Most operational risk doesn't announce itself — it shows up quietly in a budget variance, a cash squeeze, or a capital project that never delivers the return it promised. This course from the Arab British Fellowship Training Academy gives participants a practical way to catch those signals early, using operating, cash, and investment budgets as tools for spotting and managing risk rather than just tracking spend.

Participants build a working command of financial reporting under current international standards, learn to read financial statements through horizontal, vertical, and ratio analysis, and then apply that reading to real budgeting decisions — from forecasting revenue and expenses to managing liquidity and evaluating long-term investment projects. The result is a toolkit for handling real financial constraints, not just theory.

Who should attend?

• Finance managers, their deputies, and heads of finance departments.
• Internal and external auditors.
• Financial analysts and consultants.
• Managers and officials responsible for financial decisions.

Knowledge and Benefits:

By the end of the course, participants will be able to:

• Read and report on financial operations under current international standards.
• Build and use operating and cash budgets to manage short-term operational risk.
• Apply capital budgeting tools to manage long-term operational risk.
• Handle real-world financial constraints and apply operational risk management in practice.

• Spotting Operational Risk Before It Spreads

  • What operational risk looks like and how organizations classify it.
  • How a general state budget compares with company budgeting approaches.
  • The logic organizations use to build budgets, and how budget type relates to risk exposure.

• Reading Financial Operations the Modern Way

  • Reporting financial position, comprehensive income, and cash flows under current standards (IFRS 7, IAS 1).
  • Horizontal and vertical analysis, financial ratios, and benchmarking.
  • Using forecasting techniques to flag risk and operating obstacles early.

• Managing Short-Term Risk with Operating and Cash Budgets

  • Building a revenue budget and forecasting revenue.
  • Preparing the operating budget and forecasting expenses.
  • Assessing liquidity, building the cash budget, and using it to manage short-term financial distress and risk.

• Managing Long-Term Risk through Capital Budgeting

  • The components of an investment budget and how it is built.
  • Financing sources for capital projects.
  • Evaluation models for investment projects, and using the investment budget to assess long-term operational risk.