Effective Budget Controls

Online Product
Online
Course Hours
1 hour course
Learn about budget setting, allocating resources effectively, monitoring and reporting, and efficient resource allocation.
£15.00 + VAT
CIOB Academy

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Overview

Budget Control is a process of financial planning and implementation to ensure resources are allocated in an efficient way and monitored so that organisations can achieve their goals. It is a skill that anyone required to set up and manage budgets needs to know.

In this course, you will learn effective budgeting control practices. This includes looking at budget setting, resource allocation, budget control mechanisms and reporting. You will also cover ways to identify improvements and efficiencies.

By the end of the course, you will have confidence to take control of your budgets, and manage them.

Company Offer

If you are a company looking to train multiple employees at a time, please contact the Academy to explore the best offers. This course can be sold individually, and also packaged with other courses on our site.

*Please note, you cannot apply the CPD discount code to this course.

Objectives

By the end of the course, you will be able to:

  • Understand how to set and monitor budgets to ensure efficiencies and cost controls
  • Explain how to set realistic budgets and plan for contingencies
  • Describe the process of monitoring budgets to ensure efficiencies and cost controls
  • Regularly monitor and report against budgets to assess whether targets are being met
  • Decide when to investigate variances in budget reports

Suitability

This course is suitable for anyone who needs to set and manage budgets.

Structure

An online course with interactive eLearning and a multiple choice quiz.

Contents

This course covers:

  • Budget setting
  • Budget monitoring
  • Cost controls
  • Contingency planning
  • Monitoring
  • Reporting
  • Variances

Assessment

The end of course test consists of multiple choice questions. Learners are required to achieve a 75% pass mark, and, if necessary, may attempt the test three times at no extra cost. If learners do not achieve the 75% pass mark, further attempts may be given by contacting our support team.Learners will be able to download a digital certificate on completion of each course. This can be printed, and we suggest you keep it for your records.