An Intensive 10-day Training Course
Budgeting, Planning &
Financial Reporting Masterclass
Master the Tools for Planning and
Managing Organisational Excellence
Scheduled Dates
Classroom
| 27 Jan - 07 Feb 2025 | Dubai - UAE | $11,900 | RESERVE A SEAT |
| 12 - 23 May 2025 | London - UK | $11,900 | RESERVE A SEAT |
| 19 - 30 May 2025 | Dubai - UAE | $11,900 | RESERVE A SEAT |
| 14 - 25 Jul 2025 | Amsterdam - The Netherlands | $11,900 | RESERVE A SEAT |
| 18 - 29 Aug 2025 | London - UK | $11,900 | RESERVE A SEAT |
| 27 Oct - 07 Nov 2025 | London - UK | $11,900 | RESERVE A SEAT |
| 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 |
Are the scheduled dates matching with your needs?
We provide a wider range of training options. Tailored and customized, we can deliver your organisation’s training needs anytime, anywhere.
Why Choose this Training Course?
This PetroKnowledge Budgeting, Planning & Financial Reporting Masterclass training course is focused on some of the most important elements key to attaining organizational excellence and creating real business value. Most companies recognize that the profitable growth that drives business value can only be consistently achieved and sustained when a competitive advantage can be employed in a compelling business strategy that can be put into action through a functional business model. But in the challenging and dynamic world of the 21st century it is also critically important to be able to use the right tools within an effective performance management framework in order to execute, control and adapt this strategy in response to the ever present threat of business model evolution and disruption.
This Budgeting, Planning & Financial Reporting Masterclass training course deals comprehensively with all of the important aspects of the strategic and tactical forecasting and planning processes that can provide an organizational “roadmap to success’; it identifies the most relevant cost analysis techniques to support cost management and strategic cost reduction; the training course also provides an in depth view of financial reporting under the IFRS framework and its application in providing powerful integrated management reports that can support the control and adaption of organizational strategy.
This Budgeting, Planning & Financial Reporting Masterclass training course will highlight:
- Principles and techniques off strategic and budget planning
- Planning, executing, controlling and adapting strategy
- Essentials of cost analysis, control and reduction
- Comprehensive guide to financial reporting
- Designing 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?
This PetroKnowledge training course has been designed to provide you with up to date knowledge and practical skills in strategic and tactical planning, and financial reporting.
At the end of this Budgeting, Planning & Financial Reporting Masterclass training course, you will have learned to:
- Use budgets to manage strategic execution
- Employ up-to-date techniques in cost analysis and control
- Prepare and present effective financial reports
- Combine non-financial KPIs in management dashboards
- Apply planning and reporting to improve decision-making
Who is this Training Course for?
This training course would be relevant to all of those involved in the preparation, presentation, and interpretation of corporate budgets and financial reports from both the private and public sector; both in commercial businesses, government, and not-for-profit organizations.
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
The organization will benefit from the development and practical application of advanced skills in forecasting, planning and reporting, within a framework to facilitate the execution, control and adaption of business strategy; specific benefits for the organization will include:
- Improved planning and forecasting resources
- Access to up-to-date cost analysis and control techniques
- High quality management reports and dashboards
- Effective integration of key financial and non-financial metrics
- Improved organizational decision-making
Personal Impact
Delegates will benefit from updated knowledge and practical skills in planning, forecasting and reporting that will allow them to make a greater contribution to the development and improvement of corporate management whilst at the same time enhancing their own career development potential.
Specific benefits from this Budgeting, Planning & Financial Reporting Masterclass training course will include:
- Improved planning, budgeting and forecasting skills
- Application of advanced cost analysis and control methods
- Comprehensive update on IFRS reporting
- Usable skills in designing reports and dashboards in Excel
- Tips on designing and presenting effective reports
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
Why PetroKnowledge?
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.
Who are these training courses designed for?
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.
Are the courses delivered online or in person?
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
Can I get a customized training course for my team?
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.
Are there any prerequisites for attending a course?
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.
How can I enroll in a 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]
When should I expect to receive confirmation of registration?
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.
Will I receive a certificate after completing the course?
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.
When and how do I arrange payments?
We offer two convenient payment options:
- Bank Transfer – You can make payment via bank transfer. Once your registration is confirmed, you will receive an invoice with the banking details for the transfer. We would require you to supply a swift copy for us to confirm receipt of funds.
- Payment Link – Alternatively, we provide a secure payment link that you can use to complete your payment after your registration has been confirmed.
What is the refund or cancellation policy?
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. 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.
Is there a discount for more than one registrant/course?
For corporate fees and group registration, please send your query to [email protected].
