- Cost accounting and job costing - Learn about cost accounting, direct/indirect cost analysis and job costing, activity-based costing and activity-based management.
- Project accounting - Earned value management - Understanding project accounting (cost accounting, earned value, performance measurement)
- Operational flows and processes -
- Project management - Project management (tasks, PERT, GANTT, critical path)
- Cost and performance control - Know how to calculate variances, perform fixed/variable analysis and calculate breakeven points - Know and know how to use cost and performance control levers
- Project/program portfolio - Financial management of a project/program portfolio (PMO)
Mastering a complex environment
Target audience
- Consolidators
- Controllers
- R&D and Innovation managers
- Finance, consolidation and accounting managers
1 day
R&D Management Control training
Prerequisites
No prior knowledge is required.
Objectives
◗ Apply management control tools adapted to the company's R&D process
◗ Becoming a management controller "protector" of innovation
◗ Build a budget and a medium-term plan, from income statement to cash flow from R&D projects
◗ Integrate accounting and financial issues (presentation of accounts, principles of the Research Tax Credit - CIR)
◗ Strengthen partnership with R&D/Innovation departments around a value management model
Contents
◗ Understanding the challenges of R&D management
- Specificities of the R&D environment and value chain: uncertainty, innovation,
development, long cycles
- Positioning and role of the R&D controller: evolving within a complex
matrix organization
- Monitoring scope: projects, portfolio, development center
✔ UNDERSTANDING | Illustration: mapping the missions of the R&D CdG in
in a matrix organization
✔ EVALUATE | Quiz: in your opinion... How should you deal with a project team that's behind schedule?
project team?
◗ Asset valuation and accounting aspects
- Key success factors and key indicators
- Tracking time and calculating hourly rates: gathering requirements, allocating resources
- Valuation of R&D expenditure, OPEX, CAPEX: IAS38, IFRS15 standards
- Sales accounting and CIR
✔ APPLY | Case study: calculating hourly rates for an R&D center.
✔ ASSESS | Quiz: what do you think... Which expenses can be capitalized under IAS38?
◗ Integrating financial analysis into the project life cycle
- Business plan and financial indicators: IRR, NPV, payback
- Sensitivity analysis, scenarios, internal and external constraints
- Special approach to uncertain environments
✔ APPLY | Case study: assessing the profitability of an innovation project based on
projected cash flows
✔ EVALUATE | Quiz: in your opinion... What are the factors of uncertainty that influence
a project's level of criticality?
◗ Managing economic and technical-financial performance
- Budget review: budget, reforecast, cut-off
- Analysis of variances by type: volume, rate, mix, purchasing
- Specific indicators: Earned Value Management, Performance planning SPI,
CPI cost performance
✔ APPLY | Case study: calculate SPI and CPI indices from a simulated project case study
✔ EXPERIMENTALIZE | Case study: analyze the deviations of an R&D project behind
on its critical path
✔ EVALUATE | Quiz: in your opinion... What are the acceleration levers available to us in R&D?
... And how much do they cost? Do we make trade-offs?
Why choose this course?
R&D and innovation capacity are essential to the continuity of an organization. They help maintain and develop growth, and adapt in a complex environment.
This training course will enable you to make the link between the role of the management controller as Business Partner and the new dimension of R&D and Innovation activities as creators of value. For each of the topics covered, you will learn how to situate the expected contribution of management control to R&D, and identify the appropriate management tools.
Teaching and assessment methods
Before: self-assessment quiz
During the session : alternating theoretical developments and illustrations drawn from real-life situations. Practical case studies and interactive quizzes ensure knowledge acquisition throughout the course.
Afterwards: the trainer is available to answer any questions relating to the training.
General training | FinHarmony Conseil & Formation
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Price
1,295€ EXCL. TAX
Testimonials
R&D Management Control training
R&D Management Control training
R&D Management Control training
Jonathan C.
Company
Training