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The 10-Day Budgeting & International Financial Reporting Standards (IFRS)

An Interactive 10-Day Training Course

The 10-Day Budgeting & International Financial Reporting Standards (IFRS)

NASBA
Classroom Schedule
Date Venue Fees
27 Jul - 07 Aug 2026 London $ 11,900
12 - 23 Oct 2026 Rome $ 11,900
21 Dec - 01 Jan 2027 Paris $ 11,900
15 - 26 Mar 2027 London $ 11,900
Course Outline

Module I: Budgeting For Performance Management

Day 1

Budgeting and Business Performance Management

This day establishes the role of budgeting within performance management frameworks and competitive strategy. Participants explore how budgeting supports stakeholder value creation and integrates with organisational strategy. The topics covered will include:

  • Creating value for key organisational stakeholders
  • Business Performance Management (BPM) frameworks
  • The fundamentals of competitive strategy
  • The vital role of budgeting and cost management in BPM
  • Principles of financial and management accounting
  • Key financial measures of value creation
  • Using strategy maps to integrate non-financial measures
Day 2

Cost Planning and Cost Management

This day focuses on cost behaviour, traditional and advanced costing approaches, and how cost management supports performance objectives. Participants examine methods to reduce costs strategically. The topics covered will include:

  • Defining and understanding cost behaviour
  • The role of costing in performance management
  • Traditional costing: absorption costing
  • Traditional costing: marginal costing and break-even analysis
  • Traditional costing: standard costing control frameworks
  • Developments in costing: Target and Kaizen costing
  • Developments in costing: Activity Based Costing (ABC)
  • A strategic approach to cost management and reduction
Day 3

Steps and Techniques in Budget Preparation

This day develops forecasting and analytical skills foundational to budget preparation. Participants explore statistical tools and methods for planning budgets and managing capital expenditure. The topics covered will include:  

  • Forecasting techniques for budgeting
  • Business Intelligence and budgeting
  • Diagnostic and predictive analytics for budgeting
  • Statistical tools and techniques in sales forecasting
  • Statistical tools and techniques for cost forecasting
  • Steps in the budgeting process
  • Budgeting and managing capital expenditure (CapEx)
  • Cash flow forecasting and budgeting
  • Styles and approaches to budgeting
  • Human and behavioural aspects of budgeting
Day 4

Using Budgets to Monitor and Manage Performance

This day connects budget outcomes to performance measurement and reporting. Participants learn how to analyse variances and design effective financial dashboards. The topics covered will include:  

  • Principles of Responsibility Accounting
  • Variance analysis and performance management
  • Standard costing and cost management
  • Using data analytics to find the root cause of variances
  • Data visualisation techniques for financial reports
  • Designing budget reports
  • Dashboards and their use in performance management
  • Designing tactical dashboards for budget management
Day 5

Beyond Budgeting to Adaptive Management

This day explores modern adaptive approaches to budgeting and decentralised performance management. Participants examine the balance between traditional budgets and flexible forecasting tools. The topics covered will include:  

  • Shortcomings of traditional approaches to budgeting
  • Beyond Budgeting case study
  • Moving towards decentralised performance management
  • Replacing budgets with rolling forecasts
  • Using key driver forecasts for risk management
  • Using balanced scorecard to manage Key Performance Indicators
  • Why traditional budgeting still has a key role to play

Module II: Certificate in International Financial Reporting Standards (IFRS)

Day 6

The Role & Scope of IFRS

This day introduces the fundamental role and scope of IFRS and its relationship with other accounting frameworks. Participants explore conceptual foundations, accounting diversity, and essential policies. The topics covered will include:  

  • Establishing the case for IFRS
  • International accounting diversity
  • IFRS & US GAAP
  • The role & scope of IFRS & IAS including Sustainability Disclosure Requirements IFRS S1 & IFRS S2
  • The IASB conceptual framework
  • IFRS, accounting concepts & policies
Day 7

The Presentation & Preparation of Financial Statements

This day focuses on preparing and presenting key financial statements in accordance with IFRS, including reporting formats, disclosures, and cash flow considerations. The topics covered will include:  
  • The annual reports & financial statements
  • IAS 1 & IFRS18 Presentation & Disclosures in Financial Statements
  • Preparing the income statement
  • Preparing the statement of financial position
  • IAS & statement of cashflow
  • Notes & disclosures
Day 8

Accounting for Cash Flow & Financial Instruments

This day develops capability in accounting for cash flow and financial instruments using IFRS standards. Participants examine cash flow reporting and instruments classification. The topics covered will include: 
  • The importance of cash flow
  • Preparing a statement of cash flows in accordance with IFRS 7
  • Evaluating the cash flow
  • What are financial instruments & derivatives?
  • IFRS 7 financial instruments: Disclosures
  • IFRS 9 financial instruments
Day 9

Accounting for Assets

This day explores asset accounting under IFRS, covering tangible and intangible assets, impairment, fair value, and inventory measurement. The topics covered will include:  

  • Tangible & intangible assets
  • IAS 16: Property, plant and equipment and Depletion, Depreciation & Amortisation (DD&A)
  • IAS 36: Impairment of assets
  • IFRS 13 fair value measurement
  • IAS 38: Intangible assets
  • IAS 2 inventories
Day 10

Accounting for Strategic Alliances & Business Combinations

This day focuses on accounting for strategic alliances and business combinations, including consolidation and joint arrangements.
The topics covered will include:  

  • Strategic alliances mergers & acquisitions
  • Goodwill
  • IFRS 3 business combinations
  • IFRS 10: Consolidated financial statements
  • IFRS 11: Joint arrangements
  • IFRS 12: Disclosure of interests on other entities
Certificates
  • On successful completion of this 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.
Providers

Endorsed Education Provider

NASBA
Options & Brochure
Related Categories
Finance & Budgeting
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NASBA

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.

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Frequently Asked Question

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.

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. 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.

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

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

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.

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 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.

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.

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.

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.

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