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Advanced Budgeting & Forecasting

An Interactive 5-Day Training Course

Advanced Budgeting & Forecasting

NASBA
Scheduled Dates
Date Venue Fees
05 - 09 Oct 2026 Online $ 4,950
02 - 06 Nov 2026 Paris $ 5,950
14 - 18 Dec 2026 Dubai $ 5,950
24 - 28 May 2027 Barcelona $ 5,950
12 - 16 Jul 2027 London $ 5,950
19 - 23 Jul 2027 Dubai $ 5,950
04 - 08 Oct 2027 Online $ 4,950
01 - 05 Nov 2027 Paris $ 5,950
13 - 17 Dec 2027 Dubai $ 5,950

Course Summary

The Advanced Budgeting & Forecasting training course equips finance and business professionals with the advanced knowledge, analytical techniques, and strategic planning frameworks needed to strengthen financial performance and support informed business decision-making. In an increasingly dynamic and competitive business environment, organisations require budgeting and forecasting processes that not only improve financial control but also align operational activities with long-term strategic objectives. This training course explores advanced budgeting methodologies, financial planning techniques, forecasting models, and performance management practices that enable organisations to respond effectively to changing market conditions while enhancing financial discipline and organisational agility.

The Advanced Budgeting & Forecasting training course also focuses on developing practical expertise in strategic financial planning, responsive budgeting frameworks, forecasting accuracy, business analytics, and performance reporting. Participants will learn how to design integrated planning models, apply statistical forecasting techniques, evaluate financial performance using key performance indicators, and strengthen organisational decision-making through reliable financial information. Designed for professionals responsible for financial planning, budgeting, forecasting, and business performance management, this training course provides practical approaches that improve accountability, support profitability, and contribute to sustainable organisational success.

Skills & Competencies

From this Advanced Budgeting & Forecasting training course, participants will develop the following key skills and competencies:

  • Strategic budgeting development
  • Financial forecasting techniques
  • Financial planning and analysis
  • Performance measurement and reporting
  • Business data analysis
  • Budget management and control

Key Learning Outcomes

At the end of Advanced Budgeting & Forecasting training course, you will learn to:

  • Apply advanced budgeting and forecasting methodologies that support strategic business objectives.
  • Integrate budgeting processes with long-term organisational planning and financial management.
  • Develop responsive planning and reporting systems that improve business decision-making.
  • Utilise statistical and financial analysis techniques to enhance forecasting accuracy.
  • Apply key performance indicators to strengthen financial control and organisational performance.

How You Will Learn

This training course uses a practical learning approach that combines expert presentations with financial planning activities and analytical exercises. Participants will strengthen their budgeting and forecasting capabilities through collaborative discussions, practical financial modelling exercises, business scenario evaluations, and structured learning activities that reinforce effective financial planning and performance management.

Who should Attend?

This training course strengthens budgeting and forecasting capabilities. It supports professionals responsible for financial planning, reporting, and business performance.

This Advanced Budgeting & Forecasting training course is suitable to a wide range of professionals but will greatly benefit:

  • Finance and Accounting Professionals Involved in Budget Development and Reporting
  • Department Heads and Line Managers Responsible for Budget Performance
  • Strategic Planners and Business Analysts
  • Consultants, Advisors, and Project Managers Involved in Cost Control
  • Anyone Responsible for Corporate Financial Planning or Decision Support
Course Outline
Day 1

Budgets in Today’s International environment

This day introduces the strategic importance of budgeting within modern organisations and explains how planning frameworks support informed business decisions. Participants will examine forecasting approaches, financial planning models, strategic assumptions, and decision-support techniques that strengthen organisational performance. The topics covered will include:

