An intensive professional development training course on
Mastering Accounting, Budgeting & Performance Measurement
Why Choose Mastering Accounting, Budgeting & Performance Measurement Training Course?
The Structure
This comprehensive training course consists of two modules which can be booked as a 10-Day Training event, or as individual, 5-Day training courses.
Module 1 - Financial Bootcamp for Non-Financial Professionals
Module 2 - The Essentials of Budgeting & Cost Control
The Course Content
Module 1: Financial Bootcamp for Non-Financial Professionals
- The development of business organizations
- The role of Finance and the Finance Function
- Sources and types of finance for business organizations
Teamwork exercise: preparing a business plan to present to potential investors
- The development of business organizations
- The role of Finance and the Finance Function
- Sources and types of finance for business organizations
Teamwork exercise: preparing a business plan to present to potential investors
- The structure of the financial accounting system
- The Income Statement and Statement of Financial Position
- The development of business organizations
- The role of Finance and the Finance Function
- Sources and types of finance for business organizations
Teamwork exercise: preparing a business plan to present to potential investors
- The structure of the financial accounting system
- The Income Statement and Statement of Financial Position
Teamwork exercise: Financial accounting and reporting case study
- The purpose and format of the Annual Financial Report (AFR), prepared according to IFRS.
- The financial and non-financial elements of the AFR
Teamwork exercise: Assessing the effectiveness of the AFR as a means of communicating with our key stakeholders
- The purpose and format of the Annual Financial Report (AFR), prepared according to IFRS.
- The financial and non-financial elements of the AFR
Teamwork exercise: Assessing the effectiveness of the AFR as a means of communicating with our key stakeholders
- The difference between cash flow and profit
- The purpose and format of the Annual Financial Report (AFR), prepared according to IFRS.
- The financial and non-financial elements of the AFR
Teamwork exercise: Assessing the effectiveness of the AFR as a means of communicating with our key stakeholders
- The difference between cash flow and profit
Teamwork exercise: Preparing and presenting a Cash Flow Statement
- The purpose and format of the Annual Financial Report (AFR), prepared according to IFRS.
- The financial and non-financial elements of the AFR
Teamwork exercise: Assessing the effectiveness of the AFR as a means of communicating with our key stakeholders
- The difference between cash flow and profit
Teamwork exercise: Preparing and presenting a Cash Flow Statement
- How to analyse and interpret the AFR
- The purpose and format of the Annual Financial Report (AFR), prepared according to IFRS.
- The financial and non-financial elements of the AFR
Teamwork exercise: Assessing the effectiveness of the AFR as a means of communicating with our key stakeholders
- The difference between cash flow and profit
Teamwork exercise: Preparing and presenting a Cash Flow Statement
- How to analyse and interpret the AFR
Teamwork exercise and presentation: Assessing a company’s performance and position by analyzing their AFR
- Understanding the difference between management accounting and financial accounting
- Calculating the cost of our products and the problem of overheads (indirect costs)
- Overhead apportionment – absorption costing versus Activity Based Costing
Teamwork exercise: Preparing cost estimates for a contract bid
- Understanding the difference between management accounting and financial accounting
- Calculating the cost of our products and the problem of overheads (indirect costs)
- Overhead apportionment – absorption costing versus Activity Based Costing
Teamwork exercise: Preparing cost estimates for a contract bid
- Cost-Volume-Profit and break-even analysis
- Budgeting – objectives and process
- Understanding the difference between management accounting and financial accounting
- Calculating the cost of our products and the problem of overheads (indirect costs)
- Overhead apportionment – absorption costing versus Activity Based Costing
Teamwork exercise: Preparing cost estimates for a contract bid
- Cost-Volume-Profit and break-even analysis
- Budgeting – objectives and process
Teamwork exercise: preparing next year’s budgets for a manufacturing business
- Understanding the difference between management accounting and financial accounting
- Calculating the cost of our products and the problem of overheads (indirect costs)
- Overhead apportionment – absorption costing versus Activity Based Costing
Teamwork exercise: Preparing cost estimates for a contract bid
- Cost-Volume-Profit and break-even analysis
- Budgeting – objectives and process
Teamwork exercise: preparing next year’s budgets for a manufacturing business
- Analysing the differences between budget and actual, using Variance Analysis
- The time value of money – future values and present values, perpetuities and growth
Group discussion: Identifying new investment opportunities for your business:
- The time value of money – future values and present values, perpetuities and growth
Group discussion: Identifying new investment opportunities for your business:
Teamwork exercise: Basic appraisal methods – Accounting Rate of Return and Payback
- The time value of money – future values and present values, perpetuities and growth
Group discussion: Identifying new investment opportunities for your business:
Teamwork exercise: Basic appraisal methods – Accounting Rate of Return and Payback
- The cost of capital - Equity and Debt
- The time value of money – future values and present values, perpetuities and growth
Group discussion: Identifying new investment opportunities for your business:
Teamwork exercise: Basic appraisal methods – Accounting Rate of Return and Payback
- The cost of capital - Equity and Debt
Teamwork exercise: Calculating the Weighted Average Cost of Capital (WACC)
- The time value of money – future values and present values, perpetuities and growth
Group discussion: Identifying new investment opportunities for your business:
Teamwork exercise: Basic appraisal methods – Accounting Rate of Return and Payback
- The cost of capital - Equity and Debt
Teamwork exercise: Calculating the Weighted Average Cost of Capital (WACC)
Teamwork exercise: Advanced appraisal methods – Net Present Value (NPV) and Internal Rate of Return (IRR):
