Schedules Introduction Objectives Training Methodology Organisational Impact Personal Impact Who Should Attend? Outline

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Course Schedule

Classroom Sessions:

Date	Venue	Fees
18 - 22 Aug 2025	Dubai - UAE	$5,950
08 - 12 Dec 2025	Dubai - UAE	$5,950
21 - 25 Dec 2025	Riyadh - Saudi Arabia	$5,950
09 - 13 Feb 2026	Dubai - UAE	$5,950

Course Description

INTRODUCTION

This Budget Preparation Skills training course focuses on the essential skills required to understand the processes of costing and budgeting within organisations.

This is designed to address all the relevant issues concerning cost analysis, budget preparation and performance measurement. This Budget Preparation Skills training course is a must for all professionals who need to master their budgeting skills by learning how costs behave so that realistic business plans can be produced.

This GLOMACS training course enables participants to:

Identify the key factors required to understand business processes
Develop proper system of cost analysis for budgeting purposes
Master the budgeting and financial skills required for better decision-making
Identify sources of financial and operational data to support the budgeting process
Learn new best practices to manage organisational performance

Objectives

Learn costing and budgeting terminology used in business
Understand the importance of a well-defined costing and budgeting process
Determine full costs of outputs for the goods and services provided
Master traditional techniques and recent best practices
Link finance and operation for budgeting purposes and strategy execution
Learn how to build a comprehensive performance measurement system

Training Methodology

This GLOMACS Budget Preparation Skills training course will be conducted along workshop principles with formal lectures, case studies and interactive worked examples. Relevant case studies will be provided to illustrate the application of each tool in an operations environment. Each learning point will be reinforced with practical exercises. Difficult mathematical concepts are minimised and handled in a visual way that is easy to understand with examples demonstrated.

Organisational Impact

Cost and Budgeting awareness will be enhanced
Higher chances to select a budgetary system that works
Broadened Knowledge of performance management techniques
Better attitude to link cost and budgeting to strategy and performance measurement
Deeper understanding of cause and effect relationship for budgeting purposes
Better awareness of non-financial implications of budgeting

Personal Impact

Delegates will understand the budgeting methods most useful to them
They will understand how to construct a relevant and efficient budget
They will learn to evaluate the usefulness of costing techniques in accurately calculating and ensuring profitability
They will reinforce and expand their knowledge by linking budgeting to strategy and performance measurement
They will broaden their understanding by linking financial and operational issues

WHO SHOULD ATTEND?

The staff person who will be responsible for entering data into the budget system or training others how to enter information
Those who want to gain control of the firm's financial standing and obtain a firm grasp on the numbers side of their job
Financial professionals, R&D professionals, sales / marketing professionals, general accounting professionals, business unit professionals
Anyone who wants to understand the basics of budgeting and costing

Course Outline

DAY 1

Budgeting and Its Role Within the Management Process

The Role of Budgeting within Management Accounting
Linking Costing and Budgeting to Strategy and Performance Measurement
The Process of Value Creation: Implications for Budgeting
What is a budget and why costing is fundamental?
Budgets - The Financial Expression of the Operating Plan
Linking Financial and Operational Issues
Behavioural Implications of Budgeting

DAY 2

Costs Analysis for Budgetary Purposes

Costing for Budgeting: Why?
Cost Terms and Purposes
Fixed and Variable Costs
Cost, Volume, Profit (CVP) Relationships
The Key Concept of Contribution Margin
Direct and Indirect Cost – The Allocation Problem
Traditional Methods vs. Activity Based Costing (ABC)

DAY 3

The Framework for Budgeting

Elements of the Budgeting Framework
Key Concepts and Terminology
Advantages and Disadvantages - critical issues to be discussed
Overview of the Financial Statements
Balance Sheet, Income Statement, and the Statement of Cash Flows
Introducing Cost Analysis for Decision-making
The Importance of Understanding Full Costs

DAY 4

Flexed Budgets and Variance Analysis

Budgeting for Management Control Purposes
Explain Why Standard Costs are used in Variance Analysis
Describe the difference between a Fixed Budget and a Flexed Budget
Compute Flexed Budget Variances and Sales Volume Variances
How to interpret variance analysis?
Integrate continuous improvement into Variance Analysis
Is budgeting enough?

DAY 5

Beyond Budgeting: Broadening Performance Measurement Systems

Shortcomings of Traditional approaches to Budgeting and Measurement
Linking Financial to Operational Issues
Linking Strategy to Performance Measurement
The Balanced Scorecard and Six Sigma
Financial Perspective
Customer Perspective
Internal Business Process Perspective
Learning and Growth Perspective
Developing and Adapting the Scorecard

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

In Association With

Oxford Management Centre

A GLOMACS - Oxford Management Centre collaboration aimed at providing the best training services and benefits to our valued clients.

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The Energy Training Centre

Our collaboration with Energy Training Centre aims to provide the best training services and benefits for our valued clients

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Options & Brochure

Related Categories

Finance & Budgeting

Frequently Asked Question:

How can I find out more information about a specific course?

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.

Can I get a discount for group bookings?

Yes, GLOMACS offers special discounts for group bookings. If you’re planning to enroll multiple participants from your organization, please reach out to our team to discuss the available discount packages.

How are GLOMACS courses structured?

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

Will I receive a certificate upon completing a GLOMACS course?

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.

Does GLOMACS offer customized training for organizations?

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.

How can I register for a GLOMACS course?

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.

Who are the trainers at GLOMACS?

Our trainers are industry experts with years of practical experience in their respective fields. They bring real-world knowledge and insights into the classroom, ensuring that our participants receive top-tier, applicable skills and expertise.

Are GLOMACS training courses available online or in person?

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

What types of training courses does GLOMACS offer?

GLOMACS offers a wide range of professional development training courses across various industries, including Leadership & Management, Finance & Accounting, Human Resources, Engineering, Oil & Gas, Operations and Logistics, Engineering and Technical and more. Our training courses are designed to enhance career growth and organizational effectiveness.

What are the key benefits of attending a GLOMACS course?

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

Why should I choose GLOMACS?

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

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