An Intensive 10-day Training Course
Budgeting, Planning &
Financial Reporting Masterclass
Master the Tools for Planning and
Managing Organisational Excellence
Scheduled Dates
Classroom
| 08 - 19 Dec 2025 | Dubai - UAE | $11,900 | RESERVE A SEAT |
| 29 Dec 2025 - 09 Jan 2026 | London - UK | $11,900 | RESERVE A SEAT |
| 26 Jan - 06 Feb 2026 | Dubai - UAE | $11,900 | RESERVE A SEAT |
| 11 - 22 May 2026 | London - UK | $11,900 | RESERVE A SEAT |
| 18 - 29 May 2026 | Dubai - UAE | $11,900 | RESERVE A SEAT |
| 13 - 24 Jul 2026 | Amsterdam - The Netherlands | $11,900 | RESERVE A SEAT |
| 17 - 28 Aug 2026 | London - UK | $11,900 | RESERVE A SEAT |
| 26 Oct - 06 Nov 2026 | London - UK | $11,900 | RESERVE A SEAT |
| 07 - 18 Dec 2026 | Dubai - UAE | $11,900 | RESERVE A SEAT |
| 28 Dec 2026 - 08 Jan 2027 | London - UK | $11,900 | 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 Budgeting, Planning & Financial Reporting Masterclass provides a comprehensive exploration of the critical elements necessary for achieving organizational excellence and creating sustainable business value. In today’s dynamic and competitive environment, profitable growth and enduring success are only possible when a strong business strategy is paired with an actionable business model. Equally vital is the ability to apply effective performance management tools to execute, monitor, and adapt strategies amidst constant market evolution and disruption.
This intensive training course delves into the strategic and tactical aspects of forecasting, budgeting, and financial reporting, offering participants a practical "roadmap to success." It covers essential cost analysis techniques to support strategic cost control, and it offers a detailed examination of financial reporting practices under the IFRS framework. Participants will also gain skills in developing integrated management reports and dashboards that enable better control, strategic adjustment, and enhanced decision-making.
Throughout the Budgeting, Planning & Financial Reporting Masterclass, key focus areas include:
- Strategic and budget planning principles and techniques
- Executing, controlling, and adapting corporate strategies
- Essential methodologies for cost analysis, control, and reduction
- In-depth knowledge of financial accounting and reporting standards
- Designing impactful management reports, dashboards, and presentations
MODULES
This PetroKnowledge training course is split into two modules:
MODULE I - Budgeting, Planning & Management Reporting
MODULE II - Financial Accounting & Reporting
Each module is structured and can be taken as a stand-alone training course; however, delegates will maximise their benefits by taking Module 1 and 2 back-to-back as a two-week training course.
What are the Goals?
The Budgeting, Planning & Financial Reporting Masterclass is designed to equip professionals with the latest knowledge and practical tools in financial planning, strategic execution, and reporting.
By the end of this Budgeting, Planning & Financial Reporting Masterclass, participants will be able to:
- Leverage budgets as powerful tools to drive strategic implementation
- Apply advanced techniques for cost analysis and cost management
- Prepare, interpret, and present financial reports aligned with best practices
- Integrate non-financial KPIs into comprehensive management dashboards
- Use strategic planning and reporting to support informed decision-making
Who is this Training Course for?
This Budgeting, Planning & Financial Reporting Masterclass training course is suitable to a wide range of professionals but will greatly benefit:
- Budgeting and Planning Team
- Cost Analysts
- Head Office Staff
- Financial Forecasting Team
- Those with reporting responsibility
- Investment Analysts
How will this Training Course be Presented?
This training course will be structured as a highly participative workshop with formal presentations, case studies and interactive worked examples. Relevant examples and case studies are provided to illustrate the application of each of the topics covered, and opportunities are provided to learn and apply the key principles using practical examples and exercises
Organisational Impact
Organizations whose employees participate in the Budgeting, Planning & Financial Reporting Masterclass will benefit through the development of stronger forecasting, planning, and reporting frameworks, resulting in:
- Enhanced quality of planning and resource forecasting
- Improved application of modern cost analysis and management techniques
- Generation of high-quality financial and performance management reports
- Better integration of financial and non-financial performance metrics
- Stronger strategic execution supported by data-driven decision-making
Personal Impact
Participants of the Budgeting, Planning & Financial Reporting Masterclass will gain up-to-date expertise and practical skills that will significantly enhance their professional contribution and career advancement opportunities.
Key personal benefits include:
- Mastery of advanced planning, budgeting, and forecasting techniques
- In-depth application of cost analysis and strategic cost control
- Comprehensive understanding of IFRS-based financial reporting
- Practical abilities in designing management reports and dashboards using Excel
- Enhanced skills for presenting insightful and actionable financial information
Daily Agenda
Module 1: Budgeting, Planning & Management Reporting
Day One: Planning Strategy and Corporate Governance
- What are planning strategies?
