This training is offered in both face-to-face and distance learning formats. More information

Description

Objectives

Upon completion of this path, participants will be capable of:

  • Acquiring basic knowledge of financial management/planning and performance measurement
  • Learning methods: Virtual class / Autonomous learning
Programme
  • Financial management
    • Understanding accounting and bookkeeping entries
    • Drawing up a balance sheet and a profit and loss account
    • Commenting on one’s balance sheet notes
    • Analysing a financial situation
    • Knowing the basics of management control
    • Assessing an investment or an opportunity
    • Budgeting, drawing up a financial plan
    • Knowing the main management software suites
  • Performance measurement
    • Difference between indicators for monitoring performance (reporting) and management indicators
    • Diagnosis by the participants of their own indicators
    • Performance modelling as justification for selecting indicators: the aims and the variables involved
    • The two main modelling methods: the Balanced Scorecard (BSC) and the OVAR matrix
    • Construction of a performance model using the BSC method (e.g. strategic card) and the OVAR method
    • The passage from modelling performance to selecting indicators
    • Organising a dashboard of indicators
    • Presentation of practical issues involved in creating a dashboard
    • Limits of the dashboard
Target audience
  • Executive of small or medium-sized business
  • New manager who has acquired sufficient experience to be responsible for a team; person with more than ten years’ experience but no initial training in management; needs to cope with new responsibilities, and needs to learn everything about this new role
  • SME manager in direct contact with the business’s executives
  • Young manager in a defined career plan within the business who needs to upgrade and prove his/her knowledge in order to be considered for promotion
  • Employee aiming at a managerial position
  • Employee with ambitions of promotion who decides on his/her own initiative to train in order to improve his/her skills and prove they have been acquired
  • Self-employed person whose business has developed considerably over the years, and now has to manage people and unite them in respect of his/her vision
  • New business manager
  • Person who has recently been given responsibility for managing a project, activity, budget, etc. within a large organisation

Conditions

Course Material

The training material will be handed out at the beginning of the course.

Certificate

At the end of the course, participants will receive a certificate of attendance issued by the House of Training.  

Location
Chambre de Commerce Luxembourg
7, rue Alcide de Gasperi
L-1615 Luxembourg
Luxembourg
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Sessions and schedules

Download the schedule (PDF)

  • Mon 18.11.2024

    09:30 to 12:30

    3H

    Finance & Performance (Business Management Toolbox)

    Chambre de Commerce Luxembourg

  • Fri 22.11.2024

    14:00 to 16:00

    2H

    Finance & Performance (Business Management Toolbox) - Debrief

    E-learning

  • Tue 26.11.2024

    09:30 to 12:30

    3H

    Finance & Performance (Business Management Toolbox)

    Chambre de Commerce Luxembourg

  • Fri 29.11.2024

    14:00 to 16:00

    2H

    Finance & Performance (Business Management Toolbox) - Debrief

    E-learning