(Click Category to List Courses)
4 - AAU - Accounting and Financial Auditing
AAU 180 - Strategic Management and Strategic Cost Management in 21st Century
| Code | Start Date | Duration | Venue | |
|---|---|---|---|---|
| AAU 180 | 07 October 2024 | 5 Days | Istanbul | Registration Form Link |
| AAU 180 | 11 November 2024 | 5 Days | Istanbul | Registration Form Link |
| AAU 180 | 16 December 2024 | 5 Days | Istanbul | Registration Form Link |
| AAU 180 | 17 February 2025 | 5 Days | Istanbul | Registration Form Link |
| AAU 180 | 14 April 2025 | 5 Days | Istanbul | Registration Form Link |
| AAU 180 | 23 June 2025 | 5 Days | Istanbul | Registration Form Link |
| AAU 180 | 04 August 2025 | 5 Days | Istanbul | Registration Form Link |
| AAU 180 | 29 September 2025 | 5 Days | Istanbul | Registration Form Link |
| AAU 180 | 24 November 2025 | 5 Days | Istanbul | Registration Form Link |
| AAU 180 | 22 December 2025 | 5 Days | Istanbul | Registration Form Link |
Please contact us for fees
Course Description
Strategic cost management is the best way to improve the sustainable management models in the manufacturing companies. Strategic cost management has solved many of the problems and shortcomings of traditional accounting system and by accurate determination of costs, their proper allocation to products and elimination of waste, tries to create value for shareholders by using continuous improvement.
Course Objectives
- Understand the nature of strategic competitiveness
- Develop the ability to analyze the competitive environment facing a firm
- sources of competitive advantage and disadvantage
- Assess the likely sustainability of firm strategies and competitive positions
- Identify the conventions and doctrines of managerial and cost accounting
- Identify major contemporary issues that have emerged in managerial accounting
- Discussthe design and implementation of cost management models in modern firms
Who Should Attend?
- Directors
- Executive Level Managers
- HR Executives
- Mid Level Managers
- Project Managers
- Senior Managers
Course Details/Schedule
Day 1
- Definition of a company’s business / broad or narrow mission statement
- Why we need to approach strategically in organisational management?
- Managerial value of objectives
- Short-Term & Long-term objectives
- SMART methodology, as a successful tool for objective setting
Day 2
- Corporate strategy definition
- Tasks of corporate strategy
- Definition of business strategy
- What business strategy involves
- Functional strategies & Operating strategies
- Characteristic of strategy-making
Day 3
- How to craft a strategy
- Strategic vs. Financial objectives
- Budgets, policies, best practices, support, systems and rewards
- Managerial value of a strategic vision & mission (example of a strategic vision)
- What is strategic decision making?
Day 4
- Techniques for preparing budgets and forecasts
- Strategically linking budgets to management action
- Introduction to cost management and budgeting
- Best practice for cost estimating, cost budgeting, and cost control
- Fundamentals of costing
- Cost management plans
- Organizational cost budgeting dependencies
- Introduction to cost analysis
- Cost analysis and estimation
- Transfer pricing
- Static and flexible budgets
Day 5
- Effects and Applications of AI in Business
- What is AI and chatGPT
- How companies are using ChatGPT?
- How can ChatGPT be used to create your strategy, budget planning, cost management?
- Real world case study
