Use a variety of creative tools to generate new ideas, solve challenges and making decisions
Creativity and Innovation
Objectives
By the end of this program, participants will be able to:
- learn important interrelations between controlling, accounting and finance
- understand key technical terms, their place within the overall context
- identify the relationships between decisions and their financial impact
Target Groups
Directors, Senior Heads of and Heads of who are not working in Finance/Controlling
Duration: 2 days
Pre-requisite: N/A
Class Size: 16
Contents
P&L, Balance Sheet, Annual Statement and Controlling
- Controlling basics
- Structure and differences between German Commercial Code and international accounting standards (IFRS)
- Key balance sheet ratios and interpreting balance sheets (overview)
- EBIT, EBITDA, annual net income
- Fast close
Finance Ratios and their Significance for Controlling
- Economic value added, ROI, capital turnover, operating margin, breakeven, cash flow, contribution margin, capital employed and working capital
- Ways to influence these ratios
Remarks