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30 - AAU - Accounting and Financial Auditing

AAU 113 - Strategic Planning, Management Control and Effective Budgeting

Code Start Date Duration Venue Fees
AAU 113 12 July 2021 5 Days Istanbul $ 3950 Registration Form Link
AAU 113 09 August 2021 5 Days Istanbul $ 3950 Registration Form Link
AAU 113 06 September 2021 5 Days Istanbul $ 3950 Registration Form Link
AAU 113 04 October 2021 5 Days Istanbul $ 3950 Registration Form Link
AAU 113 27 December 2021 5 Days Istanbul $ 3950 Registration Form Link


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