SZKOLENIE 1-DNIOWE

1) Management Accounting / Financial Controlling

• areas of financial controlling/management accounting and its main objectives,
• financial controller's role and position in organisation's structure,
• practical aspects of financial controlling.

2) Relevant costs

• relevant vs non-relevant costs,
• relevant costs of material and labour,
• practical aspects of cost relevance in business analyses.

3) Short-term decisions

• make or buy,
• accept or reject,
• shutdown,
• minimum price.

4) Investments Appraisal

• payback period,
• time value of money,
• cost of capital,
• Net Present Value (NPV), Discounted Cash Flow (DCF),
• Internal Rate of Return (IRR).

5) Budgeting

• purposes of budgets,
• budgeting methods: incremental, zero-based, rolling, activity-based - practical aspects,
• top-down vs bottom-up - in practice,
• budgeting process and role of controlling department,
• how to create budgets effectively? budgeting best practices from trainer's experience,
• controlling of budget realization.

11) Responsibility Centres

• centralisation vs decentralisation, types of responsibility centres,
• measuring performance of responsibility centres, ensuring goal congruence,
• ROCE (return on capital employed), ROI (return on investment), RI (residual income),
• overview of other useful methods of managing responsibility centres through financial measures.