CPD – Level 3 Certificate in Costing and Budgeting
CPD – Costing And Budgeting
Course Fee Details
Course Code:
CPD040
Course Fee:
£235.00
You can pay the full price or pay a deposit of £115.00 (0% APR), followed by 4 monthly payments of £31.50
This course is CPD Certified and upon completion of all assignment work you will be awarded Certification via the CPD Service.
This course required you to have the knowledge of the preparation and completion of draft final accounts.Upon completion you will possess an understanding of a business’ planning, budgeting and control processes and helping with the decision making within a business, including within a manufacturing environment.
Entry Requirements: This course is suitable for all who possess a knowledge of the preparation and completion of final accounting reports, e.g. Level 3 AAT, IAB.
Ideal Schools will provide:
- Interest free payment option – NO credit checks or 3rd party finance
- All Study Materials provided in two presentation folders
- Online access to ALL training materials – study on the go!
- 1 year tutorial support via phone, email & 24/7 support via private Facebook groups
- Continuous Self Progress tests & Answers
- 5 x tutor marked assignments
- Continued Career Support
- Professional CPD Service Certification
Study Time:
Approx 40-50 hours
Monthly Payment Notice
We do not charge interest for monthly payments. To cover costs of additional security measures recently implemented in the banking system, there is a £1.50 charge added to each monthly payments to cover the cost of applying these measures in our systems.
Course Contents:
Students studying this course, or who have already completed this course, can benefit from a LIVE online submission demonstration. This will ensure that you are FULLY prepared for that first client submission.
Underpinning Knowledge:
- Distinguish between Financial Accounting and Management Accounting as information systems
- Identify and classify cost by: element, function and nature (behaviour)
- Understand the importance of identifying and reporting relevant information
Accounting for Labour, materials and overheads:
- Understand the importance of stock (inventory) control and its valuation
- Determine labour cost
- Determine material costs
- Understand the process of Allocation, Apportionment and Absorption (Recovery) of Overhead
Costing systems:
- Identify the characteristics of various costing systems
- Calculate the cost of a job, process or service.
Break even analysis:
- Understand the principle of Marginal Costing as an aid to decision making.
Introduction to Budgets and budgetary control:
- Prepare a budget for: Income, Labour, Material and Overhead
- Prepare a Cash Budget
- Compare budget to actual performance and analyse the variances for income and the elements of cost