- Cost Accounting and Costing - Know cost accounting, direct/indirect cost breakdown and cost calculation, activity-based costing, and activity-based management
- Cost control and performance management - Know how to perform variance calculations, fixed/variable analysis and calculate a break-even point – Know and be able to use the cost and performance control levers
- Operational flows and processes -
- Project accounting - Earned value management - Know project accounting (analytical allocations, concept of earned value, time & cost performance measurement)
- Project Management - Project management (WBS, CBS, GANTT, Critical path)
- Project/program portfolio - Financial Management of a Project/Program Portfolio (PMO)
Target audience
1 day
Prerequisites
This training does not require any particular prerequisite.
Objectives
– Master the tools of management control related to R&D processes and become a “Innovation care” controller
– Be able to build up a budget as well as a mid-term plan from P&L to cash-flow statement for R&D projects
– Understand what is at stake in financial and accounting reporting (presentation of accounts and principles of French Research Tax Credit)
– Building a better partnership with R&D and innovation teams around an R&D, value innovation management model
Detailed content
> Controller’s position and analysis in a complex matrix organisation
> The value chain of R&D and Innovation projects
– 5 steps: Ideation/Selection/Development/Marketing/After-sales
– Traditional approach (funnel) and recent agile methodologies
– Main steps and milestones of new product (service) development
> Accounting principles
– Accounting treatment and disclosure of R&D expenses in financial statements
– Entry tickets, co-innovation, co-development and focus on French Research Tax Credit
> Assets Valuation (integrating technical and commercial uncertainty)
– R&D key success factor and performance indicators (KPIs): financials and non- financial (Time-To-Market)
– Time tracking and hourly rates
– Workload measurement and identification of resources needed
– Focus on costs
> Business Case and valuation: traditional KPIs (NPV, IRR) and specific approach with uncertainty, risks and opportunities
> Updates/Follow-up
– Variance analysis between actual and forecast, remedial actions
– Projects costs monitoring (monitoring technical and economical performance, cost efficiency and performance of earned value, reforecast at the end of project)
> An integrated process
– Integrating 3 dimensions: strategic/economic and organizational
– Gathering the organization
Why should you attend?
R&D and innovation capabilities are essential for business continuity: maintaining and developing growth or adapting in a complex environment. This training makes the link between the Management Controller as a business partner and the new dimensions of R&D and innovation activities as part of the value creation process. For each topic covered, you will be able to identify the expected input from management controller and appropriate monitoring tools.
Training methods assessment
Mix of theoretical presentation, illustrations and case studies. Real transposition to participants’ cases.
Assessment questionnaire.
A training certificate is delivered at the end of the session.
The trainer is available by e-mail and telephone to answer any follow-up questions participants may have.
Prix
1 020 € Excl. VAT – 1 224 € Incl. VAT
Médias
Témoignages
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Jonathan C.
Entreprise
Formation