Management Control - Fundamentals

Inter-company training

How long does the training course last?

 21,00 hours(s)

In which language(s) is the training course taught?

EN

When will the next session take place?

Who is organising this training course?

Fondation créée en 2015 par la Chambre de Commerce et l’Association des Banques et Banquiers Luxembourg (ABBL), la House of Training est un organisme agréé de formation professionnelle continue qui s'engage à contribuer activement à la compétitivité et à l'attractivité du Luxembourg en développant les compétences de ceux qui font vivre son économie.

What are the aims or the skills being targeted?

In a world of growing economic uncertainty, management control is a vital business function.
Management control enables a company to measure its performance and ensure that it uses its resources optimally. It is central to the strategic and operational concerns of any decision-maker seeking to implement processes that ensure the company’s long-term sustainability.

By the end of this training course, participants will be able to:

  • Understand and apply the management control approach
  • Explain and understand the roles and responsibilities of a management controller as a business performance driver supporting the organisation’s strategy
  • Know and understand the fundamental accounting and budgeting tools, their benefits, and how they can be integrated to implement effective management control
  • Master the fundamentals of management control to effectively manage and measure the company’s overall performance

What does the training course cover?

1. Understand the role and positioning of management control

  • Master performance management: systematically translate concepts into objectives and indicators
  • Provide decision-makers with tools and levers to manage performance
  • Present management frameworks and tools to decision-makers and contributors
  • Position management control within the broader context of activity management
  • Support decision-making and understand the fundamentals of cost accounting

2. Identify the key stages of the budgeting process

  • The main stages of budget preparation
  • Budgeting dynamics: guidelines and timetable

3. Apply the methodology for preparing the main budgets

  • The purpose and key aspects of the main budgets: sales budget, production budget, operating expenses budget, investment budget and investment profitability assessment, and cash budget
  • Organisation of budgetary control

4. Towards effective management control

  • The dashboard: a management and decision-making tool
  • Identify relevant indicators that accurately reflect performance
  • Monitoring KPIs
  • Implement a Balanced Scorecard (BSC)

What will you receive at the end of the training course?

The attendance certificate can be downloaded 24 hours after the training course via your client portal.

What other information is useful to know?

Public cible:

This training course is intended for the following participants:

  • Professionals wishing to acquire knowledge and a solid grounding in management control and business performance management, enabling them to contribute to implementation and communicate effectively with specialists in the field
  • Anyone who works with the management control department and wishes to understand the management controller’s approach
  • Anyone wishing to progress towards a management controller position
  • Any operational manager wishing to implement management control or contribute to its implementation
Autres informations:
  • Theoretical input covering key concepts
  • Exercises and case studies with guided discussions
  • Gamified learning activities to reinforce learning
  • Group discussions and exchanges

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