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Advanced Budgeting and Financial Statement Analysis

An Interactive 10-Day Training Course

Advanced Budgeting and Financial Statement Analysis

NASBA
Classroom Schedule
Date Venue Fees
20 - 31 Jul 2026 London $ 11,900
24 Aug - 04 Sep 2026 Paris $ 11,900

Modules

This training course is split into the following modules:

Module I - Advanced Budgeting & Cost Management

Module II - Advanced Financial Statements Analysis

Course Outline

Module I: Advanced Budgeting & Cost Management

Day 1

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
Day 2

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
Day 3

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
Day 4

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)
Day 5

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

Module II: Advanced Financial Statements Analysis

Day 6

Introduction to Advanced Financial Analysis

  • Why analyse financial data?
  • Who are the users of Financial Information?
  • Sources of Financial Information
  • Published Annual Reports and Accounts – What is their purpose?
  • The Structure and Contents of an Annual Report and Accounts
  • Creative Accounting, Financial Scandals, and the Agency Problem
  • Corporate Governance, Sustainability, Ethics and Corporate and Social Responsibility (CSR) Reporting
  • The Three Main Financial Statements
    • Income Statement
    • Balance Sheet
    • Statement of Cash Flows
Day 7

Analysing the Annual Report and Accounts

  • Using Ratio and Other Analyses of the Annual Report and Accounts to Assess Financial Position and Financial Performance
  • Profitability and Cost-Volume-Profit (CVP) Analysis
  • Efficiency and Working Capital
  • Liquidity and the Short-term Solvency
  • Investment and Growth
  • Financial Structure and Long-term Solvency
  • Ratio Analysis using Excel
  • Excel Trend Analysis using Common-size Horizontal Analysis and Vertical Analysis for Comparability
Day 8

Analytical Tools, Cash vs. Profit and the Cash Forecast

  • The Dupont System of Ratio Analysis and Pyramids of Ratios
  • Segmental Analysis and Value Added Analysis of the Annual Report and Accounts
  • The Fundamental Statistical Tools and Graphical Representations
  • Using Statistical Techniques to Analyse and Forecast Financial Data
  • The Impact of Alternative Asset Valuation Methods on the Balance Sheet and Profitability
  • Cash flow vs. Profit – The Best Measure of Financial Performance
  • Working Capital and the Cash Flow Operating Cycle
  • Direct and Indirect Cash Flow Analysis and the Cash Flow Forecast
Day 9

Financing the Business, Capital Investment Project and Business Valuation

  • Analysis of the Balance Sheet to Identify Long-term Debt and Equity, and Short-term Financing
  • Capital Cost Models: Cost of Equity using Dividend Growth and Capital Asset Pricing Model (CAPM), Cost of Debt
  • Weighted Average Cost of Capital (WACC)
  • Optimal Capital Structure Models to Minimise WACC
  • Future Values, Present Values, and Discounted Cash Flow (DCF)
  • Using Net Present Value (NPV), Internal Rate of Return (IRR), Modified Internal Rate of Return (MIRR) and Equivalent Annual Cost (EAC) to Analyse and Evaluate Capital Projects
  • The Reasons for Business Valuations
  • Business Valuation Models
Day 10

Analysing and Predicting Corporate Failure, Business and Financial Risk

  • Predicting Financial Distress and Corporate Railure – The Altman Z-score Model
  • Risk and Uncertainty
  • Risk Analysis using Expected Values, Standard Deviation and Coefficient of Variation
  • Sensitivity, Simulation, Scenario and Break-even Analysis Techniques
  • The Analytical Tools to Manage Risk
  • Systematic Risk, Unsystematic Risk, Business Risk and Financial Risk
  • Financial Risk– Interest Rate and Foreign Currency Exchange Rate Exposures
  • Using Insurance, Hedging and Derivatives to Mitigate and Minimise risk
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

NASBA

In Association With

Options & Brochure
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Finance & Budgeting
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Frequently Asked Question

No. Saudi GLOMACS delivers courses in Saudi Arabia and internationally, including delivery across Europe and Asia. This allows organisations and professionals to access training both locally and abroad.

No. While governance and leadership are part of the portfolio, Saudi GLOMACS delivers training across the entire business and professional lifecycle, including administrative, technical, legal, regulatory, and sector-specific training.

Yes. Saudi GLOMACS designs and delivers bespoke in-house training tailored to organisational objectives, sector requirements, and workforce needs. Training can be delivered in Saudi Arabia or internationally, depending on requirements.

Courses delivered in Saudi Arabia are adapted to reflect local regulatory frameworks, organisational structures, sector conditions, and professional expectations. This ensures training is relevant, practical, and aligned with Saudi workplace realities.

GLOMACS has been delivering professional training for over thirty years, with courses delivered across Europe, the Middle East, Asia, and other international markets.

Saudi GLOMACS combines three decades of global training experience with a clear focus on Saudi market relevance. This allows it to deliver training that is both internationally credible and locally applicable, across a broader range of disciplines than niche or single-focus providers.

Saudi GLOMACS is a Saudi-based professional training provider delivering courses tailored to the Saudi market and applicable internationally. It operates within the global GLOMACS framework and draws on more than three decades of international training experience.

Saudi GLOMACS offers professional training across a wide range of disciplines, including administration, leadership and management, governance and regulation, law, oil and gas, energy, engineering, finance, digital technologies, and sector-specific specialisations.

Training supports professionals across all career stages, from operational roles to specialist and senior responsibilities.

Participants include professionals from public sector, semi-government, and private sector organisations, across a wide range of roles and industries. Attendees range from administrative and operational professionals to technical specialists, managers, and senior decision-makers.

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