The Budgeting Framework
An Interactive 3-Day Training Course

The Budgeting Framework

Planning, Costing and Forecasting

NASBA

We regret to inform you that we currently don't have any sessions scheduled for this course.

Please let us know your preferred date and venue, and we'll contact you soon.

Introduction

Setting budgets is all about how to plan for the expected and for the unexpected. Successful budget setting is very much linked to the longer-term planning and strategic direction of the organisation. This GLOMACS online training course clarifies these links, and the jargon and methodology of planning, budgeting, costing and performance measurement and the role of management accounting, in plain language that is easy to understand. It covers in detail how the tools and techniques of successful budgeting is applied within the overall planning framework to ensure that organisational goals are met.

The Instructors own business career experiences and many other real-world business scenarios are shared throughout this stimulating online training course to illustrate and reinforce the practical application of the tools and techniques and best practice.

Objectives

By the end of this online training course you will be able to:

  • Appreciate the importance of financial planning and budgeting with regard to the primary business objective of shareholder wealth maximisation
  • Identify the links between strategic planning, budget setting, and performance measurement
  • Evaluate the differences between full costing, marginal costing, and activity based costing (ABC)
  • Use alternative approaches to costing for planning, budgeting and budgetary control
  • Consider the reasons and purposes of budgeting, and alternative approaches to budgeting for more effective control and improved financial performance

Training Methodology

This online training course will utilize a variety of proven online learning techniques to ensure maximum understanding, comprehension, retention of the information presented. The training course is conducted Online via an Advanced Virtual Learning Platform in the comfort of any location of your choice.

Who should Attend?

This GLOMACS online training course is suitable for a wide range of professionals but will greatly benefit:

  • Business professionals working in operations, manufacturing, R&D, engineering, quality management, procurement and logistics, human resources, and project management roles
  • Accountants, controllers, finance directors, and other finance professionals active in the planning process
  • Those working in general management, sales and marketing, estimating and costing, facilities management, and asset management
Course Outline
Day 1 to Day 3
  • Linking strategic management and decision-making with financial planning and budgeting
  • The importance of vision and mission
  • Setting corporate objectives with accountability for creating value and maximisation of shareholder wealth, and maintaining good corporate governance
  • Financial modelling of long-term strategic plans to determine financing requirements, optimise capital structure and gearing and minimise WACC
  • Cost behavior and the impact of alternative costing systems on profitability, budgeting and financial reporting
  • Product cost cross-subsidisation
  • Activity based costing (ABC) and activity based management (ABM)
  • Refining the costing systems and measurement systems to support financial decision-making
  • Statisical methods of short- and long-term forecasting
  • Time series models of weighted average and exponential smoothing, and causal methods of regression analysis
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 and Associations

Endorsed Education Provider

KHDA
NASBA

In Association With

Oxford Management Centre

Visit Website

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 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.
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, hands-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, industry-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 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.

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