- 1 – Financial diagnosis and planning
- 2 – Budgeting & Financial Planning in Excel
- 3 – Management Control & Cost Analysis
The “ Management Control & Cost Analysis » training is the third of the six modules of our “Finance for Managers” program in Luxembourg.
The English version is taught from March to June 2025
Management Control & Cost Analysis : module 3/6
English
April 24 and 25, 2025
Luxembourg-city
20 participants max.
1.600 € EXCL. VAT
1.648 € TVAC
VAT rate : 3%
Objectives training
The objective of this module “ Management Control & Cost Analysis ” of the “ Finance for managers ” program is to understand the link between costs and company strategy and control your costs effectively.. 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
- control of the activity and the link with the company’s strategy
- Define the different categories in costs in a company
- Determine financial profitability by type of activities or products sold by the company
- Measure the cost of a product or any activity of a company: cost of developing, producing, buying, selling, distributing, etc.
- Link the level of activity of the company with the amount of costs 2
- Understand the impact of costs on pricing policy, investment decisions, value creation or product outsourcing policy
- Master budgeting, dashboards and financial planning tools
Educational approach
The module will illustrate all the theoretical concepts seen during the course through real examples and practical cases. Continuous interaction with participants as well as the sharing of their experience will be highlighted. Finally, we will use Excel to apply the different tools.
Content | Management control and cost analysis
Understand the different types of costs in a company and their link with the level of activity of the company
- Fixed, variable and semi-fixed costs
- Direct and indirect costs
- Production and distribution costs
- Understand the difference between financial accounting and management accounting
Profitability Analysis of a product, service, activity or customer
- Cost allocation methods: classic or ABC
- Definition of cost centers
- Link with company strategy
- Variance Analysis
CVP analysis
- Calculation of a Break-Even Point, Margin Contribution or Desired Profit
- Link with company strategy
Outils de budgétisation
Your teacher
Benjamin Lorent
- Professeur de Finance et de Comptabilité à la Solvay Brussels School of Economics and Management (Université Libre de Bruxelles), à l'Université de Mons, aux Universités de Rouen et de Toulon et au Vietnam
- Doctorate in Economics and Management Science
- Trainer for ExpertSuisse and numerous continuing education programmes
- Finance and Insurance Consultant
Benjamin LORENT, Doctor in management sciences, is Professor of Finance and Accounting at 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 programs in Solvay, Switzerland and Vietnam and to master’s/bachelor’s students.
He is also a corporate finance consultant and academic director of the Advanced Master in Financial Markets (AMFM, Solvay).
Management control and cost analysis | register
Next dates in Luxembourg-city :
- April 24 and 25, 2025
<- Go to previous module :
2 –Budgeting & Financial Planning in Excel
- Master budgeting tools.
- Learn how to use Excel to model your company's finances, manage your budget and plan with precision.
-> Go to next module :
4 -Investment Criteria and Decision-Making
- Make informed investment decisions.
- Find out how to compare projects and choose the most profitable ones for your business.