Purpose
The qualifying learner is capable of:
• Explaining the concept of budgeting pertinent to an area of responsibility.
• Determining the elements of a budget relevant to an area of responsibility.
• Monitoring and controlling actual expenses (and revenue), against projected budget.
Training Content
Module 1: Explain the concept of budgeting pertinent to an area of responsibility.
• Budget is explained with reference to expenditure in an area of responsibility.
• Budget technique employed is explained by means of worked examples.
Module 2: Determine the elements of a budget in an area of responsibility
• The elements of the budget.
• Internal and external constraints on budgets are identified.
Module 3: Monitor and control actual expenses against budget
• Actual expenses are monitored
• Variances are identified and corrective measures are proposed.