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4 - AAU - Accounting and Financial Auditing

AAU 113 - Strategic Planning, Management Control and Effective Budgeting

Code Start Date Duration Venue
AAU 113 12 August 2024 5 Days Istanbul Registration Form Link
AAU 113 16 September 2024 5 Days Istanbul Registration Form Link
AAU 113 21 October 2024 5 Days Istanbul Registration Form Link
AAU 113 25 November 2024 5 Days Istanbul Registration Form Link
AAU 113 30 December 2024 5 Days Istanbul Registration Form Link
Please contact us for fees


Course Description

Developing Strategies, Risk Analysis, Negotiating, Budgeting and Cost Control are the essential skills for those who are dedicated to maximizing their performance and value-added contribution - and that of the people who work for them. As the business environment becomes ever more uncertain and turbulent, the requirement for professional leadership and management throughout organizations is at a premium. Hence, these skills learned in this course provide a structured and coherent framework for addressing the challenges which professionals face in respect of both their day-to-day and longer-term responsibilities.

Course Objectives

  • Develop an appreciation & understanding of each of the elements of the course.
  • Understand how skills interact creating a systemic approach to mastering the essential tasks of any leader.
  • Develop the skills and applications needed to master and integrate each individual element
  • Utilize the elements in achieving individual, team and high organizational results
  • Identify priorities for continued professional development

Who Should Attend?

  • Senior managers
  • Financial Professionals
  • General Accounting Professionals
  • Project Managers

Course Details/Schedule

Day 1

  • Introduction to strategy - background, historical developments, major theories
  • Strategic Management – a practical approach for every leader
  • The relationships between vision, mission and strategy
  • Identifying the risks in a given strategy
  • Prioritizing risks
  • Risk mitigation strategies
  • Negotiation skills and tactics 

Day 2

  • Innovative Leadership skills
  • Maximizing the performance of each team member
  • Motivating the 'average' employee
  • Leadership and The Challenge of Change
  • Developing a personal action plan for further self-development
  • Intrapersonal vs. interpersonal leadership styles and communication skills

Day 3

  • Introduction: Building a Common Financial Language
  • The key role of budgeting and cost control in contemporary organizations
  • Financial vs. Managerial accounting (for decision making)
  • Understand your processes: integrating financial and non-financial aspects
  • The budgeting process

Day 4

  • The key features of budgeting
  • Zero-based budgeting
  • Budgeting and cost control
  • Fixed vs. Variable costs
  • The Cost-Volume-Profit analysis model
  • Contribution Margin analysis

Day 5

  • Under-costing and over-costing: the consequences for profitability
  • Indirect (OH) vs. Direct costs:
  • Traditional Cost Allocations systems vs. Activity-Based Costing (ABC)
  • Variance analysis
  • Beyond the Budgets: Balanced scorecards and Six-sigma