Name: Mastering Finance, Budgetingand Performance Measurement Training Course
Rating: 4.7 (1076 reviews)

Scheduled Dates

Classroom

13 - 24 Jul 2026

Dubai - UAE

$11,900

31 Aug - 11 Sep 2026

London - UK

$11,900

19 - 30 Oct 2026

Dubai - UAE

$11,900

23 Nov - 04 Dec 2026

London - UK

$11,900

12 - 23 Jul 2027

Dubai - UAE

$11,900

30 Aug - 10 Sep 2027

London - UK

$11,900

18 - 29 Oct 2027

Dubai - UAE

$11,900

22 Nov - 03 Dec 2027

London - UK

$11,900

Why Choose this Training Course?

This PetroKnowledge Mastering Finance, Budgeting and Performance Measurement training course provides an understanding of the essential fundamentals of corporate finance, strategy, financial management, budgeting and costing. Contemporary practical examples are presented together with the theoretical principles to make the theory come to life. The overriding objective of this Mastering Finance, Budgeting and Performance Measurement training course is to present a number of integrated and powerful principles and best practices to help develop analytical skills and the decision-making capacity of the participants.

This Mastering Finance, Budgeting and Performance Measurement training course will enable you to:

Appreciate the importance of using the appropriate financial strategy to create shareholder value above market expectations
Consider how corporate behavior impacts on achievement of corporate objectives, and the importance of corporate governance
Understand financial strategy relating to stages of corporate development and capital structure
Use and evaluate the various techniques of capital investment appraisal
Effectively manage cash and working capital to reduce costs and improve cash flow
Master the finance and accounting jargon to understand business processes
Cost analysis for budgeting purposes and decision-making
Financial and operational measures to support the budgeting process
Best practices to manage organizational performance
Link strategy to costing and performance evaluation

This training course is split into two modules:

Module I - Financial Strategy
Module II - Business Financial, Budgeting & Accounting Skills

Each module is structured and can be taken as a stand-alone training course; however, delegates will maximise their benefits by taking Modules I, and II back-to-back as a 2-week training course.

What are the Goals?

At the end of this Mastering Finance, Budgeting and Performance Measurement training course, delegates will be able to:

Use and evaluate the various techniques of capital investment appraisal
Develop appropriate financial strategies
Relate financial strategy to business strategy
Effectively manage cash and working capital to reduce costs and improve cash flow
Master traditional techniques and recent best practices
Link finance and operation for budgeting purposes and strategy execution
Understand and manage an efficient costing system
Learn how to build a comprehensive performance measurement system

Who is this Training Course for?

Finance Executive and Financial Professionals involved in the development and delivery of financial strategy
Junior Executives and Financial Professionals seeking career advancement and development
Senior and Experienced Professionals and Finance Professionals seeking either CPD or a valuable and stimulating “refresher”

How will this Training Course be Presented?

A mixture of exercises and real life case studies, examples and videos make this a lively and interesting Finance & Budgeting training course. There is a strong emphasis on practical application of the ideas within the delegates’ organization. Delegates are encouraged to complete a learning and action plan to focus them on and help them to apply their new knowledge and skills.

Organisational Impact

Implement appropriate measures that can add value to the organization
Appreciate the importance of selecting the appropriate financial strategy to maximize shareholder value
Consider risk and its impact on company financing
Evaluate the cost of equity and the cost of debt capital
Look at capital structure and financial strategy in terms of the life cycle of the business, and the Weighted Average Cost of Capital (WACC)
Consider the appropriate financial strategies for use in mergers, acquisitions, restructuring and reorganizations, and appropriate takeover bid defenses
Develop a better cost management system
Design a comprehensive performance measurement system
Link strategy, budgeting and costing

Personal Impact

Participants will be able to further develop their personal management skills by being able to:

Make more informed and improved management decisions
Consider why corporate objectives may not always be achieved and what may be done to eliminate dysfunctional corporate behavior and align corporate goals
Understand how to measure their own contribution to the creation of value for the shareholders of the business
Appreciate why some financial strategies are more effective than others with regard to value creation
Use the financial tools available for effective management of working capital
Provide knowledge that can be shared amongst other departments of the company
Master cost analysis
Link costing with budgeting and performance measurement
Understand the multiple dimension of performance through the balanced scorecard

