Cette formation est proposée sous forme de formation présentielle.



Participants shall get acquainted with

  • the relevant terminology,
  • the practical links between accounting, budgeting and controlling,
  • the impact of their management decisions on their area of responsibility and on the bigger picture at company level,
  • the importance of their personal contribution to the budgeting, decision making and controlling process,
  • key performance indicators and dashboards (to be) used in their company.
  • Balance sheet and P&L-account
    • what are the main objectives and principles behind the different regulatory frameworks (e.g. LuxGAAP, IFRS)
    • what are the different elements of an annual report?
    • what kind of information can / cannot be found in a balance sheet and in a P&L account?
    • how are assets and liabilities valued?
    • what are possible conclusions which may be drawn from a balance sheet and P&L account?
  • Ratios and key performance indicators
    • profit and loss(e.g. EBIT, EBITDA, OCF)
    • assets & liabilities
    • solvency
    • liquidity
    • cash flow
    • ROI, ROE, ROX
    • productivity
  • Different levels of results
    • profit and loss
    • incoming and outgoing payments
    • costs and revenues
  • Cost Management
    • optimizing cost ≠ minimizing costs at any prize
    • which factors determine the framework for cost framework?
    • different types of costs and how to influence them
    • where is the difference between costs and charges?
      • what do financial resources cost?
      • value adjustments: costs or charges?
      • economic risks: when to be considered?
  • Cost management as management tool
    • how to set cost related objectives
    • how to motivate staff
  • Cost centers
    • why cost centers?
    • how to define cost centers: some practical guidelines
  • Cost per unit
    • overview of calculation methods
  • Budgeting
    • external and internal factors to be respected
    • different steps of budgeting
    • how to determine amounts in the plan
    • some financial ratios
    • optimizing cost ≠ minimizing costs at any prize
    • how to present and defend a budget plan (e.g. senior management, bank)
  • Case study
Target audience

Managers with high level education outside accounting & finance (e.g. engineers, lawyers, doctors, ...) who want to:

  • become more familiar with the tasks related to accounting and finance as well as budgeting and controlling,
  • more effectively manage their professional activity and business,
  • become more competent and self-confident in accounting and finance related issues,
  • ask the right questions when talking to other professionals (e.g. accountants, banks, …).


Course Material

Please note that for environmental reasons no paper version of the training material will be provided for your training. The course material can be downloaded free of charge via your portal before the start of the course (download the Client Portal User’s Guide here). You will be able to view it on the screen of your mobile device or print it if necessary. If your registration has been made by a training manager of your company please contact him/her so that he/she can give you access to it or send it to you.


At the end of the training, the participants will receive a certificate of participation delivered by the House of Training.

Chambre de Commerce Luxembourg
7, rue Alcide de Gasperi
L-1615 Luxembourg
Calculate the itinerary