The 10-Day Budgeting & International Financial Reporting Standards (IFRS)

An Interactive 10-Day Training Course

The 10-Day Budgeting & International Financial Reporting Standards (IFRS)

NASBA
Classroom Schedule
Date Venue Fees
22 Dec - 02 Jan 2026 Paris $ 11,900
23 Feb - 06 Mar 2026 London $ 11,900
27 Jul - 07 Aug 2026 London $ 11,900
12 - 23 Oct 2026 Rome $ 11,900
21 Dec - 01 Jan 2027 Paris $ 11,900

Modules

This training course is split into the following modules:

Module I - Budgeting For Performance Management

Module II - Certificate in International Financial Reporting Standards (IFRS)

Course Outline

Module I: Budgeting For Performance Management

Day 1

Budgeting and Business Performance Management

  • Creating value for key organisational stakeholders
  • Business Performance Management (BPM) frameworks
  • The fundamentals of competitive strategy
  • The vital role of budgeting and cost management in BPM
  • Principles of financial and management accounting
  • Key financial measures of value creation
  • Using strategy maps to integrate non-financial measures
Day 2

Cost Planning and Cost Management

  • Defining and understanding cost behaviour
  • The role of costing in performance management
  • Traditional costing: absorption costing
  • Traditional costing: marginal costing and break-even analysis
  • Traditional costing: standard costing control frameworks
  • Developments in costing: Target and Kaizen costing
  • Developments in costing: Activity Based Costing (ABC)
  • A strategic approach to cost management and reduction
Day 3

Steps and Techniques in Budget Preparation

  • Forecasting techniques for budgeting
  • Business Intelligence and budgeting
  • Diagnostic and predictive analytics for budgeting
  • Statistical tools and techniques in sales forecasting
  • Statistical tools and techniques for cost forecasting
  • Steps in the budgeting process
  • Budgeting and managing capital expenditure (CapEx)
  • Cash flow forecasting and budgeting
  • Styles and approaches to budgeting
  • Human and behavioural aspects of budgeting
Day 4

Using Budgets to Monitor and Manage Performance

  • Principles of Responsibility Accounting
  • Variance analysis and performance management
  • Standard costing and cost management
  • Using data analytics to find the root cause of variances
  • Data visualisation techniques for financial reports
  • Designing budget reports
  • Dashboards and their use in performance management
  • Designing tactical dashboards for budget management
Day 5

Beyond Budgeting to Adaptive Management

  • Shortcomings of traditional approaches to budgeting
  • Beyond Budgeting case study
  • Moving towards decentralised performance management
  • Replacing budgets with rolling forecasts
  • Using key driver forecasts for risk management
  • Using balanced scorecard to manage Key Performance Indicators
  • Why traditional budgeting still has a key role to play

Module II: Certificate in International Financial Reporting Standards (IFRS)

Day 6

The Role & Scope of IFRS

  • Establishing the case for IFRS
  • International accounting diversity
  • IFRS & US GAAP
  • The role & scope of IFRS & IAS
  • The IASB conceptual framework
  • IFRS, accounting concepts & policies
Day 7

The Presentation & Preparation of Financial Statements

  • The annual reports & financial statements
  • IAS 1 presentation of financial statements
  • Preparing the income statement
  • Preparing the statement of financial position
  • IAS & statement of cashflow
  • Notes & disclosures
Day 8

Accounting for Cash Flow & Financial Instruments

  • The importance of cash flow
  • Preparing a statement of cash flows in accordance with IFRS 7
  • Evaluating the cash flow
  • What are financial instruments & derivatives?
  • IFRS 7 financial instruments: Disclosures
  • IFRS 9 financial instruments
Day 9

Accounting for Assets

  • Tangible & intangible assets
  • IAS 16: Property, plant and equipment and Depletion, Depreciation & Amortisation (DD&A)
  • IAS 36: Impairment of assets
  • IFRS 13 fair value measurement
  • IAS 38: Intangible assets
  • IAS 2 inventories
Day 10

Accounting for Strategic Alliances & Business Combinations 

  • Strategic alliances mergers & acquisitions
  • Goodwill
  • IFRS 3 business combinations
  • IFRS 10: Consolidated financial statements
  • IFRS 11: Joint arrangements
  • IFRS 12: Disclosure of interests on other entities
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

Endorsed Education Provider

NASBA
Options & Brochure
Related Categories
Finance & Budgeting
Related Courses

Financial Modelling Using Excel

5 - Day Training

This training course, presented by GLOMACS Financial Modeling Using Excel equips participants with practical skills in building and applying financial models using Excel, enabling them to analyze...

View Course

Certificate in Advanced Financial Modelling

5 - Day Training

This training course is designed for experienced finance professionals seeking to elevate their financial modelling capabilities to an advanced level. It focuses on sophisticated techniques including...

View Course

Certificate in Financial Modelling

5 - Day Training

This Certificate in Financial Modelling training course provides participants with the essential tools and techniques to construct robust financial models. Whether you are looking to enhance...

View Course

Predictive Modeling for Financial Fraud

5 - Day Training

Financial fraud is one of the most costly and disruptive risks facing organisations today. While reactive detection techniques are still widely used, forward-looking strategies that harness...

View Course
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.

Related Categories
Finance & Budgeting
Finance & Budgeting

Training Venues

Browse our complete list of training venues

Training Categories

Browse our complete list of training categories