Budgeting and Cost Management


Is it budget time in your organization? Have you been tasked with setting a budget, or are you part of team setting the budget? If you are, then this course will prove invaluable for you.

This introductory course reviews the range of different types of budgets, which together make up the master budget framework for an organization. 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.

The content of the course includes:

  • Understanding Budgets
  • The Budgeting Architecture
  • The Sales Budget
  • The Labor Budget
  • The  Production Budget
  • The Materials Budget
  • The Overhead Budget
  • The Selling and General Admin Budget
  • Finalizing the Budget
  • Monitoring the Budget
  • Best Practices in Budgeting


Online courses at Global Management Academy are IPad, Android and Mobile Phone Compatible, and comprise:

  • Online presentations
  • Online quizzes
  • Online videos
  • Downloadable learning manual / workbooks / templates/ articles (manuals contain between 60 and 100 pages)
  • Continuous Tutor support throughout the course

Suitable For: All non-finance staff involved in developing budgets

Course Duration: 20 Hours

Course Access Duration: You will have access to your course for 90 days from date of purchase

Certification: Certificate of Attainment

Delivery: On-line

Resources: Learners manual, Budgeting templates, additional articles and worksheets.

ILM Equivalence: 8600-324 – Understanding Costs and Budgets (1 Credit)