| Date | Venue | Fees | |
|---|---|---|---|
| 02 - 13 Nov 2026 | Paris - France | $ 11,900 | |
| 24 May - 04 Jun 2027 | Barcelona - Spain | $ 11,900 | |
| 12 - 23 Jul 2027 | London - UK | $ 11,900 | |
| 01 - 12 Nov 2027 | Paris - France | $ 11,900 |
Introduction
This Advanced Financial Planning, Budgeting, Forecasting & Cost Management training course equips finance professionals, FP&A specialists, business leaders, and financial managers with the advanced knowledge and practical frameworks required to integrate financial planning, budgeting, forecasting, cost management, and business performance management into a unified strategic planning process. Modern finance functions are expected to move beyond preparing annual budgets by delivering forward-looking financial intelligence, scenario-based planning, business insights, and strategic recommendations that enable organisations to respond effectively to changing economic conditions and competitive pressures. Participants will gain practical understanding of integrated business planning (IBP), Financial Planning & Analysis (FP&A), Enterprise Performance Management (EPM), advanced budgeting methodologies, forecasting models, and strategic cost management techniques that support sustainable organisational performance.
Effective financial planning is a continuous process that aligns strategic objectives with operational execution, resource allocation, performance measurement, and value creation. Organisations increasingly require finance professionals who can develop integrated planning models, improve forecasting accuracy, optimise costs, evaluate investment decisions, analyse business performance, and provide meaningful decision support for executive management. This comprehensive training course explores international best practices in strategic planning, rolling forecasts, driver-based planning, financial modelling, variance analysis, activity-based budgeting, cost optimisation, business analytics, balanced scorecards, and digital finance transformation. Participants will examine how advanced financial planning supports governance, organisational agility, operational excellence, and long-term business resilience. Emphasis is placed on strategic decision-making, financial discipline, continuous planning, and improving organisational performance through integrated financial management.
This GLOMACS Advanced Financial Planning, Budgeting, Forecasting & Cost Management training course will highlight:
- Integrated Financial Planning & Analysis (FP&A) and Enterprise Performance Management (EPM)
- Strategic budgeting, rolling forecasts, and driver-based planning methodologies
- Cost planning, activity-based budgeting, and financial performance optimisation
- Financial modelling, business analytics, and executive decision support
- Continuous planning, governance, and digital transformation in finance
Modules
This training course is split into the following modules:
Module I - Advanced Budgeting & Forecasting
Module II - Advanced Budgeting & Cost Management
Objectives
At the end of this Advanced Financial Planning, Budgeting, Forecasting & Cost Management training course, you will learn to:
- Align financial planning processes with organisational strategy and business objectives
- Develop integrated operating, capital, and cash flow budgets using advanced methodologies
- Improve forecasting accuracy through rolling forecasts, scenario planning, and business analytics
- Apply strategic cost planning, allocation, optimisation, and performance measurement techniques
- Strengthen FP&A capabilities to support executive decision-making and continuous business improvement
Training Methodology
This training course uses a structured and highly practical learning methodology that combines strategic finance frameworks, FP&A methodologies, financial modelling techniques, budgeting practices, forecasting tools, and business analytics. Participants will develop integrated planning models, perform financial analysis using spreadsheet-based techniques, evaluate business scenarios, analyse performance indicators, and apply cost management methodologies through practical exercises, case studies, simulations, and interactive workshops. Emphasis is placed on strengthening analytical capability, improving financial planning processes, and enabling participants to support strategic organisational decision-making.
Organisational Impact
This Advanced Financial Planning, Budgeting, Forecasting & Cost Management training course will enable organisations to:
- Strengthen integrated financial planning and business performance management
- Improve budgeting accuracy and forecasting reliability
- Enhance cost optimisation and resource allocation decisions
- Strengthen executive decision-making through advanced financial analysis
- Improve financial governance, accountability, and organisational agility
- Support sustainable business growth through continuous financial planning
Personal Impact
Participants will develop:
- Advanced understanding of Financial Planning & Analysis (FP&A)
- Improved capability in budgeting, forecasting, and financial modelling
- Enhanced analytical skills for strategic decision support
- Greater confidence in evaluating financial performance and business risks
- Stronger expertise in cost management and performance optimisation
- Increased professional credibility in finance leadership and strategic planning
Who should Attend?
This GLOMACS training course is designed for professionals responsible for financial planning, budgeting, forecasting, cost management, and business performance.
- Finance Directors and Finance Managers
- FP&A Managers and Financial Planning Specialists
- Financial Controllers and Management Accountants
- Budget Managers and Cost Accountants
- Business Analysts and Performance Management Professionals
- Department Managers involved in financial planning and resource management
Module I: Advanced Budgeting & Forecasting
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
Module II: Advanced Budgeting & Cost Management
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
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
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
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)
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
- Upon 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
