Introduction
This comprehensive five-day program is designed to equip professionals with the strategic, analytical, and financial skills needed to make informed business decisions and support organizational performance. Participants will begin by exploring planning strategy and corporate governance, learning how strategic choices, reporting practices, and working-capital planning influence long-term success. The course then introduces powerful forecasting techniques, including quantitative analysis, regression models, valuation methods, and practical Excel® applications to enhance financial predictions and decision-making.
Building on this foundation, attendees will develop a solid understanding of financial statements, key ratios, and real-world financial analysis. The program also covers integrated costing and budgeting, highlighting essential cost concepts, allocation methods, ABC costing, and the role of standard costs in effective variance analysis. On the final day, participants will apply these concepts to compute flexed and sales-volume budget variances, assess cost behavior, and understand CVP relationships. By the end of the course, learners will be fully equipped with the analytical tools and financial insights needed for strategic planning, budgeting, and performance evaluation across diverse business environments.
This GLOMACS Budgeting, Planning& Management Reporting training course enables participants to:
- Understand the fundamentals of strategic planning and corporate governance and apply them in practical business settings.
- Develop effective management reporting practices that support informed decision-making.
- Use quantitative and statistical tools to enhance forecasting accuracy and reliability.
- Apply regression analysis, NPV, and DCF techniques to evaluate projects and company valuations.
- Interpret financial statements and perform comprehensive ratio analysis for performance assessment.
- Implement integrated costing systems, including Activity-Based Costing, for more accurate cost allocation.
- Prepare effective budgets and analyse variances to identify performance gaps and improvement opportunities.
- Evaluate cost behavior and apply CVP analysis to support strategic financial planning and operational decisions.
Objectives
By the end of this Budgeting, Planning & Management Reporting training course, you will be able to:
- Link organisational strategy to practical financial and operational plans.
- Build structured planning frameworks that improve transparency and accountability.
- Apply a wide range of forecasting models to anticipate future financial outcomes.
- Evaluate investment opportunities using advanced analytical and valuation methods.
- Assess organisational performance through detailed examination of financial statements.
- Design cost structures that reflect true resource consumption and support informed pricing decisions.
- Develop integrated budgets that align with strategic objectives and resource constraints.
- Diagnose performance issues by analysing budget deviations and identifying underlying drivers.
Training Methodology
This 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 re-enforced with practical exercises.
Organisational Impact
- Cost and budgeting awareness will be enhanced
- Higher chances to design or 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 and cost management
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?
This GLOMACS Budgeting, Planning & Management Reporting training course is ideal for professionals involved in financial planning, performance management, and organisational decision-making. It will be particularly valuable for:
- Staff members responsible for preparing, entering, or validating data within budgeting and forecasting systems.
- Professionals seeking stronger command of their organisation’s financial position and improved confidence in interpreting numbers.
- Finance, accounting, and audit personnel who wish to enhance their analytical and reporting capabilities.
- Business unit leaders, project managers, and operational supervisors involved in cost management and resource planning.
- Sales, marketing, and R&D professionals who contribute financial inputs or rely on budget insights for strategic decisions.
- Individuals aiming to strengthen their understanding of budgeting, costing, and performance measurement.
- Anyone transitioning into roles that require financial planning, forecasting, or management reporting responsibilities.
