Description
The Professional Certificate in Budgeting and Cost Management comprises 5 course, and provides first-line managers and business owners with the essential knowledge to be able to develop and manage business budgets, and analyze and control the costs within the organization.
- Level: First-Line and Middle Managers
- Courses: 4 (see course details below)
- Learning: On Demand 24/7
- CPD Hours: 80 Hours (each course takes approx. 20 hours to complete)
- Duration: 3 Months
- Certification: GMA Professional Credentials
Key Benefits
On completing the Professional Certificate in Budgeting and Cost Management, you will be ready to develop and manage business budgets, and analyze and control the costs within the organization. You will learn how to develop a full range of business budgets and how to manage and control the budgeting and budget reporting processes. You will acquire an in depth foundation in accounting, and understand how accounting contributes towards effective business management. Finally, you will learn the theory and practice of cost management, and learn how to manage and contain expenditure in the organization.
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Program Content
This program comprises the following courses:
COURSE 1: DEVELOPING BUSINESS BUDGETS
In this course you will learn what to include in the different types of budgets, and about budgeting best practice, and alternative budget approaches you may encounter. The course provides guidance, practical assignments, and numerous tools to help you develop budgets for most types of organization.
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COURSE 2: ACCOUNTING FOUNDATIONS
This comprehensive course is designed for managers and staff who require a detailed understanding of accounting – including non-financial managers and executives, budget holders, accounts personnel and support staff working with accounts.
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COURSE 3: FOUNDATIONS IN COST MANAGEMENT
This course provides non-finance professional with a comprehensive introduction to the basic principles of cost classification, costing methods and tools to apply in analyzing and reviewing the costs in your team or business unit. You will also learn a range of techniques to apply to reduce costs and improve profitability.
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COURSE 4: BUDGETARY PLANNING AND CONTROL
In this course, you will learn how to take more control over the budgeting process, and identify ways in which you can ensure your budgeting process and reporting processes work for your business unit, and enhance business performance.
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Skills / Knowledge
On completion of this program, you will be able to:
- Develop a range of business budgets
- Develop a consolidated business budget
- Develop budget forecasts
- Monitor and report on business budgets
- Understand basic accounting principles
- Understand the principles of bookkeeping
- Understand the debts and credits principle
- Understand and refer to accounting standards
- Apply a range of mathematical formula to analyze business financial activity.
- Understand cost centers and cost allocations
- Know how to classify business costs
- Understand the range of costing methods
- Use Standard costing effectively
- Understand and calculate breakevens
- Apply a range of techniques to reduce business costs
- Know how to align budgeting with business planning
- Know how to manage the budgeting process
- Manage the implementation of business budgets
- Know how to monitor and control business budgets
- Develop and manage the budgeting report process
Certification
Professional Credential Awards
CPD Certificates – On completion of each course in the program, you will be able to download and print a Course Completion Certificate, detailing your Continuing Professional Development Credits.
Digital Credentials – On successful completion of all your courses, you will receive an email with a link to your Digital Credentials. These will include your Digital Badge and Digital Certificate.
Social Share – You will be able to share your digital credentials on LinkedIn and other social media platforms.
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