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Financial Analysis, Planning & Controlling Budgets

An Interactive 10-Day Training Course

Financial Analysis, Planning & Controlling Budgets

Decision-making, Performance Assessments, Budgeting and Costing Techniques

NASBA
Classroom Schedule
Date Venue Fees
18 - 29 May 2026 London $ 11,900
03 - 14 Aug 2026 Paris $ 11,900
21 Sep - 02 Oct 2026 Amsterdam $ 11,900
07 - 18 Dec 2026 Amsterdam $ 11,900
Online Schedule
Date Venue Fees
21 Sep - 02 Oct 2026 Online $ 7,900

Full outline shall be posted soon.

For more Enquires, please call +971 44 250 700 or email us at: info@glomacs.sa

Course Outline

Module I: Financial Analysis, Planning & Control

Day 1

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 2

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 3

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 4

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 5

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)

Module II: Setting & Controlling Budgets

Day 6

Strategic and Financial Planning

  • Financial Accounting and Management Accounting
  • The Links between Strategic Planning, Budget Setting, and Performance Measurement
  • Planning and Strategic Management
  • Mission, Vision, and Objectives
  • The Planning Process
  • External Environment Analysis, Internal Resources Analysis, SWOT and PESTEL
  • Shareholder Wealth Maximisation, value Creation and Financial Strategy
  • Financial Planning and Modelling, and Long-term and Short-term Financing
Day 7

Cost Analysis for Budgeting

  • What is Costing?
  • Cost Behaviour – fixed costs and variable costs
  • Contribution, Cost / Volume / Profit (CVP) Analysis and break-even models
  • Traceable Costs and Non-traceable Cost Allocation
  • Product Costs and Period Costs – product costing for inventory valuation and profit ascertainment
  • Direct costs, Indirect costs, Absorption Costing and Marginal costing
  • Product Costing for Budget Setting, Budgetary Control and Performance Measurement
  • Refinement of the Costing System and Activity-Based Costing (ABC)
Day 8

The Framework for Budgeting

  • What is a Budget – and Why Budget?
  • The Budgeting Framework and the various Types of Budgets: top down, bottom up, incremental, zero-based, activity-based
  • The Budget Process
  • Qualitative and Quantitative Techniques of Forecasting Sales and Costs, and Sales Pricing
  • Budgeting for Labour Costs and Depreciation
  • The Departmental Budget
  • Preparation of the Master Budget and the Cash Forecast / Budget
  • The Human Side and the Behavioural Aspects of Budgeting
Day 9

Activity-Based Budgeting (ABB), Capital Budgeting, Budgetary Control and Variance Analysis

  • How the Budget is controlled in your Organisation
  • Activity-Based Budgeting (ABB)
  • Budgeting for Capital Projects
  • Discounted Cash Flow (DCF) investment appraisal methods of Net Present Value (NPV) and Internal Rate of Return
  • Capital Rationing and the Profitability Index (PI)
  • Budgetary Control Systems and Responsibility Accounting
  • Standard Costing for Budgeting and Budgetary Control
  • Fixed Budgets, Flexed Budgets, Variance Analysis and the Reasons for Variances
Day 10

Beyond Budgeting – Broadening Performance Measurement Systems

  • Integrating Continuous Improvement into the Budget Process
  • Advantages and Disadvantages of Budgeting
  • How to Improve the Budget Process in Your Organisation
  • The Conflict between Performance Improvement and the Costing System
  • Lean Thinking and Performance Improvement
  • What next – beyond the Budget?
  • The Balanced Scorecard – linking strategy with budgeting and with performance measurement
  • Developing and Adapting the Balanced Scorecard: Financial Perspective, Customer Perspective, Internal Business Process Perspective, Learning and Growth Perspective
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
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.

Global Standards, Local Relevance

All Saudi GLOMACS training courses are developed in line with internationally recognised standards while remaining relevant to the professional expectations and working environments in Saudi Arabia.

This approach ensures participants benefit from globally benchmarked knowledge that can be applied effectively within Saudi-based roles, regional responsibilities, and international professional contexts.

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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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