Controlling III - Master Budget Workshop

Productivity and Controlling: Consultancy, Training, Workshops and Conferences
TRAINING ... CUSTOMIZE ... IMPLEMENT ... RESULTS

	The Company Budget: An integrated Controlling Case Study
Main seminar targets are: Management Accounting Planning and budgeting system Balance sheet and methods Financial Controlling and Reporting Group work on selected topics and presentation of findings Practising controllers′ methods and personal skills Solving 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