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Financial Planning and Budgeting for Performance Management

An Interactive 10-Day Training Course

Financial Planning and Budgeting for Performance Management

NASBA
Classroom Schedule
Date Venue Fees
21 Dec - 01 Jan 2027 Paris $ 11,900

Modules

This training course is split into the following modules:

Module I - Budgeting For Performance Management

Module II - Financial Analysis, Planning & Control

Course Outline

Module I: 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 II: 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 Sponsors, one CPE credit is granted per 50 minutes of attendance.
Providers and Associations

Endorsed Education Provider

NASBA

In Association With

Options & Brochure
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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.

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.

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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