course | Certificate in Budgeting and Cost Management
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FNBN-2538 | Certificate in Budgeting and Cost Management
Course Sector : Finance, Accounting and Banking
| Duration | Date from | Date to | Course Venue | Course fees | Book a course |
|---|---|---|---|---|---|
| 5 Days | 2025-09-15 | 2025-09-19 | Dubai | $4,250 | Book now |
| 5 Days | 2025-12-22 | 2025-12-26 | Abu Dhabi | $4,250 | Book now |
Course Introduction
Budgeting and cost management are critical competencies for professionals across all sectors—not only for those working in finance. In today’s dynamic and cost-sensitive business environment, managers and decision-makers must be equipped with the tools and knowledge to plan effectively, manage financial resources wisely, and drive value from every dollar spent.
This five-day comprehensive course is designed to provide participants with a solid foundation in financial planning, budgeting processes, and cost control techniques. Through a structured learning journey, the course explores the full budgeting cycle—from aligning budgets with strategic goals, to building operational and capital budgets, to monitoring performance and making real-time financial decisions. The content combines theoretical principles with practical application using case studies, budgeting tools, and scenario-based exercises.
Participants will explore the key differences between fixed and variable costs, understand cost allocation and cost behaviour, and learn how to construct, manage, and review budgets within their own work context. In addition, the course delves into performance measurement, variance analysis, and forecasting techniques to help professionals respond to financial deviations and reforecast with agility.
Course objective
- Understand the strategic role of budgeting and its integration with business planning
- Develop comprehensive operating and capital budgets using proven methods
- Apply key principles and tools of cost management and cost control
- Analyse variances and assess budget performance using financial metrics
- Use budgeting techniques to support decision-making, forecasting, and resource allocation
- Improve cost-efficiency and contribute to long-term financial sustainability
Course Outline | DAY 01
The Strategic Role of Budgeting
- Understanding financial planning within the organizational context
- Linking strategic goals to financial objectives
- Types of budgets: operating, capital, cash flow, flexible
- Key financial principles for non-finance managers
- The budgeting cycle: phases and stakeholders
Course Outline | Day 02
Preparing Operating and Capital Budgets
- Gathering and analyzing historical financial data
- Estimating revenues and forecasting sales
- Budgeting for expenses: fixed vs. variable costs
- Capital budgeting basics: evaluating investment proposals
- Budget templates and departmental submissions
Course Outline | Day 03
Cost Management and Control Techniques
- Understanding direct, indirect, and overhead costs
- Activity-Based Costing (ABC) and cost drivers
- Cost allocation models and responsibility centers
- Setting cost targets and using cost benchmarks
- Practical cost reduction strategies
Course Outline | Day 04
Monitoring, Variance Analysis, and Forecasting
- Tracking budget performance and identifying variances
- Root cause analysis and corrective actions
- Rolling forecasts and adaptive budgeting
- Integrating financial and non-financial KPIs
- Dashboards and budget reporting tools
Course Outline | Day 05
Budgeting for Decision-Making and Continuous Improvement
- Using budgets to support business cases and investment decisions
- Linking budgets with performance management
- Stakeholder communication and presentation of budgets
- Building a culture of accountability and financial awareness
BOOST’s Professional Attendance Certificate “BPAC”
BPAC is always given to the delegates after completing the training course,and depends on their attendance of the program at a rate of no less than 80%,besides their active participation and engagement during the program sessions.
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