SZKOLENIE 2-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) Introduction to costs
- cost classifications,
- costs presentation in Income Statement,
- cost behaviour.
3) Costing systems
- Absorption Costing,
- Marginal Costing.
4) Breakeven analysis
- break-even point, margin of safety, required profit level,
- breakeven chart, profit-volume chart,
- multi-product break-even analysis.
5) Relevant costs
- relevant vs non-relevant costs,
- relevant costs of material and labour,
- practical aspects of cost relevance in business analyses.
6) Short-term decisions
- make or buy,
- accept or reject,
- shutdown,
- minimum price.
7) Limiting factor analysis
- how to maximize profit in limiting factor situations.
8) Performance Measurement
- basic performance measures and its usage in business analyses:
- Gross Profit Margin, Net Profit Margin, Return on Capital Employed, Asset Turnover.
9) Investments Appraisal
- payback period,
- time value of money,
- cost of capital,
- Net Present Value (NPV), Discounted Cash Flow (DCF),
- Internal Rate of Return (IRR).
10) 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.