Finance & Accounting · 5 Days · Public · Al-Khobraa certified · From USD 3,900
Overview
The effective management of budgeting and cost control is crucial for contemporary organizations. Nowadays, if companies want to stay competitive, they are urged to think in terms of process-value added to customers/shareholders. Along this line, budgeting, as well as tracking, controlling & reducing cost represent essential activities to be performed and monitored by organizations as they implement their key processes, activities, and operations.
Learning Objectives
Successfully build an integrated planning, budgeting and reporting process
Understand costs behavior more accurately
Deliver more timely and useful information to decision-makers
Understand capital budgeting
Identify & manage key financial indicators for the business
Be able to use specific cost analysis and performance measurement techniques
Be able to understand and implement the Balanced Scorecards
Be able to interpret the financial impact of strategic directions
Understand the problems of overheads allocation and how Activity-Based Analysis may aid decision-making and pricing strategies
Select the performance measurement systems that work
Think proactively beyond budgeting
Who Should Attend
This course is designed for the staff person, financial professionals, r&d professionals, and other professionals seeking to strengthen their capability in this area.
The staff person
Financial professionals
R&D professionals
Sales/marketing professionals
General accounting professionals
Business unit professionals
Course Outline
Day 1 — Budgeting & Cost Control in the Management System: Link with Strategic Planning Budgeting and cost control needs to be mastered in the wider
Understand the organizational mission, vision, and strategies
Link strategy awareness with planning skills
Translate the strategic understanding in action
Budgeting and the management system of contemporary organizations
Day 2 — Budgeting: Principles and Key Concepts Budgeting enables the strategy to be executed by connectives goals, objectives, initiatives, and reso
Understand budgeting as a tool for delegation
Consider the behavioral implication of budgeting
Reflect on the meaning of accountability
Understanding the context for budgeting
Day 3 — Cost Analysis for Budgetary Purposes Budgeting is about understanding how resources are consumed and delegated. An understanding of costs is
Understand where expenses come from
Explore the relationship between objects and available resources
Focus on controllable costs
Cost concepts and terminology
Day 4 — Traditional vs. Advanced Techniques in Cost-Control Cost allocation is important to identify the full amount of resources required to manufa
Understand the organizational structure and its processes
Focus on the activity cost driver
Link activity costing to the management of activity
Under-costing and over-costing: understand allocation methods
Day 5 — New Integrated Performance Measurement Systems The full understanding of organizational performance requires the integration of financial an
Understand organizational performance beyond the financials
Focus on the value creation drivers
Integrate and connect the data
Beyond budgeting: integrating financial and pre-financial information
Accreditation
Al-Khobraa certified. On completion delegates receive an Al-Khobraa certificate of achievement.
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.