ABSTRACT
The costs of a corporate learning centre may be considered under two headings, capital expenditure and revenue expenditure. Capital expenditure is the cost of setting up and equipping the centre, while revenue expenditure is the cost of running the centre. People can need two budgets to control costs: a capital expenditure budget for equipment and premises and a revenue or operating cost budget for software, overheads and running expenses. A capital expenditure budget for equipment and a revenue expenditure budget for software, subscriptions for e-learning programmes and the operating costs of running the centre must be drawn up each year by the co-ordinator, who can agree it with the Training and Development manager. The management information system should provide monthly reports on budgets and actual amounts spent. These should be examined each month to ensure that costs are on target, and any over expenditure investigated and accounted for.
