- 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)
Mastering a complex environment
Target audience
- Financial directors and controllers
- Accounting managers
- Finance, consolidation and accounting managers
2 day
Industrial management control training
Prerequisites
No prior knowledge is required.
Objectives
◗ Identify advanced management control techniques that contribute to value creation
◗ Become more relevant in your analyses to be a force for change
◗ Implement the main tools of performance management
Training program
◗ Contribute to decision-making that creates value
- ROCE and asset rotation
- The cost of capital (WACC) and value creation
- Free cash flow - identifying levers for cash generation
✔ UNDERSTANDING | Illustration: financial cycle diagrams, simplified financial statements
✔ APPLY | Case study: calculating and analyzing the impact of an industrial project on ROCE
✔ ASSESS | Quiz: what do you think... Can a company still finance its growth
by itself?
◗ Measure performance and calculate actual production costs
- Industry indicators and the balanced scorecard
- Controlling and assessing performance using standard costs
- Calculating material and direct labor consumption
- Production cost analysis - Illustrations
- Allocation and absorption of fixed costs
- Production modes, flow logistic diagrams, MRP
✔ APPLIQUER | Case study: MOD calculation
✔ APPLY | Case study: capacity analysis and investment decision
✔ EVALUATE | Quiz: what do you think... On what level of activity should we calculate the amount
fixed costs per unit?
◗ Analyze reporting and build a profit and loss bridge
- Approaches to income statement analysis
- Principles for calculating standard cost variances: volume, mix, price,
efficiency, consumption, exchange rate effects, scope, etc.
- Working with indices
- Variance by origin and standard income statement analysis
✔ UNDERSTANDING | Case study: material and labor variance analysis - identifying
sources of variance
✔ APPLY | Case study: building an actual vs. standard result bridge
◗ Deploying an action plan
- How to set ambitious SMART objectives
- The action plan in practice: follow-up and feedback
- Project or investment profitability analysis (NPV, IRR, payback)
✔ APPLIQUER | Case study: carrying out a profitability study on a project to
robotization project
✔ ASSESS | Quiz: what do you think... What is a SMART objective?
Why choose this course?
Management control is at the service of companies' economic performance management. This training course provides in-depth insight into the fields and levers of industrial performance. It will help you define the priorities for improving performance, based on your company's organization and culture. For each of the topics covered, you will learn how to implement the appropriate management tools.
Teaching and assessment methods
Before: self-assessment quiz
During the session: alternating theoretical developments, illustrations and case studies. A real work of transposition to the case of the participants is proposed. Exchange of best practices. Numerous role-playing exercises help to validate the acquisition of skills throughout the course.
After the event: The trainer is available to answer any questions relating to the training.
Price
2,090 EXCL. TAX
Testimonials
industrial management control training
industrial management control training
industrial management control training
industrial management control training
Jonathan C.
Company
Training