STRATEGIC PLANNING, MANAGEMENT CONTROL AND EFFECTIVE BUDGETING

Content

Strategy, Risks, Negotiation and Leadership

• Strategy and Planning
• Risk Management
• Negotiation and Roles
• Innovative Leadership Skills

The Budgeting Process and Controls

• The Key Features of Budgeting
• Advantages and Concerns with Budgeting
• Accountability and Centers of Responsibility
• Zero-Based Budgeting
• Budgeting and Cost Control

Cost Analysis

• Different Costs for different Purposes
• Fixed vs Variable Costs
• The Cost-Volume-Profit Analysis Model
• Contribution Margin Analysis

Traditional vs Advanced Techniques in Cost Control

• Under-Costing and Over-Costing
• Indirect vs Direct Costs
• Traditional Cost Allocations Systems vs Activity Based Costing (ABC)
• Linking Resources, Activities and Management
• Variance Analysis

Beyond the Budgets: Balanced Scorecards and Six Sigma

• Performance Measurement Systems
• Integrating Financial and Non-Financial Issues
• Balanced Scorecard
• Strategy Maps
• Six-Sigma

FOR WHOM: Budget Managers, Heads of Departments, Supervisors, Managers, Human Resources Managers, Accountants, Auditors, Financial Planning and Control Staff, Management Accountants

DATE:                      8th – 10th January, 2025

                                   2nd – 4th July, 2025