  • Planning In the Organization
    • Organizational Planning and Control Framework
    • The Product / Information / Decision Support Cycle
    • Strategic, Tactical, and Operational Forecasts
    • The Recognition of Risk in Models
    • Using Budget Models for Simulation Purposes
    • The Drive Toward Shareholder Value (EVA®)
  • The Strategic Plan
    • The Purpose of Planning and Budgeting in Business
    • Defining the Strategic Approach to Business Planning
    • Defining Strategic Assumptions
    • Building the Strategic Planning Model Using Financial Data
    • Various Strategic and Tactical Approaches to Business Planning
    • Defining the Decision-Support Model: Assumptions / Goals and Key Success Factors
Day 2

Analysing the Historical Data Using Excel®

This day focuses on analysing historical financial information to improve forecasting quality and planning accuracy. Participants will explore analytical techniques, regression analysis, time series models, and data validation approaches that strengthen financial forecasting. The topics covered will include:
  • Recognizing the Basic Patterns Inherent in Historical Data
  • Using the Exploratory Data Analysis Tools Available in Excel®
  • Development of Time Series Models Using Histograms, Moving Averages, Exponential Smoothing and Regression Analysis
  • Using Regression Analysis as a Predictor and Estimator
  • Mastering the Use of Exponential Smoothing as a Data Analysis Tool
  • Single Regression vs. Multiple Regression
  • Validation of Time Series Analysis
Day 3

Approaches to Budget Development

This day examines budgeting methodologies that improve financial planning, operational control, and resource allocation across organisations. Participants will explore activity-based budgeting, rolling budgets, cash budgeting, and the identification of cost drivers. The topics covered will include:

  • Types of Budgets
    • Zero Base Budgeting
    • Activity Based Budgeting
    • Rolling Budgets
    • Operational Unit Budgeting
    • Programme Budgeting
    • Developing the Cash Budget
  • Using Activity based Budgeting
    • Developing the ABB Application Model
    • Budgeting for Processes Rather than Departments
    • Defining Key Cost Drivers
    • Defining Key Activities
    • Development of ABB Cost Standards
    • Developing the Activity-Based Budget
Day 4

Strategic and Operational Cost Analysis Techniques

This day focuses on cost analysis methods that strengthen budgeting, forecasting, and financial decision-making. Participants will examine cost behaviour, financial simulation models, manufacturing standards, and variance analysis techniques that improve organisational performance. The topics covered will include:

  • Types of Costs
    • Identifying Fixed, Variable and Semi-Variable Costs
    • Application of Regression in the Development of Budgets
    • Building the Financial Simulation Model Using Articulated Financial Statements
    • Building the Financial Simulation Model Using Simulation
  • Developing Manufacturing Standards
    • Material Standard Development
    • Labour Standard Development
    • Factory and Corporate Overhead Standard Development
    • Variance Analysis
Day 5

Defining and Testing Optimisation Techniques in Models Using Excel®

This day explores optimisation techniques that improve financial planning, resource allocation, and business performance. Participants will develop optimisation models, perform sensitivity analysis, and evaluate financial results that support executive decision-making. The topics covered will include:

  • Basic Structure of All Optimisation Models
  • Different Forms and Applications of Optimization Models
  • Developing a Financial Optimisation Model
  • Performing Sensitivity Analysis of an Optimisation Model
  • Interpreting the Solution of an Optimisation Model to a Non-Technical Manager
Certificates
  • Upon successful completion of the classroom-based training course, GLOMACS Certificate will be awarded to the delegates. Continuing Professional Education credits (CPE): In accordance with the standards of the National Registry of CPE Sponsors, one CPE credit is granted per 50 minutes of attendance
  • Upon successful completion of the online training course, a GLOMACS Certificate will be awarded to all delegates. Guided Learning Hours – In accordance with ISO 9001:2015–certified quality management standards, one Guided Learning Hour is awarded for every 60 minutes of attendance.
Providers and Associations

Endorsed Education Provider

NASBA

In Association With

This training course is also a part of the 10-Day Titles
Options & Brochure
Related Categories
Finance & Budgeting
Related Certificates
NASBA

Customisation & In-House Delivery

This training course can be tailored to align with your organisation's budgeting processes, forecasting requirements, financial planning priorities, and performance management objectives. In-house delivery enables finance and business teams to improve planning consistency, strengthen financial analysis, enhance decision-making, and establish integrated budgeting and forecasting practices that support sustainable business performance.

