- 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)
- Creation of value ROCE (ROIC), WACC - Creation of value: ROCE (ROIC) - WACC (WACC) - Return on capital employed - Rotation des actifs (assets turn) - Intensité capitalistique (capital intensity)
- 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
- Profitability and investment decisions - Building a business plan - Financial indicators of investment profitability (NPV, IRR, payback) - Risks and opportunities - Sensitivity - Reviewing and approving an investment file, model relevance, challenging assumptions
- Dashboard (and BSC) - Governance and steering (Dashboard and BSC)
Specialization
Target audience
- Financial directors and controllers
- Accounting managers
- Finance, consolidation and accounting managers
2 day
Industrial management control training
Prerequisites
No prior knowledge required
Objectives
◗ Apply advanced management control techniques that contribute to value creation.
◗ Make your analyses more insightful so you can be a source of innovative ideas.
◗ Implement the key performance management tools.
Training program
◗ Contribute to decision-making that creates value
– ROCE and Asset Turnover
– Cost of Capital (WACC) and Value Creation
– Free Cash Flow – Identifying Leverage Points to Generate Cash
✔ UNDERSTAND | Illustration: Financial Cycle Diagrams, Simplified Financial Statements
✔ APPLY | Case Study: Calculate and analyze the impact of an industrial project on ROCE
✔ EVALUATE | In your opinion… Can a company always finance its own growth?
◗ Measure performance and calculate actual production costs
– Industry Indicators and the Balanced Scorecard
– Monitoring and Evaluating Performance Using Pre-established Costs (Standard Costs)
– Calculating Material and Direct Labor Consumption
– Production Cost Analysis – Illustrations
– Allocation and Absorption of Fixed Costs
– Production methods, logistics flow diagram, MRP
✔ APPLY | Practical case: calculation of the MOD
✔ APPLY | Practical case: capacity analysis and investment decision
✔ EVALUATE | In your opinion… At what level of activity should the amount of fixed costs allocated per unit be calculated?
◗ Analyze reporting and build a profit and loss bridge
– Approaches to analyzing the income statement
– Principles for calculating variances against predetermined costs (standard costs) (volume, mix, price, efficiency, consumption, exchange rate effects, scope)
– How to work with ratios
– Variance by source and analysis of the standard income statement
✔ UNDERSTAND | Case study: analysis of material and labor variances – identifying sources of variance
✔ APPLY | Practical exercise: creating a bridge between actual and standard results
◗ Deploying an action plan
– How to Set a Goal: “SMART” and Ambitious
– The Action Plan in Practice: Monitoring and Feedback
– Feasibility Analysis of a Project or Investment (NPV, IRR, Payback Period)
✔ APPLY | Case Study: Conducting a Feasibility Study on a Project to Automate an Industrial Workstation
✔ EVALUATE | In your opinion… What is a SMART goal?
Why choose this course?
Management accounting supports the management of a company's economic performance.
This training course provides an in-depth look at and illustrates the key areas and drivers of industrial performance. It helps identify 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 learn how to implement 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
industrial management control training
industrial management control training
industrial management control training
industrial management control training
Jonathan C.
Company
Training