Controlling
Effect for participants:
- Understanding the concept of controlling and its importance for the company management.
- Knowing the concept of controlling, recommendation to adjust the content and extent of controlling in the company.
- Learning/repeating the basic concepts of corporate finance and their use while driving.
- Understanding the functioning of the operating cycle.
- They will learn how to properly use tools for financial management of the company and how to use financial indicators for the evaluation of the company.
- They will understand the meaning and the form of a financial statement.
- They will learn to manage the working capital (cash flow) and to use properly the calculations for pricing.
- They will understand the importance and function of reporting.
- They will learn to create and to interpret the reports for any use in managerial decision-making and evaluation of the company.
Content frame:
Activities in financial management
- Budgeting and planning
- Financing and payments
- Controlling and reporting
- Automation of activities of financial management using the systems
Controlling
- Definitions
- Controlling types and tasks
- Difference between accounting and controlling, "management" accounting
- Concept of controlling in the company, how to set it
- Financial management of the company
Basic concepts of corporate finance
- Operating cycle
- Financing during the operating cycle
- Profit vs. money
- Structure and content of financial statements
- Reading and using financial statements
Financial indicators
- purpose of financial analysis
- indicators for the evaluation of the company
- use of ratios
- choice of financial indicators for assessment, recommended values
Cash-flow management
- structure of working capital
- activities in managing working capital
- prevention of defaulted debts
- solution of defaulted debts and bad debts
Pricing
- Establishing and using pricing
- Direct and overhead costs
- Procedure for the calculation of prices
- Space for management decisions
- Turning point
- Fixed and variable costs
Reporting
- Purpose of reporting
- Scope of the report, level of detail
- Key information
- Procedure for establishing report
- Choice of graphical representation
