Stage II - Financial & Management Accounting
Here you can expand your detailed knowledge of controlling methods.
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  • Stage II - Financial & Management Accounting

    Seminar-No. 9.2 Period: 5 Days
    65 Evaluations

    Holistic corporate management requires linking profitability and financial transparency. Finance, Accounting and Legal have a significant impact on the numbers and thus on the performance measurement. At the same time commercial law is changing significantly. In group controlling the IFRS Standards are the driving forces. Small and medium enterprises experience the same changes with a time delay with the HGB (= German commercial code). Here german federal laws like BilMoG and BilRUG have initiated the same process of change. The associated integration of accounting tools is accelerated by stronger capital market orientation – bank and stock exchange. That is why we begin with integrated profit and financial planning, i.e. the income statement, balance sheet, cash flow and financial ratios. Investments also have to be evaluated overall including their impact on enterprise value. Then we have comprehensive coverage of topics such as structure and fixed-cost controlling, pricing, customer value and sales controlling. Modern IT-instruments offer exciting new opportunities with all of these topics. We conclude with an understanding of the effect of internal charging and of (tax based) transfer pricing on key figures.

    Your benefits

    • Stage II – Financial & Management Accounting expands the management accounting toolbox that has been developed in Stage I. At the same time, in addition to sales controlling, you extend your skills portfolio to include controlling of strategy, profitability, finance and sales
    • You develop detailed methodological skills in management accounting. You learn the importance and procedures associated with integrated management and financial planning and you will be able to apply your newly developed controlling tools in practice, after completing Stage II
    • You get familiar with modern IT-based opportunities for targeted management of structure costs and sales activities
    • The participants obtain implementation help with numerous feedback sessions in small groups

    Seminar Content

    I. Principles of Financial Accounting

    • Case study to reconcile contribution margin accounting with the income statement according to both the cost summary and the cost of sales method
    • Balance sheet and liquidity planning (obstacles, simplifying assumptions)
    • Cash flow statement based on IAS 7 or DRS 21

    II. Case Study for Medium Term Financial Planning

    • Plausibility checks for a business plan as part of the financial diagnosis: Key ratios on liquidity, stability and profitability as a “quick check”
    • Risk assessment: depicting volatility using scenario technique and Monte-Carlo-Simulation
    • Financial management and working capital optimization

    III.  Value Based Controlling

    • Criteria for investment evaluations: payback period, Net Present Value NPV and investment portfolio; potential weaknesses of the Internal Rate of Return IRR
    • Calculation of the weighted average cost of capital WACC
    • Company valuation with the Shareholder Value (Discounted Cash Flow method DCF; plausibility check using multiples; fundamentals of due diligence)
    • Economic Value AddedTM as a measure of value creation and basis for incentives

    IV. Controlling of Structure Costs / Fixed Costs

    • Plan and manage costs applying Zero Base Budgeting ZBB
    • Introduce and use Activity Based Costing ABC with limited effort
    • Process Mining: IT-based analysis & visualization of processes improve compliance, process stability and costs
    • Robotic Process Automation (RPA) – a central component of digital transformation

    V. Fundamentals of Sales and Customer Controlling

    • Overview: integration of strategic and operational sales controlling tools
    • Big Data in sales and marketing: influence of Predictive Analytics and Dynamic Pricing
    • Key figures for sales in a “digital world”
    • Target Costing – “strategic calculation” and management of customer value
    • Workshop: profit center accounting and segment reporting (IFRS 8 compliant), customer result account, sales deductions, incentive model for the sales force, dashboard for the sales manager

    VI. Transfer Pricing

    • Conflicts of interest: managing performance versus tax optimization
    • Where and how transfer pricing influences controller’s key figures
    • Internal charging: an instrument to optimize the use of internal resources

    Target groups

    The Seminar Stage II – Financial & Management Accounting is adressed to managers and employees in controlling, financial accounting as well as in cost accounting, corporate planning, management information systems, business administration and development.

    Trainer

    Dipl.-Ing. Dr. Klaus Eiselmayer

    studied Industrial Engineering at the TU Graz University of Technology (Austria) where he also got his PhD. He worked for Technodat (IT), Porsche Salzburg and Magna (car industry), his last job there was head of finance and controlling. He started with CA Akademie AG in 1995 as trainer and became partner in 1997. Since 2012 he is board member and responsible for the trainer team. Dr. Eiselmayer is also board member of the IGC International Group of Controlling and the ICV International Association of Controllers. He specialized in business planning, management and financial accounting, value based management, presentation and moderation skills and teambuilding. He provides training and coaching in German and English language. From 2007-2013 he was editor of the Controller Magazin and board member of the publishing house VCW Verlag für ControllingWissen AG.

    Dipl.-Ing. Dietmar Pascher

    is partner and trainer of CA Akademie AG and responsible manager for its International Program and CAonAir online training. He provides controlling and finance training in German, English, French and Spanish language. He assists companies in putting strategic, operational and financial controlling topics into practice. Furthermore, he is IBCS® certified trainer for better reporting and expert for clear presentations and business partnering. He specialized on project and sales controlling and psychological principles of clear communication and leadership competences for change projects. Dietmar Pascher is industrial engineer for informatics and business administration. First he worked as a sales controller for Frischeis AG, Austrias biggest retailer for furniture industry supplies. Second he joined KNAPP AG in Graz, Austria - world leading supplier for warehouse logistics – working as a project manager and controller for international projects. Before joining CA Akademie AG he was director of research and development for KNAPP AG.

    Dipl.-Kfm. Danny Szajnowicz

    is partner, trainer and consultant of CA Akademie AG. He studied business economics with focus on International Management and Human Resource Management at the Helmut-Schmidt-University in Hamburg, Germany. In addition he passed a summer course at Arizona State University, USA. Afterwards he gained experience in different management positions in the field of supply chain management before he joined a management consultancy. Danny Szajnowicz was responsible for project management and led numerous project teams in the fields of strategy and organizational development as well as process improvement. He specialized in Operational Excellence, Six Sigma and Lean Management. For CA Akademie AG he conducts seminars within the five stage program in German and English language. Furthermore he is responsible for the special seminars Lean Management, Production- and SCM-Controlling. Additionally he supports companies in the implementation of projects, moderation of workshops and Inhouse-trainings.

    Contact and advice

    Martina Wiegand
    Registration:
    booked up have few places without restriction
    Select current date:
  • 1.890 EUR*
     
    *) Lunch, snacks, beverages incl.
    Prices plus VAT within Germany
    Seminar-No.: 9.2
    Period: 5 Days
    65 Evaluations

    Contact and advice

    Martina Wiegand
    Registration:
    booked up have few places without restriction
    Select current date:
  • 1.890 EUR*
     
    *) Lunch, snacks, beverages incl.
    Prices plus VAT within Germany

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