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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. 

Below courses are currently available on the site:

  • The Controllership Series: The Controller Function - Elevating the Role
  • The Controllership Series: The Controller Function - Strategic and Annual Planning
  • The Controllership Series: The Controller Function - Cash and Investments
  • The Controllership Series: The Controller Function - Inventory Process Part 1
  • The Controllership Series: The Controller Function - Inventory Process Part 2
  • The Controllership Series: Financial Statement Preparation and Presentation

Learning Objectives

  • 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.
Last updated/reviewed: June 9, 2021

Included In Certifications

This course is included in the following Certification Programs:

17 CoursesThe Controllership Series Certification

  1. The Controllership Series: The Controller Function - Elevating the Role
  2. The Controllership Series: The Controller Function - Strategic and Annual Planning
  3. GAAP Principles, Assumptions and Considerations
  4. The Treasury Function Part 1: Cash, Liquidity and Investments
  5. The Controllership Series: The Controller Function - Cash and Investments
  6. ASC 842 Accounting for Leases - Deep Dive
  7. Revenue Recognition (ASC Topic 606) Standard Overview
  8. The Controllership Series: The Controller Function - Inventory Part 1
  9. The Controllership Series: The Controller Function - Inventory Part 2 - Inventory Valuation, Physical Inventory Methods and Inventory fraud
  10. The Controllership Series: Overhead, Direct and Indirect Costs and Allocation Methods
  11. The Controllership Series: Financial Statement Preparation and Presentation
  12. Analyzing Financial Ratios - Leverage
  13. Analyzing Financial Ratios - Performance And Efficiency
  14. Analyzing Financial Ratios - Solvency, Liquidity and Debt
  15. The Controllership Series: The Financial Close Process
  16. The Controllership Series: Managerial Accounting Basics and Cost Principles
  17. Tools for The Controllership Series Certificate

6 Reviews (17 ratings)Reviews

4
Member's Profile
Useful breakdown of how to go about creating a strategic plan. This will be helpful when trying to get a seat at the decision-makers table.
5
Member's Profile
Thorough course on strategic planning of a company and how a controller can play a roll in making sure initiatives are followed through on.
4
Member's Profile
The first question about the length of a strategic plan has no correct answer. MS Fountain gave various answers from 10 years to 3 years.
4
Anonymous Author
This was a great course really enjoyed the presentation, materials, and coursework aligned with its continuing education series.
5
Member's Profile
another good course on roles and responsibilities of the controller function. thank you for the course.
4
Anonymous Author
Solid overview of strategic planning, from the perspective of a Controller - thanks!

Prerequisites

Education Provider Information

Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
INTRODUCTION AND OVERVIEW
  4:12Introduction to The Controller Function - Strategic and Annual Planning
  11:59Strategic Plan
  5:04Understanding Challenges and The Expanding Role of the Controller
  12:46Risk Management and Internal Control
  11:55The Controllers Role in Strategic Planning
  6:58Develop and Prioritize your Objectives
  6:04Develop a Strategic Plan
  4:38Step Four-Execute and Manage your Plan
  3:47Review and Revise Plan
  0:48Summary
CONTINUOUS PLAY
  1:08:11The Controller Function - Strategic and Annual Planning
SUPPORTING MATERIAL
  PDFSlides: The Controller Function - Strategic and Annual Planning
  PDFThe Controller Function - Strategic and Annual Planning Glossary/ Index
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM