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4 - AAU - Accounting and Financial Auditing

AAU 111 - Advanced Management Skills and Effective Budgeting for Aided Projects

Code Start Date Duration Venue
AAU 111 01 July 2024 5 Days Istanbul Registration Form Link
AAU 111 05 August 2024 5 Days Istanbul Registration Form Link
AAU 111 09 September 2024 5 Days Istanbul Registration Form Link
AAU 111 14 October 2024 5 Days Istanbul Registration Form Link
AAU 111 18 November 2024 5 Days Istanbul Registration Form Link
AAU 111 23 December 2024 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