Integrated Budgeting and Managerial Accounting Training

Integrated Budgeting and Managerial Accounting Training

Location

Duration

Online / In-class

5 days

AOM 1014

Contact with our Team

Sector:

Cross-Industry – Corporate Finance

Technical Focus Area:

Budgeting & Cost Control (BUD)

About the Course

Effective budgeting is the backbone of sound financial management. This course provides an in-depth understanding of how to set, monitor, and control budgets within a strategic framework. Participants will explore the integration of budgeting with corporate planning, costing, and performance systems, learning modern techniques such as Activity-Based Analysis and Balanced Scorecards. Through real-world case studies and interactive exercises, participants will gain the expertise to align budgets with business strategy, ensure cost accuracy, and improve decision-making across financial and operational functions.

Objectives

By the end of this program, participants will be able to:
- Link financial and operational strategies to budgeting and control processes.
- Develop and implement effective budgeting frameworks.
- Apply costing methods for accurate profit and performance measurement.
- Conduct variance analysis using flexible and static budgets.
- Use Activity-Based Costing (ABC) for overhead allocation and pricing.
- Integrate non-financial metrics into budgeting and performance systems.
- Construct comprehensive performance measurement frameworks.
- Align budgeting practices with corporate strategic goals.
- Evaluate the impact of strategic decisions on financial outcomes.

Who Should Attend

- General and Financial Managers
- Project and Asset Management Professionals
- Estimating and Cost Control Specialists
- Business Analysts and Budgeting Officers
- Department Heads seeking to enhance financial management capabilities

Course Program

Strategic and Financial Planning

- Financial vs. managerial accounting in business strategy

- Linking planning, budgeting, costing, and performance measurement

- Importance of strategic planning in financial success

- Defining mission, vision, goals, and measurable objectives

- Internal and external analysis: SWOT and PESTEL frameworks

- Identifying value creation drivers in organizations

- Understanding strategic alignment between finance and operations

- Case exercise: strategic planning and financial linkages

Framework for Budgeting

- Understanding what a budget is and its purpose

- The budgeting framework and its organizational role

- Types of budgets: fixed, flexible, zero-based, and activity-based

- The budgeting process and human factors influencing success

- Forecasting sales and creating budget schedules

- Top-down vs. bottom-up budgeting approaches

- Incremental budgeting vs. zero-based budgeting comparison

- Practical workshop: designing a budget framework for your organization

Cost Analysis for Budgeting

- Defining costs: direct, indirect, fixed, and variable

- Cost behavior and breakeven analysis using the equation method

- Understanding contribution margin and its role in decision-making

- Product vs. period costs: managing overhead allocations

- Traditional costing vs. Activity-Based Costing (ABC)

- Identifying cost drivers and their effect on pricing strategies

- Linking costing methods to profitability management

- Case study: applying ABC to a real-world budgeting scenario

Controlling Budgets and Variance Analysis

- Assessing budget organization across departments and projects

- Conducting budget variance analysis effectively

- Static vs. flexible budgets: understanding key differences

- Computing and interpreting flexible-budget and sales-volume variances

- Role of standard costs in performance evaluation

- Integrating continuous improvement into variance analysis

- Using budget reports to drive accountability and action

- Practical exercise: preparing a variance report using Excel

Beyond Budgeting and Performance Measurement Systems

- Advantages and disadvantages of traditional budgeting

- Moving “Beyond Budgeting” for greater agility and adaptability

- Balanced Scorecard framework: linking strategy to budgeting

- Perspectives: financial, customer, internal processes, learning, and growth

- Developing and applying performance measurement systems

- Integrating non-financial metrics into strategic budgets

- Adapting performance frameworks for organizational goals

- Capstone project: designing a strategic budgeting and performance plan

Course Dates & Prices

Location	Starting Date	Price
Online	19/10/2025	1799 $
Dubai (UAE)	20/10/2025	2549 $
Dubai (UAE)	20/10/2025	2799$
Cairo (Egypt)	27/10/2025	2549 $
Online	27/10/2025	1799 $
Online	03/11/2025	1799 $
Dubai (UAE)	10/11/2025	2799 $
Muscat (Oman)	10/11/2025	2799 $
Dubai (UAE)	17/11/2025	2799 $
Online	17/11/2025	1799 $
Muscat (Oman)	24/11/2025	2799 $
Online	24/11/2025	1799 $
Online	24/11/2025	1799 $
Dubai (UAE)	01/12/2025	2799 $
Online	01/12/2025	1799 $
Online	01/12/2025	1799 $
London (UK)	01/12/2025	3299 $
Dubai (UAE)	08/12/2025	2799$
Online	08/12/2025	1699 $
Istanbul (Turkey)	15/12/2025	2799 $
Dubai (UAE)	15/12/2025	2799 $
Online	15/12/2025	1799 $
Kuala Lumpur (Malaysia)	22/12/2025	3899$
Doha (Qatar)	22/12/2025	2799 $
Kuala Lumpur (Malaysia)	22/12/2025	3899$
Online	29/12/2025	1799 $
Dubai (UAE)	29/12/2025	2799$
Istanbul	29/12/2025	2549 $
Online	29/12/2025	1799 $