(Click Category to List Courses)
4 - AAU - Accounting and Financial Auditing
AAU 111 - Advanced Management Skills and Effective Budgeting for Aided Projects
| Code | Start Date | Duration | Venue | |
|---|---|---|---|---|
| AAU 111 | 16 October 2023 | 5 Days | Istanbul | Registration Form Link |
| AAU 111 | 11 December 2023 | 5 Days | Istanbul | Registration Form Link |
Please contact us for fees
Course Description
Planning and budgeting are must-have skills for all professionals regardless of their function or managerial level. This course covers the concept of budgeting as a planning tool, a financial device and a control mechanism. In addition, it provides the necessary application tools required to making long-term and short-term planning decisions. It is designed to ensure that managers are able to reach this goal by providing a thorough overview of the key concepts and methodologies involved in cost management and budgeting.
Course Objectives
- Identifying various techniques for effective measurement of project metrics and KPIs
- Applying the core principles of finance, accounting and budgets
- Using unit cost measurements in performance-based budgeting
- Maintaining strategic cost control
- Writing budget justifications according to best practice guidelines
Who Should Attend?
- Senior managers
- Financial Professionals
- General Accounting Professionals
- Project Managers
Course Details/Schedule
Day 1
- Advanced project management skills
- Project management plan
- Measures of variance
- Monitoring and controlling processes
- Project Key Performance Indicators (KPIs)
Day 2
- Balanced scorecard (BSC)
- Mapping strategy to measures
- Strategy mapped to BSC
- Creating a dashboard using BSC
- Seeking business excellence – EFQM
Day 3
- Cost, Expense and Budget Relationship
- Types of Budgets
- The budgeting process
- The key features of budgeting
- Advantages and concerns with budgeting
Day 4
- Building a Master Budget
- Flexible Budgets
- Budgetary Control and Variance Analysis
- Role of Finance in cost control: Key Performance Indicators
- Balanced Scorecards: Strategic-Based Control
Day 5
- Preparing Rolling Forecasts
- Role of forecasts and the link to strategy
- Comparing and contrasting budgets and forecasts
- Identifying key business drivers
- The rolling forecast process
- Forecasting methods
