Fundamentals of Management Accounting Training

Prerequisites

No prior knowledge required

Objectives

◗ Use basic management control tools.

◗ Develop a budget and a medium-term plan, covering everything from the income statement to cash flow.

◗ Apply the cost allocation method.

Training program

◗ Understanding management control and performance management

– The management control system and performance definition
– The positioning and role of the Management Controller
– Management and the logic behind actions
– Process-based organization and ERP
✔ UNDERSTAND | Illustration: the performance triangle (Hubault)
✔ APPLY | Case Study: Analysis of the “Engineering Academy” case and its transformation into a profit center
✔ EVALUATE | Quiz: In your opinion… What are the key drivers for fostering action?

◗ The forecasting process and its construction

– A budget, a Strategic Plan (PMT), a Reforecast: Why?
– The Step-by-Step Process
• Understanding and Challenging Assumptions
• Building the Projected Income Statement and Developing Forecasts for Working Capital Requirements and Future Cash Flows (Direct and Indirect Methods)
• Analytical approaches, margin squeeze, break-even point, operating leverage
– Risks and Opportunities, sensitivity analysis
✔ APPLY | Practical case study: calculating requirements and operating leverage
✔ EXPERIMENT | Workshop: identifying levers for improving working capital
✔ EVALUATE | Quiz: In your opinion… What are the limitations of budget planning?

◗ Understanding cost accounting and cost price construction

– Analysis Areas and Analytical Scopes
– Cost of Goods Sold and Inventory Valuation
– Transfer Prices and Intercompany Transactions
– Introduction to ABC and ABM Methods
✔ UNDERSTAND | Example: How much does an iPad cost?
✔ APPLY | Case Study: Calculating the MOD rate, inventory valuation
✔ EVALUATE | Quiz: In your opinion… Give examples of allocation keys?

◗ Performance review

– A performance review: why?
– Methods and tools for management dialogue, dashboards, action plans
– Introduction to variance analysis
✔ UNDERSTAND | Illustration: the role and responsibilities of the management controller
✔ APPLY | Case study: redesigning the “performance management framework”
✔ EVALUATE | Quiz: In your opinion… When should fixed costs allocated to hourly rates be adjusted?

Why choose this course?

Management accounting supports the management of a company's economic performance.

This training course helps you identify the key areas and drivers of your company's performance.

It helps define the priority areas for performance improvement that require action, based on your company’s structure and culture. For each of the topics covered, you will be able to determine the expected contribution of management accounting and identify the appropriate management tools.

Teaching and assessment methods

Before the training: Submit your expectations via your online portal 15 days before the training begins and complete a self-assessment of your skills.

Teaching Methods: A variety of teaching methods to cater to different learning styles, encourage active participation, and reinforce learning through experimentation and practice.

Educational materials: presentation materials, reference materials (summary sheets, tables, etc.), and other resources available in your account.

During the training: theoretical concepts are alternated with examples drawn from real-life cases. Participants are given the opportunity to engage in role-playing exercises. Numerous practical exercises allow participants to demonstrate their mastery of the skills as the training progresses.

Training monitoring and evaluation: attendance sheet and certificate of completion. Immediate and post-training evaluations conducted using the LearnEval platform.

Price

2,090 EXCL.

Testimonials

management control training

Jonathan C.
Company
Training

Generalist trainings

Fundamentals of Management Accounting Training