- The time value of money – future values and present values, perpetuities and growth
Group discussion: Identifying new investment opportunities for your business:
Teamwork exercise: Basic appraisal methods – Accounting Rate of Return and Payback
- The cost of capital - Equity and Debt
Teamwork exercise: Calculating the Weighted Average Cost of Capital (WACC)
Teamwork exercise: Advanced appraisal methods – Net Present Value (NPV) and Internal Rate of Return (IRR):
- Dealing with capital rationing using the Profitability Index method
- Dealing with forecasting uncertainty using Sensitivity Analysis
- The time value of money – future values and present values, perpetuities and growth
Group discussion: Identifying new investment opportunities for your business:
Teamwork exercise: Basic appraisal methods – Accounting Rate of Return and Payback
- The cost of capital - Equity and Debt
Teamwork exercise: Calculating the Weighted Average Cost of Capital (WACC)
Teamwork exercise: Advanced appraisal methods – Net Present Value (NPV) and Internal Rate of Return (IRR):
- Dealing with capital rationing using the Profitability Index method
- Dealing with forecasting uncertainty using Sensitivity Analysis
Teamwork exercise: Comprehensive investment appraisal mini-case
- Interest rate risk
Group discussion: The role of Treasury
- Interest rate risk
Group discussion: The role of Treasury
- Managing interest rate risk using options and swaps
- Interest rate risk
Group discussion: The role of Treasury
- Managing interest rate risk using options and swaps
Teamwork exercise: Devising an effective interest rate swap
- Interest rate risk
Group discussion: The role of Treasury
- Managing interest rate risk using options and swaps
Teamwork exercise: Devising an effective interest rate swap
- Foreign currency risk
- Managing foreign currency risk using natural techniques
- Managing foreign currency risk using transactional techniques
- Interest rate risk
Group discussion: The role of Treasury
- Managing interest rate risk using options and swaps
Teamwork exercise: Devising an effective interest rate swap
- Foreign currency risk
- Managing foreign currency risk using natural techniques
- Managing foreign currency risk using transactional techniques
Teamwork exercise: Hedging the risks of a foreign currency transaction
Module 2: The Essentials of Budgeting & Cost Control
- The complexity of managing contemporary organizations
- Strategic planning, budgeting and management control systems
- The key elements of budgeting: objectives, initiatives and resources
- Understanding the context for budgeting & the role of the controller
- What are the advantages and the disadvantages of budgeting
- What is it the situation in your organization? How to improve it?
- What are the essential inputs of the budgeting process?
- What is zero-based budgeting?
- Costing for budgeting: key terms and concepts
- Variable vs. Fixed costs
- The important role of contribution margin
- Cases, problems and examples
- Complementing traditional costing with activity-based costing
- Direct vs. indirect cost
- Cost allocation: traditional costing and activity-based costing (ABC)
- From traditional budgeting to Activity-based budgeting (ABB)
- The importance of costs analysis
- Cases, problems and exercises
- Capitalized vs. period costs
- Capital budgeting
- Payback period
- Net-present value
- Internal rate of return
- What is it the situation in your organization?
- What are the limits of budgeting and financial reporting?
- What are the drivers of the business model?
- What are the trades-off in place?
- Beyond budgeting: integrating financial and non-financial issues
- The balanced scorecard and KPIs
- Case, problems and examples
Certificate and Accreditation
How Aztech Saudi Can Enhance Your Professional Career
At Aztech Saudi, we believe that professional development is the foundation of long-term career success. This training course is expertly designed to equip individuals with practical skills, forward-thinking strategies, and the confidence to navigate today’s dynamic work environments. Each course is delivered by subject matter specialists with extensive industry experience, ensuring that every learning experience is relevant, impactful, and aligned with real-world challenges. Whether you're looking to strengthen your technical expertise, enhance leadership abilities, or stay ahead of industry trends, Aztech Saudi provides the tools you need to elevate your performance and deliver measurable value to your organization.
Our training is more than just knowledge transfer—it’s a catalyst for career transformation. By participating in our courses, professionals gain a competitive advantage in their fields, improve their decision-making capabilities, and position themselves for new opportunities and leadership roles. We take pride in supporting individuals across various sectors and career stages, helping them unlock their full potential through high-quality, globally benchmarked learning experiences. With Aztech Saudi as your development partner, you’re not only investing in education—you're investing in a stronger, more successful future.
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Frequently Asked Questions
AZTech Saudi offers a wide range of internationally benchmarked training courses across various disciplines including leadership, finance, engineering, project management, HR, and more. All courses are designed to meet the professional development needs of individuals and organizations in Saudi Arabia.
Our training courses are conducted in major cities across the Kingdom, including Riyadh, Jeddah, Dammam, and Al Khobar. We partner with top-tier venues to provide an optimal learning environment that combines comfort, convenience, and professionalism.
Yes, AZTech Saudi collaborates with globally recognized professional bodies to offer accredited training courses. Participants receive certificates that reflect international standards and support their career growth and industry credibility.
Absolutely. We work closely with Saudi-based organizations to develop tailored in-house training solutions that address specific business needs, departmental goals, and workforce development strategies—delivered onsite or at a preferred location
You can easily register through our website (aztech.sa) by selecting your preferred course and completing the online registration form. Our support team is also available to assist you with registration, invoicing, and any additional information you may require.