Why Choose Saudi GLOMACS?

Saudi GLOMACS is the official Saudi Arabian division of GLOMACS International (glomacs.com), delivering internationally recognised training courses both within Saudi Arabia and across international locations. Our training courses are aligned with the highest professional and institutional standards, supported by a strong understanding of the professional landscape in Saudi Arabia and access to global expertise.

Saudi GLOMACS enables professionals and organisations to strengthen leadership, capability, and long-term excellence through consistently high-quality learning experiences.

Official Saudi Presence

Official Saudi Arabian division of GLOMACS with established global credibility.

International Benchmarks

Internationally benchmarked training courses aligned with professional best practices.

Trusted Across Sectors

Trusted by professionals and institutions across public and private sectors.

Flexible Delivery

Training courses delivered within Saudi Arabia and across international locations.

Additional Benefits of this course for Organisations and Professionals in Saudi Arabia

Organisations & Professionals in KSA will have the following additional benefits from this Advanced Budgeting & Forecasting training course.

  • Improve budgeting process efficiency
  • Enhance forecasting accuracy and reliability
  • Strengthen strategic financial planning
  • Improve organisational financial control
  • Support informed business decisions
  • Increase management accountability
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Frequently Asked Question

Saudi GLOMACS combines three decades of global training experience with a clear focus on Saudi market relevance. This allows it to deliver training that is both internationally credible and locally applicable, across a broader range of disciplines than niche or single-focus providers.

Participants include professionals from public sector, semi-government, and private sector organisations, across a wide range of roles and industries. Attendees range from administrative and operational professionals to technical specialists, managers, and senior decision-makers.

Yes. Saudi GLOMACS designs and delivers bespoke in-house training tailored to organisational objectives, sector requirements, and workforce needs. Training can be delivered in Saudi Arabia or internationally, depending on requirements.

Courses delivered in Saudi Arabia are adapted to reflect local regulatory frameworks, organisational structures, sector conditions, and professional expectations. This ensures training is relevant, practical, and aligned with Saudi workplace realities.

No. Saudi GLOMACS delivers courses in Saudi Arabia and internationally, including delivery across Europe and Asia. This allows organisations and professionals to access training both locally and abroad.

No. While governance and leadership are part of the portfolio, Saudi GLOMACS delivers training across the entire business and professional lifecycle, including administrative, technical, legal, regulatory, and sector-specific training.

Saudi GLOMACS offers professional training across a wide range of disciplines, including administration, leadership and management, governance and regulation, law, oil and gas, energy, engineering, finance, digital technologies, and sector-specific specialisations.

Training supports professionals across all career stages, from operational roles to specialist and senior responsibilities.

GLOMACS has been delivering professional training for over thirty years, with courses delivered across Europe, the Middle East, Asia, and other international markets.

Saudi GLOMACS is a Saudi-based professional training provider delivering courses tailored to the Saudi market and applicable internationally. It operates within the global GLOMACS framework and draws on more than three decades of international training experience.

No. Our training courses are delivered globally through international locations and online platforms, enabling participants from Saudi Arabia and around the world to learn together. This global delivery approach ensures exposure to diverse perspectives, international best practices, and cross-cultural insights while maintaining strong relevance to regional and organisational needs.

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Yes, in-house and customised strategy training courses are available to support organisations seeking tailored strategic capability development. These courses can be aligned with your industry context, organisational challenges, and long-term strategic objectives.

For further details or to discuss customisation requirements, you may call or WhatsApp +966 (54) 286 8546 or email [email protected] . You can also submit a detailed enquiry through our in-house training page at: https://sa.glomacs.com/in-house-seminars

If you would like further information about these training courses, our team is available to provide professional guidance and support. We are pleased to assist with course selection, the registration process, and any other related enquiries.

For personalised assistance or detailed enquiries, please contact our team on +966 (54) 286 8546 or email us at [email protected]

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