(Click Category to List Courses)
4 - AAU - Accounting and Financial Auditing
AAU 125 - Budgeting, Planning and Management Reporting
| Code | Start Date | Duration | Venue | |
|---|---|---|---|---|
| AAU 125 | 07 October 2024 | 5 Days | Istanbul | Registration Form Link |
| AAU 125 | 11 November 2024 | 5 Days | Istanbul | Registration Form Link |
| AAU 125 | 16 December 2024 | 5 Days | Istanbul | Registration Form Link |
| AAU 125 | 10 February 2025 | 5 Days | Istanbul | Registration Form Link |
| AAU 125 | 07 April 2025 | 5 Days | Istanbul | Registration Form Link |
| AAU 125 | 23 June 2025 | 5 Days | Istanbul | Registration Form Link |
| AAU 125 | 28 July 2025 | 5 Days | Istanbul | Registration Form Link |
| AAU 125 | 22 September 2025 | 5 Days | Istanbul | Registration Form Link |
| AAU 125 | 17 November 2025 | 5 Days | Istanbul | Registration Form Link |
| AAU 125 | 22 December 2025 | 5 Days | Istanbul | Registration Form Link |
Please contact us for fees
Course Description
Budgeting lies at the heart of business management, yet businesses often encounter financial difficulties as a result of either inadequate planning or errors within the compilation of the budgets. This programme takes a practical approach to financial planning for the organisation and considers the planning process and how to improve it, the compilation of budgets – who needs to be involved and why, and how to identify potential problems arising and suggests actions which can be taken. It also covers ways of improving financial control using effective management reporting.
Course Objectives
- Implementing advanced planning and control techniques into your budgeting process
- Integrating the budgeting process with the development of the company’s long-term strategic vision
- Successfully building an integrated planning, budgeting and reporting process
- Applying management tools to the budgeting process that contribute to strategic goals
- Identifying key performance indicators for effective and focused decision making
- Increasing profitability and performance through stream lined planning and reporting
Who Should Attend?
- HR Staff
- Supervisors
- Managers
- Those who need to improve their knowledge of budgeting, planning and management reporting
Course Details/Schedule
Day 1
- Planning for success
- What are planning strategies?
- Strategy analysis, choice & implementation
- Introducing the strategy maps
- Corporate value and shareholder value
- The agency problem and corporate governance
- Planning requirements and working capital
Day 2
- The forecasting process
- Determine the purpose and objective of the forecast
- Statistical analytical tools
- Quantitative analysis and forecasting
- Forecasting techniques
- Causal analysis models – regression analysis
- Using Excel ® to analyse historical data
Day 3
- Budgets, costs and budgetary control
- Why do we need budget?
- 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 (ABC) And Activity Based Budgeting (ABB)
- Refinement of the costing system
- ABC and cost management
- Design of ABC systems
- The cost hierarchy and cost drivers
- Advantages and disadvantages of ABC systems
- From traditional budgeting to activity based budgeting (ABB)
- The ABB process
- Motivation and the behavioural aspect of budgeting
Day 5
- Measuring corporate performance
- Requirements of a successful performance measurement system
- Broadening performance measurement systems
- Economic Value Added (EVA)
- Beyond budgeting: integrating financial and non-financial issues
- Introducing the Balanced Scorecard and the key perspective
