An Intensive 5-day Training Course
Advanced Budgeting & Cost Management
The Complete Course on Budget - Estimating, Budgeting & Cost Control
Scheduled Dates
Classroom
| 29 Dec 2025 - 02 Jan 2026 | London - UK | $5,950 | RESERVE A SEAT |
| 05 - 09 Jan 2026 | London - UK | $5,950 | RESERVE A SEAT |
| 19 - 23 Jan 2026 | Istanbul - Turkey | $5,950 | RESERVE A SEAT |
| 30 Mar - 03 Apr 2026 | Milan - Italy | $5,950 | RESERVE A SEAT |
| 11 - 15 May 2026 | Abu Dhabi - UAE | $5,950 | RESERVE A SEAT |
| 01 - 05 Jun 2026 | Barcelona - Spain | $5,950 | RESERVE A SEAT |
| 20 - 24 Jul 2026 | London - UK | $5,950 | RESERVE A SEAT |
| 24 - 28 Aug 2026 | Paris - France | $5,950 | RESERVE A SEAT |
| 19 - 23 Oct 2026 | Dubai - UAE | $5,950 | RESERVE A SEAT |
| 09 - 13 Nov 2026 | Paris - France | $5,950 | RESERVE A SEAT |
| 28 Dec 2026 - 01 Jan 2027 | London - UK | $5,950 | RESERVE A SEAT |
Online
| 29 Dec 2025 - 02 Jan 2026 | Online | $3,950 | RESERVE A SEAT |
| 28 Dec 2026 - 01 Jan 2027 | Online | $3,950 | RESERVE A SEAT |
Would an alternative date be more suitable?
We offer a variety of tailored training options, customized to meet your organisation's needs. Delivered anytime, anywhere, we make it easy to bring expert training directly to your team.
Why Choose this Training Course?
The Advanced Budgeting & Cost Management training course provides essential skills in cost awareness and budgetary control—two critical areas that directly impact the achievement of strategic objectives and the evaluation of future initiatives. In an environment of heightened global competition, the ability to strategically manage resources is not just advantageous but necessary for sustained success.
Budgeting and cost analysis form the foundation of sound financial management within contemporary organizations. To maintain a competitive edge, companies must align their operational strategies with precise resource allocation and robust performance measurement systems. This training course addresses the imperative need to track, manage, and optimize costs while enhancing operational efficiency, making it particularly valuable for professionals tasked with improving organizational performance under cost constraints.
Participants in the Advanced Budgeting & Cost Management training course will:
- Understand how budgeting and cost management drive strategic execution
- Identify the critical factors influencing business processes and resource allocation
- Explore modern cost analysis frameworks to support strategic budgeting
- Strengthen financial and budgeting skills essential for informed decision-making
- Utilize financial and operational data to enhance the budgeting process
- Apply industry best practices to manage multiple performance dimensions effectively
What are the Goals?
Upon completing the Advanced Budgeting & Cost Management training course, participants will have the expertise to:
- Understand key costing and budgeting terminology used in today's business environment
- Develop and implement efficient costing and budgeting processes
- Accurately determine the full cost of delivering goods and services
- Apply both traditional methods and contemporary best practices in budgeting and cost control
- Integrate financial data and operational insights to support strategy execution
- Design and implement comprehensive performance measurement systems to track success
Who is this Training Course for?
This Advanced Budgeting & Cost Management training course is suitable for a wide range of professionals but will greatly benefit:
- The staff person who will be responsible for entering data into the budget system or training others how to enter information
- Those who want to gain control of the firm's financial standing and obtain a firm grasp on the numbers side of their job
- Financial Professional, Professional R&D, Sales / Marketing Professional, General Accounting Professional, Business Unit Professional
- Anyone who wants to refine and advance the budgeting and costing knowledge
How will this Training Course be Presented?
This Advanced Budgeting & Cost Management training course will utilize a variety of proven online learning techniques to ensure maximum understanding, comprehension, retention of the information presented. The training course is conducted Online via an Advanced Virtual Learning Platform in the comfort of any location of your choice.
Organisational Impact
Organizations will experience significant benefits through the application of the skills developed in the Advanced Budgeting & Cost Management training course, including:
- Enhanced awareness and application of cost management principles
- Improved design and implementation of effective budgeting systems
- Greater understanding of advanced performance management techniques
- Stronger linkage between cost control, budgeting practices, and strategic performance objectives
- Deeper insights into the causal relationships affecting budgeting and operational efficiency
- Broader understanding of both financial and non-financial dimensions of cost and performance management
Personal Impact
Professionals attending the Advanced Budgeting & Cost Management training course will expand their competencies and enhance their ability to contribute meaningfully to organizational success. Personal benefits include:
- Gaining expertise in budgeting methodologies best suited to their roles
- Developing the ability to construct budgets that are efficient, accurate, and strategically aligned
- Strengthening the evaluation of costing techniques to ensure profitability and operational efficiency
- Reinforcing knowledge of how budgeting supports broader strategic and performance goals
- Enhancing the ability to connect financial management with operational performance for better decision-making
Daily Agenda
Day One: 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?
- Financial & Management Accounting
- Preparing Financial Statements & Cost Evaluation
- Understand your Processes: Integrating Financial and Non-financial Aspects
- Identify and Discuss the Key issues in terms of Budget / Costing for your own Organization
Day Two: The Budgeting Framework and its Role within the Management Process
- The Role & Types of Budgets within Management Accounting
- The Budget Process
- Preparing the Master Budget & Departmental Budgets
- Preparing a Project/CAPEX Budget
- Advantages and Disadvantages of Budgets & the Budget Process: The Critical issues for Success
- Budgetary Control
Day Three: Cost Management for Budgeting Purposes
- Cost Classification, Concepts and Terminology
- Fixed vs. Variable Costs: The Cost-Volume-Profit Analysis Model
- Contribution Margin Analysis
- Estimating / Forecasting Costs
- Calculating, Evaluating & Managing the Cost of:
- Purchases
- Manufacture
- Inventory (IAS 2)
- Working Capital
- Improving Efficiency to Reduce Costs
Day Four: 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
- Introducing Activity-Based Budgeting (ABB) and Management (ABM)
Day Five: Broadening the Performance Measurement Systems
- Shortcomings of Traditional Approaches to Budgeting and Performance Measurement
- Recent Best Practices: the Balanced Scorecard and Six-sigma
- Financial Perspective and Customer Perspective
- Internal Business Process Perspective and Learning & Growth Perspective
- Developing and Adapting the Scorecard
- Elkington’s Triple Bottom Line: Profit, People & Planet
Certificate
- On successful completion of this Training Course / Online Training Course, a PetroKnowledge Certificate / E-Certificate will be awarded to the delegates.
