredited and delegates are required to sit an assessment to achieve the qualification (if you do not require the ilm qualification, the courses can be taken without assessment).

Date: 14th June

Time: 9:30am – 4:30pm

Trainer: Gary Dalziel

Costs: Members £280.00/Non-Members £380.00

To book a place please visit our website by clicking here