| Date | Venue | Fees | |
|---|---|---|---|
| 05 - 09 Oct 2026 | Online | $ 4,950 | |
| 02 - 06 Nov 2026 | Paris - France | $ 5,950 | |
| 14 - 18 Dec 2026 | Dubai - UAE | $ 5,950 | |
| 24 - 28 May 2027 | Barcelona - Spain | $ 5,950 | |
| 12 - 16 Jul 2027 | London - UK | $ 5,950 | |
| 19 - 23 Jul 2027 | Dubai - UAE | $ 5,950 | |
| 04 - 08 Oct 2027 | Online | $ 4,950 | |
| 01 - 05 Nov 2027 | Paris - France | $ 5,950 | |
| 13 - 17 Dec 2027 | Dubai - UAE | $ 5,950 |
Introduction
The Advanced Budgeting & Forecasting training course provides finance and business professionals with the advanced knowledge, analytical tools, and strategic planning techniques required to improve financial performance and support informed business decision-making. In today’s highly competitive and rapidly changing business environment, organizations require accurate budgeting and forecasting processes that align operational activities with long-term corporate objectives.
This intensive and practical training course explores modern approaches to budgeting, forecasting, financial planning, and performance management. Participants will learn how to create responsive financial models, improve forecasting accuracy, streamline budget preparation processes, and integrate strategic planning with operational and financial performance management.
The Advanced Budgeting & Forecasting training course also focuses on the use of data-driven analysis, key performance indicators (KPIs), cost forecasting techniques, and performance reporting systems that enhance organizational agility and financial control. Through practical case studies and interactive exercises, delegates will gain hands-on experience in applying advanced budgeting methodologies to real-world business scenarios.
Key focus areas of this GLOMACS Advanced Budgeting & Forecasting training training course include:
- Streamlining budgeting cycles for improved efficiency and organizational alignment
- Increasing managerial accountability and engagement in financial planning
- Integrating strategic objectives with operational and financial plans
- Applying practical forecasting tools and analytical techniques
- Enhancing financial reporting and business performance analysis
Objectives
By the end of this Advanced Budgeting & Forecasting training course, participants will be able to:
- Apply advanced budgeting and forecasting methodologies effectively
- Integrate budgeting processes with long-term business strategy
- Design responsive planning and reporting systems for timely decision-making
- Utilize statistical and financial tools to improve forecasting accuracy
- Develop budgeting frameworks aligned with operational and strategic objectives
- Identify and apply key performance indicators (KPIs) to measure business performance
- Manage the budgeting process with improved transparency and accountability
- Apply financial planning techniques that support profitability and organizational value creation
Training Methodology
This Budgeting & Forecasting training course uses a practical and interactive approach, combining expert instruction with real-life case studies, group exercises, and simulations. Delegates will actively participate in building budgets and forecasts using proven financial models and statistical tools. Each session reinforces concepts through discussion, application, and feedback to ensure that learning outcomes are achieved and retained.
Who should Attend?
This GLOMACS Advanced Budgeting & Forecasting training course is suitable for professionals involved in financial planning, budgeting, forecasting, and business performance management, including:
- Finance and Accounting Professionals Involved in Budget Development and Reporting
- Department Heads and Line Managers Responsible for Budget Performance
- Strategic Planners and Business Analysts
- Consultants, Advisors, and Project Managers Involved in Cost Control
- Anyone Responsible for Corporate Financial Planning or Decision Support
Budgets in Today’s International environment
- Planning In the Organization
- Organizational Planning and Control Framework
- The Product / Information / Decision Support Cycle
- Strategic, Tactical, and Operational Forecasts
- The Recognition of Risk in Models
- Using Budget Models for Simulation Purposes
- The Drive Toward Shareholder Value (EVA®)
- The Strategic Plan
- The Purpose of Planning and Budgeting in Business
- Defining the Strategic Approach to Business Planning
- Defining Strategic Assumptions
- Building the Strategic Planning Model Using Financial Data
- Various Strategic and Tactical Approaches to Business Planning
- Defining the Decision-Support Model: Assumptions / Goals and Key Success Factors
Analysing the Historical Data Using Excel®
- Recognizing the Basic Patterns Inherent in Historical Data
- Using the Exploratory Data Analysis Tools Available in Excel®
- Development of Time Series Models Using Histograms, Moving Averages, Exponential Smoothing and Regression Analysis
- Using Regression Analysis as a Predictor and Estimator
- Mastering the Use of Exponential Smoothing as a Data Analysis Tool
- Single Regression vs. Multiple Regression
- Validation of Time Series Analysis
Approaches to Budget Development
- Types of Budgets
- Zero Base Budgeting
- Activity Based Budgeting
- Rolling Budgets
- Operational Unit Budgeting
- Programme Budgeting
- Developing the Cash Budget
- Using Activity based Budgeting
- Developing the ABB Application Model
- Budgeting for Processes Rather than Departments
- Defining Key Cost Drivers
- Defining Key Activities
- Development of ABB Cost Standards
- Developing the Activity-Based Budget
Strategic and Operational Cost Analysis Techniques
- Types of Costs
- Identifying Fixed, Variable and Semi-Variable Costs
- Application of Regression in the Development of Budgets
- Building the Financial Simulation Model Using Articulated Financial Statements
- Building the Financial Simulation Model Using Simulation
- Developing Manufacturing Standards
- Material Standard Development
- Labour Standard Development
- Factory and Corporate Overhead Standard Development
- Variance Analysis
Defining and Testing Optimisation Techniques in Models Using Excel®
- Basic Structure of All Optimisation Models
- Different Forms and Applications of Optimization Models
- Developing a Financial Optimisation Model
- Performing Sensitivity Analysis of an Optimisation Model
- Interpreting the Solution of an Optimisation Model to a Non-Technical Manager
- Upon successful completion of the classroom-based 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
- Upon successful completion of the online training course, a GLOMACS Certificate will be awarded to all delegates. Guided Learning Hours – In accordance with ISO 9001:2015–certified quality management standards, one Guided Learning Hour is awarded for every 60 minutes of attendance.
