Lead Training Services

Cost Management and Budgetary Control

Starting Date To Be Announced

ECTS credits: 1
Trainer: James Grech

Learning Outcomes:

  • Understanding the difference between a fixed and variable cost and their behaviour in the long and short term;
  • Demonstrate an understanding of the characteristics of variable (direct) costing and absorption (full) costing and the benefits and limitations of these measurement concepts;
  • Describe the role that budgeting plays in the overall planning and performance evaluation process of an organization;
  • Describe different budgetary systems – Master budgets, Project budgeting, Activity-based budgeting, Zero-based budgeting, Continuous (Rolling) budgets, and Flexible budgeting);
  • Identify the role that budgeting plays in formulating short-term objectives and planning and controlling operations to meet those objectives;
  • Describe bottom up approach to budgeting;
  • Demonstrate an understanding of the use of cost standards in budgeting;
  • Explain the role of budgets in monitoring and controlling expenditures to meet strategic objectives;
  • Define budgetary slack and discuss its impact on goal congruence;
  • Define the purposes of the cash budget and describe the relationship between the cash budget and all other budgets;


Tower Training Centre
Lower Ground Floor, Tower Business Centre, Tower Street, Swatar, Malta. (view map)

(Free parking available at level minus 5)


Who We Are

We are a team of specialists passionate about our work and with a common ambition to share learning experiences with people in the business community and civil society.

Under the brand name LEAD Training Services, our team has attracted an impressive pool of professional trainers from different areas of business.

This makes us the only professional training organisation in Malta that can offer cutting edge training programmes across a broad spectrum of topics. We do not believe in one-size-fits-all training programmes and in line with our belief we customise our programmes to our individual customer’s needs.

Let's Keep In Touch

Stay adjourned with our latest courses, news and events by subscribing to our newsletter. We will send you an email newsletter from time to time, and we promise to never sell your details to any third parties!

Our LatestNews

Posted on: Thursday, March 17th, 2022

Here are 11 reasons why you should enroll in LEAD Training Services’ Corporate Series courses:

1.     They are accredited courses. Our Corporate Series courses are fully accredited by the MFHEA, at MQF Level 5, 2 ECTS. This means that the courses have employment and academic value. So our courses will help you to get the very best out of your investment and time.

2.     They are short courses. Sometimes, the best way to learn, is by getting to the gist of it. These courses are 7 to 10 hours long but well informative, split over 3 mornings, in order to give you enough time to balance your work schedule, while investing in your continuous professional development.

…read more »