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Mastering Finance, Budgeting and Performance Measurement

An Interactive 10-Day Training Course

Mastering Finance, Budgeting and Performance Measurement

Financial Strategy & Accounting Skills

NASBA
Classroom Schedule
Date Venue Fees
13 - 24 Jul 2026 Dubai $ 11,900
31 Aug - 11 Sep 2026 London $ 11,900
19 - 30 Oct 2026 Dubai $ 11,900
23 Nov - 04 Dec 2026 London $ 11,900

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 Strategy

Day 1

Business and Financial Strategy – The Vital Link 

  • The Purpose and Goals of the Firm
  • The Aims and Principles of Competitive Strategy
  • The Role of Financial Strategy in Business Success
  • Tools for Strategic Analysis and Strategy Development
  • Building a Winning Business Model
  • Implementing an Effective Performance Management System
  • Financial Planning: Budgeting and Beyond
Day 2

Financial Performance Management

  • Understanding, Analysing and Interpreting Financial Statements
  • Agency Theory and its Impact on the Business’s Goals
  • Investor and Stock Market Behaviour: Share Price Drivers
  • Key Concepts in Measuring Shareholder Value
  • Understanding Cost Behaviour and Profit
  • Measuring and Improving Return on Investment
  • A Strategic Approach to Cost Reduction
  • Managing and Enhancing Shareholder Value
Day 3

Funding Strategy and Liquidity Management 

  • Sources of Business Finance: Equity and Debt
  • Financial Gearing – Risk and Impact on Profitability
  • Calculating Company Cost of Capital and its Implications
  • Optimum Capital Structure: Theory and Practice
  • Cash Flow and Liquidity Management
  • Designing and Building Financial Models in Excel
  • Financial Model Application: Cash Flow Forecasting
  • Predicting Corporate Distress and Failure
Day 4

Capital Investment Strategy and Risk Management Strategy   

  • Capital Investment Management
  • Using the Discounted Cash Flow (DCF) Tools in Excel
  • Tools for Capital Investment Appraisal and Decision-making
  • Financial Model Application: Capital Investment Appraisal Analysis
  • An Integrated Approach to Risk Management
  • Tools for Identifying and Analysing Business Risk
  • Using Financial Instruments to Manage Financial Risk
  • Decision-making under Conditions of Risk
Day 5

Corporate Governance: Defending and Growing the Business 

  • Purpose and Principles of Corporate Governance
  • Long-term Business Growth Strategies
  • Why even great companies can fail?
  • Understanding Business Model Disruption
  • Innovation Killers
  • Mergers and Acquisitions
  • Business Restructuring and Reorganisation

Module II: Business Financial, Budgeting & Accounting Skills

Day 6

Management and Financial Accounting: Key Concepts and Terminologies

  • 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 7

Cost Analysis

  • 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 8

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 Hierarchy & Cost Drivers
  • Linking Resources, Activities and Management
  • Introducing Activity-Based Budgeting and Management
  • Video, Case Study and Examples
Day 9

Budgeting: Flexible Budgets and Variance Analysis

  • 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 10

Measuring Corporate Performance: The Balanced Scorecards and Six-Sigma

  • 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

KHDA
NASBA

In Association With

Options & Brochure

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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