- Strategy analysis, choice & implementation
- The role of strategy maps in defining the business
- Effective and less effective management reporting practice
- The agency problem and corporate governance
- Planning requirements and the importance of working capital
Day Two: Forecasting Techniques for Budgeting
- Determine the purpose and objective of the forecast
- Statistical analytical tools
- Quantitative analysis and forecasting
- Forecasting techniques
- Agency problems in forecasting- solutions
- Causal analysis models – regression analysis
- Using Excel ® to analyze historical data
Day Three: Budgets, Costs and Budgetary Control
- Why do we budget? – the purposes of budgeting
- Planning and control
- Putting the budget together
- Cost behavior and classification
- Cost / volume /profit (CVP) and ‘what-if’ analysis
- Standard costing
- Flexed budgets
- Variance analysis and the reasons for variances
Day Four: Activity Based Costing & Activity Based Budgeting
- Activity based costing (ABC)
- Refinement of the costing system
- ABC and cost management
- The cost hierarchy and cost drivers
- Advantages and disadvantages of ABC systems
- From traditional budgeting to activity based budgeting (ABB)
- Time-based ABC for services organizations
- Motivation and the behavioral aspect of budgeting
Day Five: Performance Management and Beyond Budgeting
- Broadening performance measurement systems
- The Drive toward Shareholder Value (EVA®)
- Beyond budgeting: integrating financial and non-financial issues
- Introducing the Balanced Scorecard and the key perspective
Module 2: Financial Accounting & Reporting
Day Six: Financial Accounting and Reporting – Business Context and Key Principles
- Purpose of financial accounting and reporting
- Key principles in corporate governance
- Building a winning business model
- Key concepts in financial accounting
- Structure of financial accounting systems
- Fundamentals of financial reporting
- Creative accounting, scandals, and fraud
Day Seven: The Statement of Financial Position and Income Statement
- The IASB Conceptual Framework
- Statement of Financial Position: purpose structure and presentation
- Tangible and intangible assets
- Financial assets and liabilities
- Inventories
- Statement of Changes in Equity: purpose structure and presentation
- Income Statement: purpose structure and presentation
- Revenue recognition principles
Day Eight: The Statement of Cash Flows and Group Reporting
- Statement of Cash Flows: purpose structure and presentation
- Understanding business cash flow drivers
- Equity capital and debt capital
- Leases
- Optimizing working capital
- Cash flow forecasting techniques
- Group Accounts: purpose structure and presentation
Day Nine: Analysis and Interpretation of Financial Reports
- Fundamentals of analyzing financial reports
- The shareholder value concept
- Measuring and managing profitability
- Measuring and managing liquidity
- The effect of gearing on risk and shareholder value
- Predicting corporate distress and failure
- Forecasting financial performance and financial position
Day Ten: Designing and Presenting Effective Financial Reports
- The limitations of financial reports
- Designing effective internal business reports
- Incorporating Excel graphics in internal reports
- Developing and using business dashboards
- Making effective financial presentations
- Developments in Integrated Reporting (IR)
- Integrated Reports: purpose, structure, and presentation
Certificate
- On successful completion of this Training Course / Online Training Course, a PetroKnowledge Certificate / E-Certificate will be awarded to the delegates.
In Association With
Frequently Asked Questions
PetroKnowledge is a globally recognized provider of training courses for oil and gas professionals, offering a wide range of specialized training courses designed to enhance knowledge, skills, and expertise in the energy sector. With courses tailored to meet the evolving demands of the oil and gas industry, PetroKnowledge helps professionals stay up-to-date with industry standards, technological advancements, and best practices.
Our courses are specifically developed for professionals in the oil and gas industry, including engineers, technical staff, managers, and other specialists looking to advance their careers. Whether you’re a seasoned expert or new to the sector, our training for oil and gas professionals is suited to individuals at all stages of their professional journey.
PetroKnowledge offers flexible learning solutions with both online courses and in-person training options. Online courses for oil and gas professionals provide the flexibility to learn from anywhere, while in-person courses offer a hands-on, interactive learning environment. Each training course page provides detailed information on the delivery format, allowing you to choose the option that best meets your learning style and schedule
Yes, PetroKnowledge offers customized in-house training solutions for organizations looking to upskill their teams. We work closely with companies to design bespoke training courses for oil and gas professionals that address specific challenges and objectives. Whether you need on-site training or online solutions, we can tailor the training courses to suit your organization’s needs.
Certain advanced training courses for oil and gas professionals may require prior experience or technical knowledge. These prerequisites ensure that participants can fully benefit from the course content. We recommend reviewing the course description on the relevant page to determine if any prerequisites apply to your selected course.
Enrolling in one of our training courses for oil and gas professionals is simple and convenient. Navigate to the specific course page, click “Enroll Now,” and complete the registration form. You will receive a confirmation email with further details on how to proceed.
You may also get in touch with our Registration Team on
+971 50 981 7386 | +971 2 557 7389 or send an email to [email protected]
Upon successful registration online, enrolment on the respective training course will be confirmed by Registration Team by e-mail along with the invoice and joining instruction.
Yes, upon successful completion of our courses for professionals in the oil and gas industry, you will receive an industry-recognized certificate from PetroKnowledge. This certification is designed to validate your skills and knowledge and can significantly enhance your professional credentials, boosting your career prospects in the competitive oil and gas sector.
Pre-Course Cancellation
Our refund and cancellation policy varies depending on the course and circumstances. Generally, cancellations made at least 21 days before the training are eligible for a refund, less any administrative fees.
Refund Policy Disclaimer
All course bookings made through PetroKnowledge are non-refundable. By registering for a course, you acknowledge and accept that fees are payable in full and are not subject to refund under any circumstances, including but not limited to participant dissatisfaction, changes in personal or professional circumstances, or partial attendance.
PetroKnowledge reserves the right to make reasonable adjustments to course content, trainers, or schedules where necessary, without entitling delegates to a refund. Full details of each course – including objectives, target audience, and content – are clearly outlined prior to enrolment, and it is the responsibility of the delegate to ensure suitability before booking.
If you have any specific inquiries about the cancellation or refund, don’t hesitate to contact our support team, who can assist with your booking and cancellation queries.
For corporate fees and group registration, please send your query to [email protected].
