Controlling III - Master Budget Workshop
| The Company Budget: An integrated Controlling Case Study | |
| Main seminar targets are: | |
 |  Management AccountingPlanning and budgeting system Balance sheet and methods Financial Controlling and Reporting Group work on selected topics and presentation of findingsPractising controllers′ methods and personal skillsSolving complex problems in teams |
| When you have finished studying this course you should be able to design a very good budgeting sistems in your business. | |
Contents: | |
| Management Accounting | |
| | •Formulating strategy •Derive a controller-like management report from product costing and cost centre accounting •Build up a management account, develop a priority list,and cost centre budgets •Rationale and method of activity based costing |
| Planning system | |
| | •Planning and controlling activity •Formulation of plan to meet objectives (strategic planning) •Decision taking •Develop a planning and budgeting system •Design a framework for budgeting •Organize the analyses and prognoses as information basis |
| Planning and Budgeting | |
| | •Formulation of short-term operation plan (budgeting/profit, planning) •Organize and carry out a strategic and operational planning meeting. Group assignment by functions: business units, sales, engineering, controller, treasurer •Optimising the use of resources •Disclosure to shareholders and others external to the entity •Disclosure to employees •Achieve approval on company′s overall ROI-target •Budget meeting - Feedback - Does the plan meet the objectives and is it realistic? |
| Balance Sheet and Methods | |
| | •Acquisition and use of financial (financial management) and recording of transaction (financial accounting and cost accounting); •Elaborate a finance budget based on planned sales, costs and the investment budget •Cost summary and cost of sales method in the P&L •Influence of IAS/IFRS/US-GAAP •Work out a planned balance sheet, a cash flow statement and financial ratios |
| Financial Controlling and Reporting | |
| | •Corrective action to bring plan and results into line (financial control) •Reconcile profit- and finance plans •Does the planned cash flow meet our requirements for financial stability? •Financial objectives and reporting •Cash flow statement and working capital analysis •A holistic view of controlling •Reviewing and reporting on systems and operations (internal audit, management audit) |
| Group Work on Selected Topics and Presentation of Findings | |
| | •Controller as a change agent in the development of controlling •Problem-solving skills and behaviour when working on strategic topics •How to convince controller′s customers •Rules for and experiences from controller′s home visits •How to organise the "storage of ideas" and to set priorities •Assemble in the meeting room and practise team work •Latest trends in controlling: target costing, kaizen costing, ABC, ABM, cost of quality etc •Presentation of findings |
| The training session is based on the KAIZEN JAPANEESE Management (continuous improvement of business processes and loss reduction). The training is a part of the Productivity training group. | |
| The training provides a step by step theoretical and practical approach to the principles, techniques and tools. Participants will be involved in practical applications, role plays, analysis of specific cases to be helped to acquire basic controlling skills. | |
| The training methodology: | |
| The training session offers a theoretical and a practical approach. The training methodology includes: PowerPoint presentation, questions / answers, discussions in small groups, reminders, practical examples, demonstrations, case studies, video demonstration, simulations, role plays, participants learning from other participants, brainstorm, solving practical issues raised by participants. The training is based on the KAIZEN JAPANESE management philosophy (continuous improvement of business processes and reducing losses). The training is part of the suite of Productivity courses provided by Exegens. | |
| In house training: | |
| The training ”Controlling. The business profitability” is also available in ”in-house” sessions. Companies must have a certain number of participants or require different types of courses. The cost advantage and the possibility to discuss and solve company specific problems during the training session are two big benefits for such kind of trainings. For details, please view the Exegens training offer. | |
| Consulting services: | |
| Exegens also offers consulting services to design and implement a Performance Management System, helping clients to establish simple and effective directions to increase Productivity (up to 150% of staff, equipment, utilities, materials, logistics and storage), to improve the System of Budgeting and Cost Calculation, to underlie the Right Number of Employees, to have a great Benckmarking and Best Practices system for designing a performance reporting system through the Balanced Scorecard. For details, please consider the Exegens consulting offer. | |
| Contact us to learn more about how we can help your organization with our Controlling consulting and public/ in house training services. | |
