Accounting and Finance for Managers
Cette formation est proposée sous forme de formation présentielle. En savoir plus
Objectives
Participants shall get acquainted with
the relevant terminology,
the practical links between accounting, budgeting and controlling,
the impact of their managerial decisions for their area of responsibility and for the bigger picture at company level,
the importance of their personal contribution to budgeting, decision and controlling process,
key performance indicators and dash boards (to be) used within their company.
Programme
Balance sheet and P&L-account
what are the main objectives and principles behind 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 prized?
what are possible conclusions which may be drawn from a balance sheet and P&L account?
Ratios and key performance indicators
profit and result (e.g. EBIT, EBITDA, OCF)
assets & liabilities
solvency
liquidity
cash flow
ROI, ROE, ROX
productivity
Different levels of result
profit and loss
payments in and out
costs and income
Cost Management
optimizing cost ≠ minimizing costs at any prize
which factors determine the framework for cost management?
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
The course material will be delivered at the beginning of the course.
Certificate
At the end of the training, the participants will receive a certificate of participation delivered by the House of Training.
Lieu
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Chambre de Commerce Luxembourg7, rue Alcide de Gasperi
L-1615 Luxembourg
Luxembourg - Calculer l'itinéraire
lun. 13.09.2021 à 08h30
Accounting and finance for managers
-
Chambre de Commerce Luxembourg
lun. 13.09.2021 à 13h30
Accounting and finance for managers
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Chambre de Commerce Luxembourg
lun. 20.09.2021 à 08h30
Accounting and finance for managers
-
Chambre de Commerce Luxembourg
lun. 20.09.2021 à 13h30
Accounting and finance for managers
-
Chambre de Commerce Luxembourg
lun. 27.09.2021 à 08h30
Accounting and finance for managers
-
Chambre de Commerce Luxembourg
lun. 27.09.2021 à 13h30
Accounting and finance for managers
-
Chambre de Commerce Luxembourg