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: March 27, 2024

Included In Certifications

This course is included in the following Certification Programs:

20 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. The Controllership Series: The Controllers Role in Financial Forecasting
  4. The Controllership Series: Future Role of the Controller – Part 1
  5. The Controllership Series: Future Role of the Controller – Part 2
  6. The Controllership Series: The Controller Function - Cash and Investments
  7. ASC 842 Accounting for Leases - Deep Dive
  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. The Controllership Series: The Controllers Role in the Procurement Function
  13. The Controllership Series: The Role of The Controller in ESG
  14. The Controllership Series: The Controllers Role in Pro Forma Financials
  15. The Controllership Series: The Controllers Role in Data Analytics and Big Data
  16. The Controllership Series: Introduction to the Financial Close Process
  17. The Controllership Series: Managerial Accounting Basics and Cost Principles
  18. The Controllership Series: Sales, Collections and Customer Credit
  19. The Controllership Series: Addressing Cash Flow and Forecasting Uncertainty
  20. Tools for The Controllership Series Certificate
52 Reviews (322 ratings)

Reviews

4
Anonymous Author
Helpful course with great overview of the strategic planning process and how a controller can become more involved and add value. Technology and a strong team are instrumental in supporting the controller to this end. Since the controller may not have capacity to take on all of the suggestions, particularly if resources are limited, it would be great to get a view on what would be most impactful to tackle first.

4
Anonymous Author
Interesting ideas and I liked the discussion about ways the role of controller is changing in todays environment. It would have been helpful to see more depth in the examples, although that would make the course longer than its current scope, so admittedly there is a tradeoff.

4
Anonymous Author
The topic was timely. I thought that the content should have been a little more straight forward. I thought the instructor was good and knowledgable, however it was harder to follow than other courses.

4
Anonymous Author
Good overview of strategic and annual planning for Controllers. Organizations vary, but this gave a very insightful view on how Controllers can get more involved and what areas to focus and add value.

5
Anonymous Author
I appreciated the explanations of the steps in strategic planning and how the controller can add value in each of the steps. The examples are a good way to show real world role of the controller

5
Anonymous Author
I enjoy Ms. Fountain's approach to her classes because she uses real examples and not just hypothetical scenarios. Which allows for better understanding of the material at hand.

4
Anonymous Author
The course provides an overview of the five steps taken to add more value. It would be better to provide sources where the controllers can go to look for guidance or examples.

5
Anonymous Author
Great overview of the critical steps that must be taken in order to build a strategic plan within the organization. Very helpful for things to consider as I step into the role.

5
Member's Profile
I enjoyed learning about the role of the controller in Devising, Implementing and Reviewing the Strategic Plan. Made me think about what I could be doing in my current role.

5
Anonymous Author
Great way to explain the Strategic and Annual planning roles for the Controllers. Need to follow these guidelines and establish more strategies in the Financial Department.

5
Anonymous Author
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5
Member's Profile
Solid framework for assisting controller's in providing good decision support information to top management to be used in strategic plans and monitoring/reporting.

5
Anonymous Author
This course provided good framework for how Controllers can best contribute to the strategic planning process and monitor results during the year.

5
Anonymous Author
One thing I did not love was that during the quiz, there were too many answers that were just "all of the above." This made it almost too obvious.

5
Anonymous Author
I found this content to be highly interesting and relevant to a successful fulfillment of the controller role within an organization. Thanks

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
Anonymous Author
Good examples as to how a controller elevates his or her role by being involved in the different steps of the strategic planning process.

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.

5
Anonymous Author
Very thought provoking. As someone working at a young company, this was very insightful to think through the strategic planning process.

5
Anonymous Author
The instructor is very clear with examples reflecting the recent world event. The structure is easy to understand with great examples.

4
Anonymous Author
This was a great course really enjoyed the presentation, materials, and coursework aligned with its continuing education series.

5
Anonymous Author
This was a great course that provides valuable skills the Controllers should keep in mind to enhance their role and contribution.

5
Anonymous Author
High level overview of the role of the controller in the strategic planning process - slides were clear and easy to follow.

4
Anonymous Author
The course provided adequate education in the areas expected and fulfilled the objectives of learning in the subject area.

5
Anonymous Author
Definitely very helpful on ideas to improve the business and breaking down ways controllers can support the process

4
Anonymous Author
A good overview of the steps involved with a strategic plan. I will likely refer to the materials in the future.

5
Anonymous Author
Great course presenting the importance of the Controller role within the strategic planning process of a Company.

3
Anonymous Author
This is pretty good content. Overall, it's not overly actionable but still a good theoretical view of the topic.

5
Anonymous Author
Good overview of how the Controller can assist in developing and manage the strategic plan of the organization.

5
Member's Profile
another good course on roles and responsibilities of the controller function. thank you for the course.

5
Anonymous Author
Good overview of the challenges to effective strategic planning and the role played by the Controller.

5
Anonymous Author
The instructor was very clear and concise. The format and structure of the course was easy to follow.

5
Anonymous Author
Strategic planning is treated various type of considrtions per steps. This is special tips for me.

5
Member's Profile
We have done it again thanks to you Lynn and a great course. learned tons. Thank you, Larry

4
Member's Profile
The Controllership Series: The Controller Function - Strategic and Annual Planning - good stuff.

5
Anonymous Author
It is very important to understand the concept to effectively upgrade the role of a controller.

5
Member's Profile
I'm a controller and this course is very relevant to the trends I am encountering today.

5
Member's Profile
Lynn's Controllership Series course on Strategic and Annual Planning was well organized

4
Anonymous Author
Solid overview of strategic planning, from the perspective of a Controller - thanks!

5
Anonymous Author
I really like this course because it expanded my knowledge of Strategic Planning.

5
Member's Profile
Good as an overview. Some useful information, but seems somewhat too general.

5
Anonymous Author
Lynn does a great job of using real-world examples to illustrate the concepts

4
Anonymous Author
Really good high level summary of a controller's role in strategic planning.

5
Member's Profile
Good overview of process and provides detail about each step in the process

5
Anonymous Author
Great course, clear and concise, would recommend others to take this course

5
Anonymous Author
Useful course ! Wish there were more practical examples or case studies.

3
Anonymous Author
The final exam questions didn't seem to match exactly what was taught.

4
Member's Profile
Good overview of strategic and annual planning for Controllers.

5
Anonymous Author
Excellent presentation in a way that makes it understandable

5
Member's Profile
Always enjoy Lynn's courses. Very clearly presented.

5
Member's Profile
good me gusto a lot, i want to be the best controller

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 Questions and Answers1 Question
Member's Profile
Instructor for this course
Course Syllabus
INTRODUCTION AND OVERVIEW
  Introduction to The Controller Function - Strategic and Annual Planning4:12
  Strategic Plan11:59
  Understanding Challenges and The Expanding Role of the Controller5:04
  Risk Management and Internal Control12:46
  The Controllers Role in Strategic Planning11:55
  Develop and Prioritize your Objectives6:58
  Develop a Strategic Plan6:04
  Step Four-Execute and Manage your Plan4:38
  Review and Revise Plan3:47
  Summary0:48
CONTINUOUS PLAY
  The Controller Function - Strategic and Annual Planning1:08:11
SUPPORTING MATERIAL
  Slides: The Controller Function - Strategic and Annual PlanningPDF
  The Controller Function - Strategic and Annual Planning Glossary/ IndexPDF
REVIEW AND TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam