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Training and Professional Development

Module detail

Finance, costing and budgets

Using the most appropriate method of costing can help to ensure that your organisation maximises the value of its bids. The workshop is based on working through a scenario of a new project and considering its costs. This involves practical experience of pricing and costing the bid

Objective

  • Understand accounting terminology
  • Appreciate different cost types and cost drivers
  • Distinguish between cash and accrual accounting
  • Maximise overhead recovery
  • Differentiate costing and pricing
  • Become clearer about how budgets work and how to use them when applying for funding
  • Understand different types of costs and cost drivers

Course Content

  • Costs and assets
  • Cash and accrual accounting
  • Timing differences
  • Cost allocation
  • Pricing
  • Budget setting
  • Financial management
  • Overhead recovery Maximising reserves

Feedback

  • Everything was good, particularly understanding the distinction between marginal and full absorption planning
  • It was good to work through a scenario of a new project and its costs
  • Useful, practical experience of pricing and costing applications
  • I now have a much clearer idea of how budgets ‘work’ and how to use them when applying for funding
  • I did not use calculator!! So the course was not as frightening as I thought

Click for more feedback

  • Good guide for knowing where to go for information
  • It has improved my confidence
  • It was all extremely useful
  • Sharing others experiences was very useful
  • It has helped me to get familiar with budgets/expenditure forecasts, practical advice, confidence
  • The glossary of terms will be very helpful in the future

Leader

Terry Dennis

NHS KSF Assessment

Core Dimensions

Dimension

Value

2 Personal and people development:

2

4 Service Improvement:

2

Specific Dimensions: Information and Knowledge

Dimension

Value

IK1 Information processing:

3

IK2 Information collection and analysis:

3

Specific Dimensions: General

Dimension

Value

G1 Learning and develepment:

2

G2 Development and innovation:

2

G3 Procurement and commissioning:

3

G4 Financial management:

4

G5 Services and project management:

3

Current courses using this module

Please click on the name of a programme to get more information on where a particular Finance, costing and budgets course is being run.

We haven't got any courses that use this module planned at the moment. Please contact us to see if one is planned.