Management Control - Fundamentals

In a world of growing economic uncertainty, management control is a vital business function.

Management control enables a company to measure its performance and ensure that it uses its resources optimally. It is central to the strategic and operational concerns of any decision-maker seeking to implement processes that ensure the company’s long-term sustainability.

By the end of this training course, participants will be able to:

• Understand and apply the management control approach

• Explain and understand the roles and responsibilities of a management controller as a business performance driver supporting the organisation’s strategy

• Know and understand the fundamental accounting and budgeting tools, their benefits, and how they can be integrated to implement effective management control

• Master the fundamentals of management control to effectively manage and measure the company’s overall performance

1. Understand the role and positioning of management control

• Master performance management: systematically translate concepts into objectives and indicators

• Provide decision-makers with tools and levers to manage performance

• Present management frameworks and tools to decision-makers and contributors

• Position management control within the broader context of activity management

• Support decision-making and understand the fundamentals of cost accounting

2. Identify the key stages of the budgeting process

• The main stages of budget preparation

• Budgeting dynamics: guidelines and timetable

3. Apply the methodology for preparing the main budgets

• The purpose and key aspects of the main budgets: sales budget, production budget, operating expenses budget, investment budget and investment profitability assessment, and cash budget

• Organisation of budgetary control

4. Towards effective management control

• The dashboard: a management and decision-making tool

• Identify relevant indicators that accurately reflect performance

• Monitoring KPIs

• Implement a Balanced Scorecard (BSC)

• Theoretical input covering key concepts

• Exercises and case studies with guided discussions

• Gamified learning activities to reinforce learning

• Group discussions and exchanges

This training course is intended for the following participants:

• Professionals wishing to acquire knowledge and a solid grounding in management control and business performance management, enabling them to contribute to implementation and communicate effectively with specialists in the field

• Anyone who works with the management control department and wishes to understand the management controller’s approach

• Anyone wishing to progress towards a management controller position

• Any operational manager wishing to implement management control or contribute to its implementation

The attendance certificate can be downloaded 24 hours after the training course via your client portal.