Classic in-class seminar
Learn the basics of business economics within two intensive days!
Understanding finance and controlling
- What relevance does a balance sheet, a profit and loss calculation or a cash flow have and why is that of any interest?
- Which controlling figures are necessary to take correct and sound corporate decisions?
At this "Financial Management" in-class seminar we convey both classical and modern methods of company management. With regard to contents, the focus here is on the financial and accounting instruments such as: Annual financial statements including balance sheet and profit and loss calculation, year-end analysis, liquidity analysis, cash flow analysis, capital budgeting, full cost accounting with its methods of calculation, direct costing with contribution margins and overhead rates, i.a.
Perceiving managerial coherences:
- Which targets do companies aim at and by which key performance figures are they evaluated and controlled?
- How do companies measure the economic success and why is it always all about rates of return?
The methods and instruments of management are always integrated into the managerial overall context. This primary means the managerial coherences and rules, complex organizations are directed to, especially value-based management. Rates of return and capital costs, key performance indicators as well as cost management and working captal management are directed to value-based management.
Especially technicians, engineers or scientists do not have a profound managerial understanding. In this in-class seminar, they can consolidate their knowledge of economic basics and management themes during two intense days.
Dr. Sandra Wagner
Practicing in the MARGA business simulation
Practice your knowlede as a MARGA board and make your own managerial decisions: