An Intensive 10-day Training Course

Budgeting, Planning & Financial Reporting Masterclass

Master the Tools for Planning and
Managing Organisational Excellence

Course Introduction

This Oxford Management Centre 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


This course is split in two modules:

Module 1: Budgeting, Planning & Management Reporting
Module 2: 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 2-week training course.


This Oxford Management Centre 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

Training Methodology

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

Who Should Attend?

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

Course Outline

Module 1: Budgeting, Planning & Management Reporting

Day 1 

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 2 

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 analyse historical data

Day 3

Budgets, Costs and Budgetary Control 

  • Why do we budget? – the purposes of budgeting
  • Planning and control
  • Putting the budget together
  • Cost behaviour and classification
  • Cost / volume /profit (CVP) and ‘what-if’ analysis
  • Standard costing
  • Flexed budgets
  • Variance analysis and the reasons for variances

Day 4

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 organisations
  • Motivation and the behavioural aspect of budgeting

Day 5

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 6

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 7

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 8

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
  • Optimising working capital
  • Cash flow forecasting techniques
  • Group Accounts: Purpose Structure and Presentation

Day 9

Analysis and Interpretation of Financial Reports

  • Fundamentals of analysing 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 10

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


Oxford Management Centre Certificate will be provided to delegates who successfully completed the training course.

In association with

GLOMACS Training & Consultancy

GLOMACS Training & Consultancy

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The Energy Training Centre

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10 Days
Choose the date and location that suits you:
Classroom Sessions
29 Jan-09 Feb 2024
Fee: $11,900
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06-17 May 2024
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13-24 May 2024
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08-19 Jul 2024
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12-23 Aug 2024
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21 Oct-01 Nov 2024
Fee: $11,900
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02-13 Dec 2024
Fee: $11,900
Book your place



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