The Controller Function - Strategic and Annual Planning

This course corresponds to our Controllership series.

Within this course, we specifically address the Controllers role and pro-active potentials in organization Strategic and Annual Planning. This series of courses is dedicated to exploring the traditional controller role and stepping out of the box to identify areas where the Controller can add strategic value to their organizations. Controllers are essential to the day-to-day accounting for organizations. Yet, the role is not often readily understood. In today’s world of acronyms such as CFO, CEO, COO, CAO, etc. the Controller function may get lost in the shuffle. However, they are a critical group of professionals who ensure the adequacy and transparency of accounting and financial reporting information. When it comes to the task of strategic planning, many feel this role is primarily the responsibility of the executive team and board. However, in this course, we delve into the various steps of the strategic plan and explore where the Controller can add strategic value through providing functional input and insight.

Strategic planning is a process used to identify goals, the strategies necessary to accomplish those goals, and the internal performance management system that will be used to monitor and evaluate progress.

 

Basic Course Information

• Defining strategic planning
• The controller’s challenges in the strategic planning process
• Risk Management and internal controls
• The controller role in strategic planning
  • Step One - Determine your strategic position
  • Step Two - Establishing prioritize objectives
  • Step Three - Set the strategic plan
  • Step Four - Execute and manage the plan
  • Step Five - Review and revise the plan

• Accounting
• Finance
• Auditing