- 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
Knowledge of the basic tools of management control is recommended, for example by having taken the "Management control - Performance management - the fundamentals" course .
Objectives
- Master advanced management control techniques that contribute to value creation
- Become more relevant in your analyses to be a force for change
- Know and know how to implement the main tools of performance management
Contents
> 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
> Measure performance and calculate actual production costs
- Balanced scorecard
- Industry indicators
- Monitor and evaluate performance using pre-defined costs (standard costs)
- Calculate material and direct labor consumption
- Production cost analysis - Illustrations
- Allocation and absorption of fixed costs
- Production modes, flow diagrams, MRP
> Analyze reporting and build a results bridge
- Principles of income statement analysis
- Principles of calculating standard cost variances (volume, mix, price, efficiency, consumption, exchange rate effects, etc.).
- How to work with indices
- Variance by origin and standard income statement analysis (year-on-year and versus forecast)
> Deploy an action plan
- How to set an objective?
- The action plan in practice
- Project or investment profitability analysis (NPV, IRR, payback)
- Focus on non-quality costs and start-up costs (learning curve)
> Reliable forecasts
- Landing (forecast accuracy)
- Integrated planning approach (S&OP)
- Risks and opportunities, risk management
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: educational video
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: instructional videos. The trainer is available to answer any training-related questions.
Price
2,090 EXCL. TAX
Media
Testimonials
industrial management control training
industrial management control training
industrial management control training
industrial management control training
Jonathan C.
Company
Training