3 – Management Control & Cost Analysis

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 € HTVA

1.648 € TVAC

Taux de TVA : 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

Professeur

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).