Stage II - Financial & Management Accounting

Introduction

Extend your in-depth knowledge of controlling methods, expand the management accounting toolbox in Stage I to include financial accounting, value-based and sales controlling – and equip yourself for practical situations.

Designed for people who want to improve their skills in target costing, cost centre accounting, process cost accounting and financial planning.

Content

• Financial Accounting
  • What do the balance sheet and the cash flow statement provide? Differences between Contribution Accounting and P&L
  • Cash flow statement according to IAS 7 or GAS 21
  • Preparation of the budgeted balance sheet
• Case Study Financial Planning
• • Business planning including financial impact
  • Analysis of financial ratios: profitability, liquidityand financial stability
  • Working capital management and financing
  • Holistic controlling in three dimensions: the controlling triptych
• Value Based Management
  • Calculate weighted average cost of capital WACC
  • Investment calculation: dynamic pay back period, NPV: net present value, IRR: internal rate of return
  • Economic Value AddedTM: measurement for value enhancement and incentivization in investment projects
  • The company as an object of investment - introduction to business valuation
• Controlling of Overheads – Fixed (Structure) Costs
  • Standards of performance for services
  • Zero Base Budgeting, Overhead Value Analysis
  • Activity Based Costing and pricing
• Sales and Customer Controlling
  • Integration of strategic and operational sales controlling tools
  • The sales profit center and its sales dashboard of key performance indicators
  • Customer result account and portfolios
  • Target costing and pricing, customer value
• Transfer pricing
  • Conflict of interests: controlling and tax optimization
  • How transfer pricing rules influence a controllers' work
  • Internal charging: an instrument to optimize the use of internal resources

Objectives

• You get to know the meaning and procedure of an integrated profit planning and financial planning
• You are proficient in all important controlling tools and know how to implement these in practice
• You provide for transparency of results and finance as an architect of method
• You integrally focus your navigation function on all stakeholders in your company
  

Target groups