Effective planning and control entail developing skills that transcend any single discipline. This program addresses key issues pertinent to administrators and secretaries, such as cost analysis, budgeting, management control, and performance evaluation. By doing so, the program aims to deepen participants' understanding of the relationship between business strategy, operational objectives, and performance measurement.

This program aims to equip administrators and secretaries with the necessary skills and knowledge to effectively manage costs, budgets, and organizational performance in their roles.

• Understand fundamental finance and accounting terminology.
• Familiarize with costing and budgeting terminology relevant to administrative roles.
• Determine costs associated with organizational outputs.
• Learn traditional and contemporary cost management techniques.
• Link financial management with operational aspects for budgeting and strategy execution.
• Develop proficiency in constructing and utilizing performance measurement systems.

The seminar will employ workshop principles, incorporating formal lectures, case studies, and interactive examples. Practical exercises and relevant case studies will illustrate the application of each tool in administrative contexts. Complex mathematical concepts will be simplified and visually presented for easy comprehension.

1. Enhanced awareness of cost and budgeting processes.
2. Increased likelihood of selecting suitable budgetary systems.
3. Expanded knowledge of performance management techniques.
4. Improved ability to link cost and budgeting with strategy and performance.
5. Deeper understanding of the cause-and-effect relationship in budgeting.
6. Heightened awareness of non-financial implications of budgeting decisions.

• Gain understanding of relevant costing and budgeting methods.
• Acquire skills in constructing efficient budgets.
• Evaluate the effectiveness of costing techniques in ensuring profitability.
• Strengthen knowledge by linking budgeting with strategy and performance.
• Broaden understanding by integrating financial and operational considerations.

DAY 1

• Management and Financial Accounting: Key Concepts and Terminology
• Understanding Financial Statements
• Linking Strategy to Planning and Costing
• The Role of Budgeting in Organizations

DAY 2

• Cost Analysis: Concepts and Terminology
• Fixed Vs. Variable Costs
• Contribution Margin Analysis
• Case Study: Cost Analysis in Administrative Settings

DAY 3

• Traditional vs. Advanced Techniques in Cost Control
• Activity-Based Costing for Administrators
• Cost Allocation Systems
• Case Study: Implementing Activity-Based Budgeting in Administrative Functions

DAY 4

• Budgeting Essentials
• Flexible Budgets and Variance Analysis
• Behavioral Implications of Budgeting
• Improving Budgeting Processes for Administrators

DAY 5

• Measuring Corporate Performance
• Introduction to Balanced Scorecards for Administrators
• Strategy Maps
• Six-Sigma for Administrative Efficiency