Daily Agenda

Module I: Financial Strategy

Day 1: Business and Financial Strategy – The Vital Link

The Purpose and Goals of the Firm
The Aims and Principles of Competitive Strategy
The Role of Financial Strategy in Business Success
Tools for Strategic Analysis and Strategy Development
Building a Winning Business Model
Implementing an Effective Performance Management System
Financial Planning: Budgeting and Beyond

Day 2: Financial Performance Management

Understanding, Analyzing and Interpreting Financial Statements
Agency Theory and its Impact on the Business’s Goals
Investor and Stock Market Behavior: Share Price Drivers
Key Concepts in Measuring Shareholder Value
Understanding Cost Behavior and Profit
Measuring and Improving Return on Investment
A Strategic Approach to Cost Reduction
Managing and Enhancing Shareholder Value

Day 3: Funding Strategy and Liquidity Management

Sources of Business Finance: Equity and Debt
Financial Gearing – Risk and Impact on Profitability
Calculating Company Cost of Capital and its Implications
Optimum Capital Structure: Theory and Practice
Cash Flow and Liquidity Management
Designing and Building Financial Models in Excel
Financial Model Application: Cash Flow Forecasting
Predicting Corporate Distress and Failure

Day 4: Capital Investment Strategy and Risk Management Strategy

Capital Investment Management
Using the Discounted Cash Flow (DCF) Tools in Excel
Tools for Capital Investment Appraisal and Decision-making
Financial Model Application: Capital Investment Appraisal Analysis
An Integrated Approach to Risk Management
Tools for Identifying and Analyzing Business Risk
Using Financial Instruments to Manage Financial Risk
Decision-making under Conditions of Risk

Day 5: Corporate Governance: Defending and Growing the Business

Purpose and Principles of Corporate Governance
Long-term Business Growth Strategies
Why even great companies can fail?
Understanding Business Model Disruption
Innovation Killers
Mergers and Acquisitions
Business Restructuring and Reorganization

Module II: Business Financial, Budgeting & Accounting Skills

Day 6: Management and Financial Accounting: Key Concepts and Terminologies

Identify the Major Differences and Similarities between Financial and Managerial Accounting
Understand the Role of Management Accountants in an Organization
Linking Strategy to Planning and Costing
The Key Role of Budgeting and Cost Control in Contemporary Organizations
Towards a Cross-Functional Process-View of the Organization
Understand Your Processes: Integrating Financial and Non-financial Aspects
Understanding The Financial Statements

Day 7: Cost Analysis

What is Costing?
Cost Concepts and Terminology
Different Costs for Different Purposes
Fixed vs. Variable Costs: The Cost-Volume-Profit Analysis Model
Contribution Margin Analysis
Manufacturing vs. Non-manufacturing Costs
Period vs. Product costs: Inventory Evaluation and Control

Day 8: 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 Hierarchy & Cost Drivers
Linking Resources, Activities and Management
Introducing Activity-Based Budgeting and Management

Day 9: Budgeting: Flexible Budgets and Variance Analysis

The Role of Budgeting
Define the Master Budget and Explain Its Major Benefits to An Organization
Describe the Difference between a Static Budget and a Flexible Budget
Compute Flexible-budget Variances and Sales-volume Variances
Discuss The Behavioral Implication of Budgeting
The Budgeting Process in Your Organization: How to improve it?
Which tools shall we use to complement Budgeting and Costing?

Day 10: Measuring Corporate Performance: The Balanced Scorecards and Six-Sigma

Broadening Performance Measurement Systems
The Key Role of Customer Satisfaction and Business Process Re-engineering
Beyond Budgeting: Integrating Financial and Non-financial Issues
Introducing The Balanced Scorecard
The Key Perspectives
Introducing The Strategy Maps
Introducing Six-Sigma

Certificate

On successful completion of this Training Course / Online Training Course, a PetroKnowledge Certificate / E-Certificate will be awarded to the delegates.

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Related Categories

Finance & Accounting

CERTIFICATES

An Interactive 10-Day Training Course

Mastering Finance, Budgetingand Performance Measurement

Financial Strategy & Accounting Skills