Advanced Planning, Budgeting and Cost Control

Finance & Accounting · 5 Days · Public · Al-Khobraa certified · From USD 3,900

Overview

Budgetary control is the most widely used tool for planning and monitoring organizational activities. Importantly, the budgets are inextricably linked with both strategy formulation and cost analysis. For these reasons, it is crucial to interpret how costs behave so that realistic budgets and plans can be produced, and appropriate financial and non-financial resources can be made available to the business. Knowing some of the limitations of budgetary control, it is also imperative to complement and integrate the budgets with other organizational techniques, such as the balanced scorecard.

Learning Objectives

• Successfully build an integrated planning, budgeting and reporting process
• Understand costs behavior and revenues more accurately
• Deliver more timely and useful information to decision makers
• Ensure that processes of business planning, budgeting, and management reporting are robust in themselves and suitable for your organization
• Link these processes together in your organization
• Understand capital budgeting
• Enhance cost awareness & perform variance analysis
• Describe specific cost analysis and performance measurement techniques
• Explore Balanced Scorecards and six-sigma

Who Should Attend

Financial Planning & Control Staff Those with direct or indirect financial responsibilities Those from every business discipline and department who have to run departments and budgetary plans, and who are responsible for the cost and strategic analysis Those from all sectors of industry, irrespective of functional responsibilities, but particularly those involved in manufacturing, production, engineering, or sales Those working in a project management environment

• Financial Planning & Control Staff
• Those with direct or indirect financial responsibilities
• Those working in a project management environment

Course Outline

Day 1 — The Role of Budgeting and Cost Control

• The “organizational triangle”: strategy, budgeting, and control
• Describe responsibility centers and responsibility accounting
• Exploring revenues and cost behavior
• Cost-Volume-Profit analysis – The concept of contribution margin

Day 2 — Flexible Budgets and Variance Analysis

• Describe the difference between a static budget and a flexible budget
• Develop a flexible budget
• Compute flexible-budget variances and sales-volume variances.
• Compute the price and efficiency variances for direct-cost categories.

Day 3 — From Traditional To Activity-Based Budgeting

• The key issue of controlling overhead
• Direct and indirect cost allocations
• Traditional costing and activity-based costing (ABC)
• From traditional budgeting to Activity-based budgeting (ABB)

Day 4 — Sales Variances and Capital Budgeting

• Budgeting and controlling overhead (both fix and variable)
• Budgeting revenues and sales variances
• Capital budgeting – understanding future cash flows
• Payback period, net present value, and internal rate of return

Day 5 — Beyond Budgeting

• The budgets and performance measurement as tools for communications
• Budgets and issues of motivation
• Beyond budgeting: integrating financial and non-financial issues
• The balanced scorecard: customer, internal processes, and learning perspective

Accreditation

Al-Khobraa certified. On completion delegates receive an Al-Khobraa certificate of achievement.

Dates & Venues

Dates	Venue	Delivery	Duration	Fee (USD)
14–18 December 2026	Kigali, Rwanda	Public	5 days	4,500
20–24 December 2026	Istanbul, Turkey	Public	5 days	4,500

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Frequently Asked Questions

What do Al-Khobraa finance and accounting courses cover?

The portfolio covers IFRS (International Financial Reporting Standards) and IPSAS, financial analysis and reporting, budgeting and forecasting, cost and management accounting, accounts payable and receivable, internal controls and audit, and finance for non-finance managers.

Who should attend a finance and accounting course?

These courses suit accountants and financial analysts, finance managers and controllers, budgeting and planning staff, internal auditors, accounts payable and receivable teams, and non-financial managers who own a budget or read financial statements.

How long are finance and accounting courses, and where are they held?

Most Al-Khobraa finance and accounting courses run over 5 days. The exact duration, dates and city for this course are listed in the dates section on this page. Public sessions run across Saudi Arabia — Riyadh, Jeddah, Al-Khobar, Jubail and Yanbu — as well as regional and international venues, with live virtual classrooms available on request.

What certificate will I receive?

Delegates who complete the course receive an Al-Khobraa certificate of completion, issued by a Saudi-registered training provider. Al-Khobraa also delivers internationally accredited programmes; where a course carries an external awarding body such as PMI, CIPS, ILM or IOSH, that body is named on the course's own page.

Can finance and accounting training be delivered in-house for our team?

Yes. Any Al-Khobraa finance and accounting course can be delivered in-house at your own premises anywhere in Saudi Arabia or the GCC, with the content, dates and language of delivery tailored to your team. Al-Khobraa is an approved HRDF (Hadaf) provider, so eligible Saudi employers can seek training support. Contact us for a quotation.

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