Basics seminar about the most important subjects affecting accounting, financial management and controlling. 4 days.
As a specialist or junior staff, eventually you‘ll be given responsibility for financial tasks like planning, budgeting, cost budgeting and financial performance-achievement. On your way up to this position, you‘ll need fundamental knowledge of the financial aspects of business. This seminar helps you build up the necessary basis for this in a comprehensive and easily understandable way.
The seminar is best suited to management, specialized staff and junior management from all areas of business who do not yet have a comprehensive, fundamental knowledge of financial management and controlling.
At the heart of the seminar are the following topics:
You will learn about how costs incur, how to create a cost calculation system with full costs, marginal costs and profit margins, as well as how you can influence costs in your own area of activity. You will receive valuable insight into things like legal costs, activity-based management, calculation, and pricing that‘s in line with the market. You‘ll learn how a modern business performance tool is structured, how profit and loss accounting functions, how a cash-flow statement is structured, and what‘s important in balance sheets and annual financial statements.
Building on the above, you‘ll then learn how to conduct financial management tasks yourself – things like planning and budgeting, investment and profitability accounting, determining the feasibility of investment plans, active cost management, pricing concepts, managing earning power, securing liquidity, break-even concepts and capital intensity, make or buy decisions, in or outsourcing.
You need to use management information that is relevant to decision-making correctly and in a timely manner. We‘ll show you how – using initial signs and changes in KPIs – to recognize as early as possible, if performance is deviating from objectives. You can‘t ignore this and naively hope it corrects itself. We teach what you need to do to react quickly and implement corrective measures. You‘ll learn how to effectively use the instruments of controlling.