Management control and cost analysis

• 1 - Financial Diagnosis and Planning
• 2 - Budgeting and financial planning in Excel
• 3 - ManagementControl and Cost Analysis

The " Management control and cost analysis  "is the third of six modules in the 'Finance for managers' programme in Luxembourg.

The French version will be taught from May to November 2025.

Register

Management control and cost analysis : module 3/6

French

26 and 27 June 2025

Luxembourg City

20 participants max.

1.600 € EXCL. VAT

1,648 € INCL. VAT

VAT rate : 3%

Objectives

The aim of the 3rd "Management Control and Cost Analysis" module of the Finance for managers" programme is to help participants understand the link between costs and corporate strategy. The course will present the classic notions of cost control by showing how managers and executives use real information in the business world. At the end of this module, the participant will be able to :

• Understand the objectives and added value of management accounting and of the
  business control and the link with corporate strategy
• Define the different cost categories in a company
• Determine financial profitability by type of activity or product sold by the company
• Measure the cost of a product or any business activity: the cost of developing, producing, buying, selling, distributing, etc.
• Linking the company's level of activity with the amount of its costs
• Understand the impact of costs on pricing policy, investment decisions, value creation and product outsourcing policy.
• Master the tools of budgeting, dashboards and financial planning

Teaching Approach

The module will illustrate all the theoretical concepts seen in the course through real examples and practical cases. Continuous interaction with participants and the sharing of their experience will be emphasised. Finally, we will use Excel to apply the various tools.

Content | Management control and cost analysis

Understand the different types of costs in a company and how they relate to the company's level of activity

• Fixed, variable and semi-fixed costs
• Direct and indirect costs
• Production and distribution costs

Understanding the difference between financial accounting and management accounting

Profitability analysis of a product, a service, an activity or a customer

• Cost allocation methods: traditional or ABC
• Definition of cost centres
• Link with corporate strategy
• Analysis of Variance

CVP analysis

• Calculating a break-even point, margin montribution or desired profit
• Link with corporate strategy

Budgeting Tools

Your teacher

Benjamin Lorent

Professor

Benjamin Lorent

Professor

• Professor of Finance and Accounting at the Solvay Brussels School of Economics and Management (Université Libre de Bruxelles), the University of Mons, the Universities of Rouen and Toulon and in Vietnam.
• Doctorate in Economics and Management Science
• Trainer for ExpertSuisse and numerous continuing education programmes
• Finance and Insurance Consultant

Benjamin LORENT, who has a doctorate in management science, is Professor of Finance and Accounting at the University of Paris.
The Solvay Brussels School of Economics and Management (Université Libre de Bruxelles), the University of Mons, the University of Rouen and the University of Toulon (France).
He also holds a master's degree in actuarial sciences (ULB).

Benjamin teaches finance, accounting and insurance to executives in continuing education programmes in Solvay, Switzerland and Vietnam, and to master's/bachelor's students.

He is also a consultant in corporate finance and academic director of the Advanced Master in Financial Markets (AMFM, Solvay).

Next dates: 26 and 27 June 2025, in Luxembourg.