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Budgeting, Planning & Financial Reporting Masterclass

An Interactive 10-Day Training Course

Budgeting, Planning & Financial Reporting Masterclass

Master the Tools for Planning and Managing Organisational Excellence

NASBA
Classroom Schedule
Date Venue Fees
26 Jan - 06 Feb 2026 Dubai $ 11,900
11 - 22 May 2026 London $ 11,900
18 - 29 May 2026 Dubai $ 11,900
13 - 24 Jul 2026 Amsterdam $ 11,900
17 - 28 Aug 2026 London $ 11,900
26 Oct - 06 Nov 2026 London $ 11,900
07 - 18 Dec 2026 Dubai $ 11,900
28 Dec - 08 Jan 2027 London $ 11,900
25 Jan - 05 Feb 2027 Dubai $ 11,900

Course Summary

This GLOMACS Budgeting, Planning & Financial Reporting Masterclass training course is focused on some of the most important elements key to attaining organizational excellence and creating real business value. Most companies recognize that the profitable growth that drives business value can only be consistently achieved and sustained when a competitive advantage can be employed in a compelling business strategy that can be put into action through a functional business model. But in the challenging and dynamic world of the 21st century it is also critically important to be able to use the right tools within an effective performance management framework in order to execute, control and adapt this strategy in response to the ever present threat of business model evolution and disruption.

This Budgeting, Planning & Financial Reporting Masterclass training course deals comprehensively with all of the important aspects of the strategic and tactical forecasting and planning processes that can provide an organizational “roadmap to success’, it identifies the most relevant cost analysis techniques to support cost management and strategic cost reduction, the training course also provides an in depth view of financial reporting under the IFRS framework and its application in providing powerful integrated management reports that can support the control and adaption of organizational strategy.

This Budgeting, Planning & Financial Reporting Masterclass training course will highlight:

  • Principles and techniques off strategic and budget planning
  • Planning, executing, controlling and adapting strategy
  • Essentials of cost analysis, control and reduction
  • Comprehensive guide to financial reporting
  • Designing management reports, dashboards and presentations
Course Outline

Module I: Budgeting, Planning & Management Reporting

Day 1

Planning Strategy and Corporate Governance

  • What are planning strategies?
  • Strategy analysis, choice & implementation
  • The role of strategy maps in defining the business
  • Effective and less effective management reporting practice
  • The agency problem and corporate governance
  • Planning requirements and the importance of working capital
Day 2

Forecasting Techniques for Budgeting

  • Determine the purpose and objective of the forecast
  • Statistical analytical tools
  • Quantitative analysis and forecasting
  • Forecasting techniques
  • Agency problems in forecasting- solutions
  • Causal analysis models – regression analysis
  • Using Excel ® to analyse historical data
Day 3

Budgets, Costs and Budgetary Control

  • Why do we budget? – the purposes of budgeting
  • Planning and control
  • Putting the budget together
  • Cost behaviour and classification
  • Cost / volume /profit (CVP) and ‘what-if’ analysis
  • Standard costing
  • Flexed budgets
  • Variance analysis and the reasons for variances
Day 4

Activity Based Costing & Activity Based Budgeting

  • Activity based costing (ABC)
  • Refinement of the costing system
  • ABC and cost management
  • The cost hierarchy and cost drivers
  • Advantages and disadvantages of ABC systems
  • From traditional budgeting to activity based budgeting (ABB)
  • Time-based ABC for services organisations
  • Motivation and the behavioural aspect of budgeting
Day 5

Performance Management and Beyond Budgeting

  • Broadening performance measurement systems
  • The Drive toward Shareholder Value (EVA®)
  • Beyond budgeting: integrating financial and non-financial issues
  • Introducing the Balanced Scorecard and the key perspective

Module II: Financial Accounting & Reporting

Day 6

Financial Accounting and Reporting – Business Context and Key Principles

  • Purpose of financial accounting and reporting
  • Key principles in corporate governance
  • Building a winning business model
  • Key concepts in financial accounting
  • Structure of financial accounting systems
  • Fundamentals of financial reporting
  • Creative accounting, scandals, and fraud
Day 7

The Statement of Financial Position and Income Statement

  • The IASB Conceptual Framework
  • Statement of Financial Position: purpose structure and presentation
  • Tangible and intangible assets
  • Financial assets and liabilities
  • Inventories
  • Statement of Changes in Equity: purpose structure and presentation
  • Income Statement: purpose structure and presentation
  • Revenue recognition principles
Day 8

The Statement of Cash Flows and Group Reporting

  • Statement of Cash Flows: purpose structure and presentation
  • Understanding business cash flow drivers
  • Equity capital and debt capital
  • Leases
  • Optimising working capital
  • Cash flow forecasting techniques
  • Group Accounts: purpose structure and presentation
Day 9

Analysis and Interpretation of Financial Reports

  • Fundamentals of analysing financial reports
  • The shareholder value concept
  • Measuring and managing profitability
  • Measuring and managing liquidity
  • The effect of gearing on risk and shareholder value
  • Predicting corporate distress and failure
  • Forecasting financial performance and financial position
Day 10

Designing and Presenting Effective Financial Reports

  • The limitations of financial reports
  • Designing effective internal business reports
  • Incorporating Excel graphics in internal reports
  • Developing and using business dashboards
  • Making effective financial presentations
  • Developments in Integrated Reporting (IR)
  • Integrated Reports: purpose, structure, and presentation
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 and Associations

Endorsed Education Provider

NASBA

In Association With

Options & Brochure
Related Categories
Finance & Budgeting

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.

View All Training Locations

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

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]

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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