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Effective Budget Controls

Course Overview

Format

Introductory Course
1 Study Hour
Online Study
Self-Printed Certificate

Accreditation

1 CPD Hour
CPD Certified

Course description

This course is aimed at team leaders and professionals in the finance sector, it explains what a budget is and the budget setting process.

The course describes effective budget controls, but before that it helps the learner to understand what a budget is – a financial plan using numbers.

The budget setting process is described in more detail, understanding how to allocate financial resources efficiently and effectively, enabling an organisation to achieve its goals.

The module reviews how effective budgeting can control costs in a number of ways and identify improvements and efficiencies.

The various people, roles and responsibilities involved in the budget process are described as well as rules and procedures for effective budgeting and how financial control is exercised within an organisation, with the establishment of a budgetary control system.

Finally the module reviews how to investigate and resolve variances in budget reports.

Learning Objectives

On completion of this course, learners will:

Understand how to set and monitor budgets to ensure efficiencies and cost controls
Be able to explain how to set realistic budgets and plan for contingencies
Be able to describe the process of monitoring budgets to ensure efficiencies and cost controls
Be able to regularly monitor and report against budgets to assess whether targets are being met
Be able to decide when to investigate variances in budget reports

Accreditation

The content of this course has been independently certified as conforming to universally accepted Continuous Professional Development (CPD) guidelines.

Certification

On successful completion of this course, you will be awarded a Virtual College certificate which you will be able to download and print immediately on completion.

Duration

This course will take approximately 30 minutes to complete, depending on learning speed.

Target Audience

This course is aimed at team leaders and professionals, including finance officers

Entry Requirements

There are no specific entry requirements for this course.

You will learn

How to set and monitor budgets to ensure efficiencies and cost controls

Be able to explain how to set realistic budgets and plan for contingencies

Be able to describe the process of monitoring budgets to ensure efficiencies and cost controls

Who is it for?

Roles including:

Team leaders and professionals

Finance officers

How the online courses work

Find a course

To begin searching for your online training you can click on the course category section on our website and browse through all of our training categories.
Alternatively if you already know the title of the training you’re looking for you can use the search bar located in the centre of the homepage and go directly to the course you want.
Buy the course

When buying one of our courses, you will need to enter a valid email address which will be used to create your account with our Learning Management System – Enable – where you will take the training. We will also send your purchase receipt to this email address, and any additional courses purchased in future using the same email address will be added to your system account.
Once you have purchased a course, you will be able to send this course to other people using your system account with Enable by entering the new learner’s email address so that they may access the training and set up their own system account with our Learning Management System.
If you are not 100% satisfied with your course then we offer a 30-day, no hassle money-back guarantee. To request a refund, you should email our learner support team with your receipt stating why you would like to be reimbursed. You, or your learners, must not have completed the training in order to make a valid refund claim. Any claim made after the training has been completed will be invalidated.
Take the course

This online course consists of a series of pages in which an instructor will talk learners through the lesson material. Pages may include supporting pictures, graphs, animation or extra sounds to help with the learning where appropriate. Some lessons will include challenges/quizzes to help learners stay engaged and interested in the material. Lessons can be taken in any order and each lesson may be paused and resumed at any stage.
The course is self-paced so learners decide how fast or slow the training goes. There is no deadline for completion but some of our courses have a test at the end to check that learners have understood the material. If the course has a test at the end then learners are required to achieve a 75% pass mark to successfully complete the course. Once learners have passed the test they are awarded a certificate, which can either be downloaded digitally or sent as a physical copy if this option was chosen when purchasing the course.
Your Certificate

Upon completion of any of our courses, learners will be able to download a digital certificate from Virtual College and will include the accrediting bodies logo where applicable.
If you have bought the posted certificate option (available on select courses), a high quality, seal embossed, certificate will be sent out at the beginning of the following working week.