1
What is management control?
- General concepts.
- Current advances.
2
Cost accounting refresher
- Going from expenses by type to expenses by purpose.
- Method for calculating costs.
- Relevant costs and decision tools.
- Activity Based Costing (ABC) method.
Hands-on work
Case study Determine the sales price of finished products by properly managing their costs in order to maximize margins.
3
Financial tools
- Financial flows: Working capital (NWC), working capital requirements (WCR).
- Tools: Provisional profit and loss account, financing plan, cash flow plan.
- Multiyear forecast construction approach.
- Choosing investments: Profitability criterion.
Hands-on work
Case study Optimize your cash flow by properly managing your working capital requirements. Identify the most profitable investments.
4
Budget tools
- Creating and linking budgets.
- Sales budget.
- Production budget.
- Procurement budget.
- Corporate services budget.
- Cash budget.
Hands-on work
Case study Make sure that cash inflows and cash outflows are matched in your sales, procurement, corporate services, personnel, and capital budgets.
5
Budget control: Analyzing deviations
- Identification (deviations from costs and from sales).
- Measurements.
- Corrective actions.
Hands-on work
Case study Identify deviations between "actual" and "forecast" in order to ensure the company's efficiency.
6
Management scorecard
- Result indicators and performance indicators.
- Collecting information and choosing indicators.
- Creating and explaining a scorecard.
Hands-on work
Case study Ensuring that the company lasts by optimizing the use of resources with the help of key indicators.
3d
- 21h00 
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