+971 (04) 425 0700

info@glomacs.com

An Interactive 10-Day Training Course

Advanced Budgeting and Financial Statement Analysis

Schedules Outline

Classroom Schedule

Date	Venue	Fees
20 - 31 Jul 2026	London - UK	$ 11,900
24 Aug - 04 Sep 2026	Paris - France	$ 11,900

Modules

This training course is split into the following modules:

Module I - Advanced Budgeting & Cost Management

Module II - Advanced Financial Statements Analysis

Course Outline

Module I: Advanced Budgeting & Cost Management

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

Module II: Advanced Financial Statements Analysis

Day 6

Introduction to Advanced Financial Analysis

Why analyse financial data?
Who are the users of Financial Information?
Sources of Financial Information
Published Annual Reports and Accounts – What is their purpose?
The Structure and Contents of an Annual Report and Accounts
Creative Accounting, Financial Scandals, and the Agency Problem
Corporate Governance, Sustainability, Ethics and Corporate and Social Responsibility (CSR) Reporting
The Three Main Financial Statements
- Income Statement
- Balance Sheet
- Statement of Cash Flows

Day 7

Analysing the Annual Report and Accounts

Using Ratio and Other Analyses of the Annual Report and Accounts to Assess Financial Position and Financial Performance
Profitability and Cost-Volume-Profit (CVP) Analysis
Efficiency and Working Capital
Liquidity and the Short-term Solvency
Investment and Growth
Financial Structure and Long-term Solvency
Ratio Analysis using Excel
Excel Trend Analysis using Common-size Horizontal Analysis and Vertical Analysis for Comparability

Day 8

Analytical Tools, Cash vs. Profit and the Cash Forecast

The Dupont System of Ratio Analysis and Pyramids of Ratios
Segmental Analysis and Value Added Analysis of the Annual Report and Accounts
The Fundamental Statistical Tools and Graphical Representations
Using Statistical Techniques to Analyse and Forecast Financial Data
The Impact of Alternative Asset Valuation Methods on the Balance Sheet and Profitability
Cash flow vs. Profit – The Best Measure of Financial Performance
Working Capital and the Cash Flow Operating Cycle
Direct and Indirect Cash Flow Analysis and the Cash Flow Forecast

Day 9

Financing the Business, Capital Investment Project and Business Valuation

Analysis of the Balance Sheet to Identify Long-term Debt and Equity, and Short-term Financing
Capital Cost Models: Cost of Equity using Dividend Growth and Capital Asset Pricing Model (CAPM), Cost of Debt
Weighted Average Cost of Capital (WACC)
Optimal Capital Structure Models to Minimise WACC
Future Values, Present Values, and Discounted Cash Flow (DCF)
Using Net Present Value (NPV), Internal Rate of Return (IRR), Modified Internal Rate of Return (MIRR) and Equivalent Annual Cost (EAC) to Analyse and Evaluate Capital Projects
The Reasons for Business Valuations
Business Valuation Models

Day 10

Analysing and Predicting Corporate Failure, Business and Financial Risk

Predicting Financial Distress and Corporate Railure – The Altman Z-score Model
Risk and Uncertainty
Risk Analysis using Expected Values, Standard Deviation and Coefficient of Variation
Sensitivity, Simulation, Scenario and Break-even Analysis Techniques
The Analytical Tools to Manage Risk
Systematic Risk, Unsystematic Risk, Business Risk and Financial Risk
Financial Risk– Interest Rate and Foreign Currency Exchange Rate Exposures
Using Insurance, Hedging and Derivatives to Mitigate and Minimise risk

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

In Association With

Visit Website

Visit Website

Frequently Asked Question:

GLOMACS offers both online andperson training options. You can choose from interactive virtual sessions or attend one of our globally locatedperson training courses. The flexibility ensures that learning fits your schedule and preferences.

Yes, GLOMACS provides customized training solutions tailored to meet the specific needs of organizations. We work closely with companies to design bespoke training courses that address their unique challenges and objectives.

Our courses are structured to provide a balanced mix of theory and practical application. They typically include presentations, case studies, group discussions,on activities, and interactive Q&A sessions to maximize learning outcomes.

For detailed information about specific courses, including course content, schedules, and instructors, you can visit our website or contact our customer service team. They will be happy to provide all the information you need to make an informed decision.

You can register for a GLOMACS training course by visiting our website, selecting the course of your choice, and following the simple registration process. You can also contact our support team for assistance with the registration process.

Attending a GLOMACS training course offers numerous benefits, including enhanced professional skills, increased employability,recognized certification, networking opportunities with peers and experts, and the chance to apply practical knowledge directly to your workplace.

GLOMACS is a globally recognized leader in professional training and development, with a reputation for deliveringquality,driven training courses. We offer a broad spectrum of training courses taught by expert trainers, flexible delivery options (both online andperson), and accredited certifications that add real value to your career.

Yes, upon successful completion of any of our training courses, GLOMACS Certificate will be awarded to the delegates. This certificate is a valuable addition to your professional portfolio and is recognized across various industries.

Options & Brochure

Related Categories

Finance & Budgeting

An Interactive 10-Day Training Course

Advanced Budgeting and Financial Statement Analysis

Modules

Module I: Advanced Budgeting & Cost Management

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

The Budgeting Framework and its Role within the Management Process

Cost Management for Budgeting Purposes

Traditional vs. Advanced Techniques in Cost-control

Broadening the Performance Measurement Systems

Module II: Advanced Financial Statements Analysis

Introduction to Advanced Financial Analysis

Analysing the Annual Report and Accounts

Analytical Tools, Cash vs. Profit and the Cash Forecast

Financing the Business, Capital Investment Project and Business Valuation

Analysing and Predicting Corporate Failure, Business and Financial Risk

Endorsed Education Provider

In Association With

Frequently Asked Question:

Download Pdf

Download Request

An Interactive 10-Day Training Course

Advanced Budgeting and Financial Statement Analysis

Modules

Module I: Advanced Budgeting & Cost Management

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

The Budgeting Framework and its Role within the Management Process

Cost Management for Budgeting Purposes

Traditional vs. Advanced Techniques in Cost-control

Broadening the Performance Measurement Systems

Module II: Advanced Financial Statements Analysis

Introduction to Advanced Financial Analysis

Analysing the Annual Report and Accounts

Analytical Tools, Cash vs. Profit and the Cash Forecast

Financing the Business, Capital Investment Project and Business Valuation

Analysing and Predicting Corporate Failure, Business and Financial Risk

Endorsed Education Provider

In Association With

Frequently Asked Question:

Course Registration

Request Info

Request In-House

Request Online Schedule

Download Pdf

Download Request