The Essentials of Budgeting & Cost Control

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

Overview

The Budgeting & Cost Control Essentials Training Course provides professionals with the core financial understanding required to plan effectively, manage resources, and support organisational performance. In today’s rapidly changing business environment, organisations depend on strong planning and control systems to anticipate financial needs, respond to operational challenges, and ensure sustainable growth.

Learning Objectives

• Develop an integrated planning, budgeting, and reporting process
• Actively participate in the budgeting process within the organisation
• Analyse cost behaviour and manage costs more effectively
• Master traditional and innovative approaches to budgeting and cost control
• Select effective performance measurement systems and KPIs

Who Should Attend

This course is designed for financial planners and controllers, financial managers and analysts, departmental and divisional managers, and other professionals seeking to strengthen their capability in this area.

• Financial planners and controllers
• Financial managers and analysts
• Departmental and divisional managers
• HR managers
• Project managers

Course Outline

Day 1 — Management Control

• Budget target-setting, participation and control
• Strategic planning, budgeting and management control systems
• Key elements of planning: setting objectives, and responsibility accounting
• The role of financial control, and management accounting concepts

Day 2 — Budgeting and Cost Control

• The essential stages of the budgeting process
• Types of budgets, incremental and zero-based budgeting
• Budget preparation: operating budgets and cash budgets
• Variable costs and fixed costs

Day 3 — Traditional, and Activity Based Costing & Budgeting

• Costs and activities
• Direct costs and indirect costs, product costs and period costs
• Cost allocation and absorption costing
• Product cost cross-subsidisation, and activity-based costing (ABC)

Day 4 — Capital Budgeting

• Capital investment costs and operating costs
• Accounting rate of return (ARR) and payback
• Discounted cash flow (DCF), and net present value (NPV)
• Cost of equity, cost of debt, and the weighted average cost of capital (WACC)

Day 5 — Linking Financial and Non-Financial KPIs

• Planning for world class performance
• Drivers of corporate and shareholder value, and financial strategy
• The changing cost base and alternative approaches to costing
• The conflicts between accounting and business performance measurement

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

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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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