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Advanced Budgeting & Cost Management

An Interactive 5-Day Training Course

Advanced Budgeting & Cost Management

The Complete Course on Budget - Estimating, Budgeting & Cost Control

NASBA
Classroom Schedule
Date Venue Fees
30 Mar - 03 Apr 2026 Milan $ 5,950
11 - 15 May 2026 Abu Dhabi $ 5,950
01 - 05 Jun 2026 Barcelona $ 5,950
20 - 24 Jul 2026 London $ 5,950
24 - 28 Aug 2026 Paris $ 5,950
19 - 23 Oct 2026 Dubai $ 5,950
09 - 13 Nov 2026 Paris $ 5,950
28 Dec - 01 Jan 2027 London $ 5,950
04 - 08 Jan 2027 London $ 5,950
18 - 22 Jan 2027 Istanbul $ 5,950
29 Mar - 02 Apr 2027 Milan $ 5,950
Online Schedule
Date Venue Fees
28 Dec - 01 Jan 2027 Online $ 3,950

Course Summary

This Advanced Budgeting & Cost Management training course provides participants with key cost awareness and budgetary skills, which are essential for managing and controlling resources in times of increasing global competition where the budgets are inextricably linked with both the achievement of strategic objectives as well as with evaluation of future plans and initiatives.

Budgeting and cost analysis are crucial elements for the management of contemporary organizations. Nowadays, if companies want to stay competitive, they are urged to link their strategies with accurate systems of resource allocation and performance measurement. Along this line, budgeting, as well as tracking, controlling & reducing cost represent essential activities to be performed and monitored by organizations as they implement their key processes, activities and operations. In addressing these issues, this training course is relevant for those professionals & analysts facing the difficult challenge of improving performance while reducing costs of those processes for which there are accountable.

In particular, this GLOMACS Advanced Budgeting & Cost Management training course enables participants to:

  • Link budgeting and costing with strategy execution
  • Understand the critical factors which have an impact on business processes
  • Discuss about modern system of cost analysis for budgeting purposes
  • Master the budgeting and financial skills required for better decision-making
  • Identify sources of financial and operational data to support the budgeting process
  • Explore the best practices required to manage the multiple organizational performances
Course Outline
Day 1

Introduction: The Relevance of Budgeting and Cost Management within Strategy Execution

  • The Link between Strategic Planning, Accounting, Budgeting and Cost Management
  • Why Budgeting and Costing are so important to your Company?
  • Financial & Management Accounting
  • Preparing Financial Statements & Cost Evaluation
  • Understand your Processes: Integrating Financial and Non-financial Aspects
  • Identify and Discuss the Key issues in terms of Budget / Costing for your own Organization
Day 2

The Budgeting Framework and its Role within the Management Process

  • The Role & Types of Budgets within Management Accounting
  • The Budget Process
  • Preparing the Master Budget & Departmental Budgets
  • Preparing a Project/CAPEX Budget
  • Advantages and Disadvantages of Budgets & the Budget Process: The Critical issues for Success
  • Budgetary Control
Day 3

Cost Management for Budgeting Purposes

  • Cost Classification, Concepts and Terminology
  • Fixed vs. Variable Costs: The Cost-Volume-Profit Analysis Model
  • Contribution Margin Analysis
  • Estimating / Forecasting Costs
  • Calculating, Evaluating & Managing the Cost of:
    • Purchases
    • Manufacture
    • Inventory (IAS 2)
    • Working Capital
  • Improving Efficiency to Reduce Costs
Day 4

Traditional vs. Advanced Techniques in Cost-control

  • Under-costing and Over-costing: The Consequences for Profitability
  • How to refine a Costing System?
  • Indirect vs. Direct costs: Traditional Cost Allocations Systems vs. Activity-Based Costing
  • Cost Drivers: Linking Resources, Activities and Management
  • Introducing Activity-Based Budgeting (ABB) and Management (ABM)
Day 5

Broadening the Performance Measurement Systems

  • Shortcomings of Traditional Approaches to Budgeting and Performance Measurement
  • Recent Best Practices: the Balanced Scorecard and Six-sigma
  • Financial Perspective and Customer Perspective
  • Internal Business Process Perspective and Learning & Growth Perspective
  • Developing and Adapting the Scorecard
  • Elkington’s Triple Bottom Line: Profit, People & Planet
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

KHDA
NASBA

In Association With

This training course is also a part of the 10-Day Titles
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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What Our Clients Say

This training was relevant and put a practical outlook on budgeting and cost control. The instructor was very supportive and made the training interactive which helped us learn from each other.

- NABAFUMA JOAN NYANZI
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 info@glomacs.sa . 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 info@glomacs.sa

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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