Cost Management and Budgeting Techniques

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

Overview

Budgeting and Cost Control is fundamental to contemporary organizations. This training course will help you master the most widely used internal tools for planning and monitoring activities and sustaining performance over time. The Budgets are inextricably linked with both strategy formulation and execution.

Learning Objectives

• Master the Essential Component of Costing and Budgeting
• Understand Fixed and Variable Costs, Direct and Indirect, OPEX and CAPEX
• Link innovative approaches to Cost Savings
• Improve Capital Budgeting
• Measure and Manage the Performances that Matters

Who Should Attend

This training course is suitable for a wide range of professionals, but will greatly benefit: 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 is Responsible for 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 — Introduction: The Relevance of Budgeting and Cost Management within Strategy Execution

• The link between strategy, planning, budgeting, and cost management
• Why budgeting and costing are so important to manage your company
• Towards a cross-functional process-view of the organization
• Financial vs. Managerial accounting (where you get information for decision making)

Day 2 — The Budgeting Framework and its Role within the Management Process

• The role of budgeting within management accounting
• The value of budgeting in your company
• Behavioral implications of budgeting
• Key concepts and terminology

Day 3 — Cost Management for Budgeting Purposes

• Cost concepts and terminology
• Different costs for different purposes
• Fixed vs. Variable costs: the Cost-Volume-Profit analysis model
• Contribution Margin analysis

Day 4 — Case Study Day - 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

Day 5 — Broadening the Performance Measurement Systems

• Shortcomings of traditional approaches to budgeting and performance measurement
• Need for linking financial to operational issues
• Recent best practices: the Balanced Scorecard and Six-sigma
• Financial perspective, Customer perspective

Accreditation

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

Dates & Venues

Dates	Venue	Delivery	Duration	Fee (USD)
29 November – 3 December 2026	Riyadh, KSA	Public	5 days	3,900
7–11 December 2026	Abuja, Nigeria	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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