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Business Financial, Budgeting & Accounting Skills

An Interactive 5-Day Training Course

Business Financial, Budgeting & Accounting Skills

Management Accounting, Traditional and Advanced Costing Techniques

NASBA
Classroom Schedule
Date Venue Fees
01 - 05 Jun 2026 London $ 5,950
20 - 24 Jul 2026 Dubai $ 5,950
07 - 11 Sep 2026 London $ 5,950
26 - 30 Oct 2026 Dubai $ 5,950
30 Nov - 04 Dec 2026 London $ 5,950
Online Schedule
Date Venue Fees
01 - 05 Jun 2026 Online $ 3,950
26 - 30 Oct 2026 Online $ 3,950

Course Summary

This training course addresses essential financial, budgeting, and accounting concepts that support effective business planning and performance measurement. Participants will gain a deep understanding of cost analysis, budgeting processes, management control, and performance evaluation — linking strategy with operational objectives to deliver enhanced organisational financial outcomes. The Business Financial, Budgeting & Accounting Skills training course enables professionals to master the language of finance and accounting while understanding how these disciplines support decision-making, resource allocation, and performance improvement throughout organisations.

Across five days of focused training, this training course explores financial and management accounting terminologies, costing methods, flexible budgeting techniques, and advanced performance measurement systems — including Balanced Scorecards and Six Sigma principles. Emphasis is placed on developing practical skills that empower participants to construct comprehensive budgets, interpret financial reports, and contribute meaningfully to organisational performance evaluation. The Business Financial, Budgeting & Accounting Skills training course equips professionals with the confidence and competence to support strategic financial decision-making in today’s dynamic business environment.

Skills & Competencies

From this Business Financial, Budgeting & Accounting Skills training course, participants will develop the following key skills and competencies:

  • Financial and management accounting proficiency
  • Budget construction and variance analysis
  • Cost and operational analysis capability
  • Linking finance with organisational strategy
  • Advanced performance measurement skills
  • Business decision-support insights

Key Learning Outcomes

At the end of Business Financial, Budgeting & Accounting Skills training course, you will learn to:

  • Understand financial and accounting terminology and their business relevance.
  • Apply cost analysis techniques for budgeting and decision-making.
  • Distinguish between traditional and advanced costing approaches.
  • Construct flexible budgets and interpret budgetary variances.
  • Integrate financial and non-financial measures for performance evaluation.

How You Will Learn

Learning develops through structured exploration of financial and budgeting concepts supported by real-world examples and practical applications. Participants engage with interactive exercises, worked examples, and relevant case studies that reinforce conceptual understanding and skill application. Emphasis is placed on translating financial knowledge into decision-support capabilities that strengthen organisational planning and control.

Who should Attend?

This training course is designed for professionals responsible for financial management, budgeting, and performance analysis. This Business Financial, Budgeting & Accounting Skills training course is suitable to a wide range of professionals but will greatly benefit:

  • Financial professionals and controllers
  • Budget officers and planners
  • Accountants and cost management specialists
  • Senior professionals with budgeting responsibility
  • Operational managers involved in performance evaluation
Course Outline
Day 1

Management and Financial Accounting: Key Concepts and Terminologies

This day introduces financial and managerial accounting foundations, exploring how finance concepts support organisational planning and performance. The topics covered will include:  

  • Identify the Major Differences and Similarities between Financial and Managerial Accounting
  • Understand the Role of Management Accountants in an Organization
  • Linking Strategy to Planning and Costing
  • The Key Role of Budgeting and Cost Control in Contemporary Organizations
  • Towards a Cross-Functional Process-View of the Organization
  • Understand Your Processes: Integrating Financial and Non-financial Aspects
  • Understanding The Financial Statements
Day 2

Cost Analysis

This day focuses on cost concepts and techniques that support budgeting and decision-making within organisations. The topics covered will include:  

  • What is Costing?
  • Cost Concepts and Terminology
  • Different Costs for Different Purposes
  • Fixed vs. Variable Costs: The Cost-Volume-Profit Analysis Model
  • Contribution Margin Analysis
  • Manufacturing vs. Non-manufacturing Costs
  • Period vs. Product costs: Inventory Evaluation and Control
Day 3

Traditional vs. Advanced Techniques in Cost-control

This day explores the refinement of costing systems, including advanced techniques and activity-based budgeting principles. The topics covered will include:  

  • 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 Hierarchy & Cost Drivers
  • Linking Resources, Activities and Management
  • Introducing Activity-Based Budgeting and Management
  • Video, Case Study and Examples
Day 4

Budgeting: Flexible Budgets and Variance Analysis

This day emphasises the importance of budgeting, covering flexible budgets and the process of variance analysis. The topics covered will include:  

  • The Role of Budgeting
  • Define the Master Budget and Explain Its Major Benefits to An Organization
  • Describe the Difference between a Static Budget and a Flexible Budget
  • Compute Flexible-budget Variances and Sales-volume Variances
  • Discuss The Behavioral Implication of Budgeting
  • The Budgeting Process in Your Organization: How to improve it?
  • Which tools shall we use to complement Budgeting and Costing?
Day 5

Measuring Corporate Performance: The Balanced Scorecards and Six-Sigma

This day focuses on broadening performance measurement systems using Balanced Scorecards and Six Sigma principles to integrate financial and non-financial measures. The topics covered will include:  

  • Broadening Performance Measurement Systems
  • The Key Role of Customer Satisfaction and Business Process Re-engineering
  • Beyond Budgeting: Integrating Financial and Non-financial Issues
  • Introducing The Balanced Scorecard
  • The Key Perspectives
  • Introducing The Strategy Maps
  • Introducing Six-Sigma
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

This training course is also a part of the 10-Day Titles
Options & Brochure
Related Categories
Finance & Budgeting
Related Certificates
NASBA

Customisation & In-House Delivery

Delivering this training course in-house allows organisations to tailor finance, costing, and budgeting principles to internal financial systems, reporting structures, and strategic priorities. Customisation supports leaders and finance teams in addressing organisation-specific challenges and driving enhanced financial performance aligned with business goals.

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.

Additional Benefits of this course for Organisations and Professionals in Saudi Arabia

Organisations & Professionals in KSA will have the following additional benefits from this Business Financial, Budgeting & Accounting Skills training course:

  • Enhanced financial planning and budgeting capability
  • Improved cost control and decision-making insights
  • Stronger alignment between strategy and financial measures
  • Greater clarity in performance measurement and reporting
  • Increased confidence in financial interpretation
  • Better organisational financial governance
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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 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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