Home / Finance & Budgeting / The 10-Day Advanced Finance & Budgeting Skills

Course Schedule

Classroom Sessions:

Date	Venue	Fees
20 - 31 May 2024	London - UK	$11,900
08 - 19 Jul 2024	Dubai - UAE	$11,900

Course Description

MODULES

This training course is split into two modules:

MODULE I - Sustainable Finance

MODULE II - Business Financial, Budgeting & Accounting Skills

Each module is structured and can be taken as a stand-alone training course; however, delegates will maximise their benefits by taking Module 1 and 2 back-to-back as a 2-week training course.

Course Outline

Module 1: Sustainable Finance

DAY 1

Fundamentals of Sustainable Finance

Principles and foundation of sustainable finance
Environmental issues and concerns
Social issues and concerns
Governance issues and concerns
Ethical issues and concerns
Defining organisational scope for sustainable finance

DAY 2

Sustainable Strategic Management

Concepts of stakeholder value
The purpose of competitive companies
Principles and practice in corporate governance
Redefining competitive business strategy
Understanding business models and their disruption
Identifying key success factors
Using strategy maps to identify key performance indicators

DAY 3

Accounting and Reporting Sustainable Finance

The traditional financial analysis toolkit
Conventional measures of stakeholder value
Selecting the right key performance measures
Designing internal reports on sustainable finance
Principles of Integrated Reporting (IR)

DAY 4

Business Investment and Sustainable Finance

The challenges of sustainable investment
Scenarios for business model reinvention
Key decision factors for sustainable financial investment
Traditional tools of investment appraisal
Factoring in the environmental and social dimension
Limitations of conventional investment appraisal methods

DAY 5

Risk and Scope of Sustainable Finance

Traditional approaches to understanding business risk
Risk aspects from a sustainable finance perspective
Sustainable finance developments in banking
Sustainable finance developments in financial investments
Financial modelling of risk under sustainable finance conditions
The way forward in sustainable finance

Module 2: 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 Sponsor, one CPE credit is granted per 50 minutes of attendance

Providers and Associations

Endorsed Education Provider

GLOMACS is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org

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