An Interactive 2-Day Training Course
Controlling Budgets
Operating, Capital, & Cash Budgets,
Performance Measurement & Improvement
Course Overview
Controlling budgets is all about how to react and respond appropriately when the unexpected happens.
This online training course deals comprehensively with the questions you have always wanted to ask about budget setting, and budgetary control, in plain language that is easy to understand. It covers how the tools and techniques of successful operating and capital budgeting, and budgetary control are applied in practice.
This GLOMACS Controlling Budgets online training course also considers the broadening of performance measurement systems, using the balanced scorecard to link with strategic objectives, and integrating continuous improvement into the budget process. The Instructors own business career experiences and many other real-world business scenarios are shared throughout this stimulating online course to illustrate and reinforce the practical application of the tools and techniques and best practice.
Training Objectives
By the end of this online training course you will be able to:
- Set an operating budget, cash budget, capital budget, and prepare a master budget
- Evaluate the use of activity-based budgeting (ABB) to improve performance measurement and management reporting
- Apply the vital technique of discounted cash flow (DCF) for capital investment appraisal and budgeting
- Develop budgetary control systems, and variance analysis using flexed budgets
- Integrate continuous business performance improvement into the budget process and link budgets and KPIs with strategic objectives using the balanced scorecard.
Who should Attend?
This GLOMACS online training course is suitable for a wide range of professionals but will greatly benefit:
- Business professionals working in operations, manufacturing, R&D, engineering, quality management, procurement and logistics, human resources, and project management roles
- Accountants, controllers, finance directors, and other finance professionals active in the planning process
- Those working in general management, sales and marketing, estimating and costing, facilities management, and asset management
Certificates
- On successful completion of this online training course, GLOMACS E-Certificate with eligible Continuing Professional Education credits (CPE) from National Registry of CPE Sponsor, will be awarded to the delegates
- Continuing Professional Education (CPE) credits : In accordance with the standards of the National Registry of CPE Sponsor, one CPE credit is granted per 50 minutes of attendance
About Saudi Glomacs
At Saudi GLOMACS, we specialize in delivering world-class training courses in Saudi Arabia and across various international locations. Our training courses are tailored to meet the unique demands of Saudi Vision 2030 and the Human Capability Development Program, focusing on empowering Saudi citizens and enhancing workforce skills. We offer diverse courses spanning leadership, management, engineering, and technical disciplines to cultivate expertise and drive professional growth. Our flexible learning options—whether in-person, online, or in-house—ensure accessibility and convenience for individuals and organizations alike.
With over 30+ years of experience through the GLOMACS global network, we are committed to delivering innovative, results-driven training solutions. Our expert instructors combine industry knowledge with dynamic teaching methods, fostering practical skill development and long-term career success. By choosing Saudi GLOMACS, you're investing in personal excellence and contributing to the Kingdom’s sustainable economic growth and vision-driven transformation.
Training Outline
- Departmental budgets, labour costs and depreciation
- Master profit and balance sheet budget preparation and the cash flow budget
- Activity-based budgeting (ABB)
- Capital budgeting
- Capital project investment appraisal using accounting rate of return (ARR) and payback, and the DCF methods of net present value (NPV), internal rate of return (IRR), and modified internal rate of return (MIRR)
- Capital rationing using the profitability index (PI)
- Fixed budgets and flexed budgets using standard costing
- Budgetary control using variance analysis
- Continuous improvement and the budget process
- Linking strategic objectives to key performance indicators (KPIs) using the balanced scorecard
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 Sponsor, one CPE credit is granted per 50 minutes of attendance
Accreditation
GLOMACS is registered with NASBA as a sponsor of Continuing Professional Education (CPE) on the National Registry of CPE Sponsors. NASBA have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.
All Training Seminars delivered by GLOMACS by default are eligible for CPE Credit.
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