An Interactive 10-Day Training Course
Financial Planning and Budgeting for Performance Management
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Modules
This training course is split into two modules:
Module I - Budgeting For Performance Management
Module II - Financial Analysis, Planning & Control
Each module is structured and can be taken as a stand-alone training course; however, delegates will maximise their benefits by taking Module 1 and 2 back-to-back as a 2-week training course.
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
Module 1: Budgeting For Performance Management
DAY 1: Budgeting and Business Performance Management
- 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
- 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
- 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
- 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
- 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 2: Financial Analysis, Planning & Control
DAY 6: The Challenge of Financial Economic Decision-Making
- The Practice of Financial / Economic Analysis
- The Value-creating Company
- Corporate Value and Shareholder Value
- A Dynamic Perspective of Business
- The Agency Problem and Corporate Governance
- What information and data to use?
- The Nature of Financial Statements
- The Context of Financial Analysis and Decision-making
DAY 7: Assessment of Business Performance
- Ratio Analysis and Business Performance
- Management’s Point of View
- Owners’ Point of View
- Lenders’ Point of View
- Ratios as a System – Pyramids of Ratios
- Integration of Financial Performance Analysis
- Economic Value Added (EVA)
- Predicting Financial Distress and Z-score Model
DAY 8: Analysis of Investment Decisions
- Applying Time-adjusted Measures
- Net Present Value (NPV) and Internal Rate of Return (IRR)
- Modified Internal Rate of Return (MIRR)
- Strategic Perspective
- EVA and NPV
- Refinements of Investment Analysis
- Equivalent Annual Cost (EAC)
- Sensitivity Analysis, Scenario Analysis, Simulation, and NPV Break-even
- Dealing with Risk and Changing Circumstances
DAY 9: Projection of Financial Requirements
- Interrelationship of Financial Projections
- Operating Budgets
- Standard Costing and Variance Analysis
- Cash Forecasts and Cash Budgets
- Sensitivity Analysis
- Dynamics and Growth of the Business System
- Operating Leverage
- Financial Growth Plans
- Financial Modelling
DAY 10: Valuation and Business Performance
- Managing for Shareholder Value
- Shareholder Value Creation in Perspective
- Evolution of Value-based Methodologies
- Creating Value in Restructuring and Combinations
- Financial Strategy in Acquisitions
- Business Valuation
- Business Restructuring and Reorganisations
- Management Buy Outs (MBOs) and Management Buy Ins (MBIs)
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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