- Internal control - Know and implement internal control policies and the associated control system. Know how to carry out an internal control operation. Fundamental processes and concepts of internal control (COSO, segregation of duties, delegation, etc.).
- Data analytics, statistics, data analysis - Fundamental knowledge of statistics, data analysis (including correlation, regression and segmentation) and forecasting methods - Growth (decay), index calculations
- Operational flows and processes -
- 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
- Forecasting methods - Construction of the forecast, forecast (reforecast or actual), budget, PMT and managing the forecasting cycle.
- Spreadsheets for finance (Excel ) - Mastery of spreadsheets for finance
Understanding and implementing
Target audience
- Finance, consolidation and accounting managers
2 day
New training
Lean Finance Training
Prerequisites
No prior knowledge is required.
Objectives
◗ Analyze Lean concepts and objectives
◗ A financial implementation methodology
◗ Understanding change management in terms of management control's roles and contributions
Training program
◗ Integrating Lean principles into finance functions
- The 7 wastes (Muda), Muri, Mura applied to finance
- Added value vs. non-added value: Lean reading of processes
- Specificities of support functions in a continuous improvement approach
✔ UNDERSTANDING | Illustration: VA/NVA diagram on a closing process
✔ APPLY | Case study: identifying waste in a budgeting or invoicing process
✔ EVALUATE | Quiz: in your opinion... What proportion of added value in our tasks?
◗ Lean tools to improve performance
- SIPOC, VSM, "5 Whys", Ishikawa diagrams
- Standards, visual management, quick wins
- Performance rituals (Obeya, flash meetings, SQCDPI)
✔ APPLY | Case study: building a SIPOC map on a perimeter
✔ EXPERIMENTATE | Workshop: building an Ishikawa diagram to explain a margin drift
✔ EVALUATE | Quiz: in your opinion... How do you formalize a sustainable improvement?
◗ Leading a DMAIC improvement process
- The 5 steps : Define - Measure - Analyze - Improve - Control
- Application to a real process (closing, ordering, reporting, etc.)
- Deployment of standards, monitoring of gains, team involvement
✔ APPLY | Case study: applying the DMAIC approach to an underperforming process (steps D to C)
✔ EXPERIMENTATE | Case study: group presentation of the Lean solution chosen for an activity identified as wasteful
✔ EVALUATE | Debriefing: feedback on measured effects and sustainability of change
◗ Deploying a sustainable Lean culture in finance
- Lean as a mindset: internal customer, proactivity, continuous improvement
- Posture and skills of the Lean manager
- Team alignment, progress management
✔ UNDERSTANDING | Illustration: the 6 axes of the Lean manager
✔ EXPERIMENTATE | Workshop: defining a Lean Finance roadmap on a perimeter
✔ EVALUATE | Quiz: in your opinion... What attitudes promote sustainable progress?
Why choose this course?
Continuous improvement initiatives, once confined to industrial or supply chain operational functions, are now being extended to so-called " back office " functions. The Finance function is fully involved in these initiatives, which aim to align its processes with customer requirements, ensure responsiveness and adaptability to demands, and develop a "service" culture.
In addition to its methodological input, this training course will give you a different perspective on your activities, enabling you to identify areas for improvement in your processes and organization. You will also discover how to place continuous improvement at the heart of the Finance function, and identify genuine levers for improving its operational performance.
Teaching and assessment methods
Before: self-assessment quiz
During the session: alternating theoretical developments, illustrations and case studies. Participants are encouraged to transpose the course to their own situations, so as to share their experiences. Numerous exchanges and interactive quizzes during the session ensure that knowledge is acquired.
Afterwards: the trainer is available to answer any questions relating to the training.
Price
1,860 EXCLUDING VAT
Testimonials
Lean Finance Training
Lean Finance Training
Lean Finance Training
Jonathan C.
Company
Training