Introduction to Finance and Controlling - Level 1 - Fundamentals
Why should you attend this course?
- You will gain and consolidate your knowledge of management accounting and the fundamentals of controlling, including budgeting, reporting and cost accounting.
- You will learn terminology and basic concepts.
- The case studies included in the course will teach you how to use the knowledge you have acquired in practice, and you will be able to dispel any doubts by asking the tutor any questions you have.
Language of the course
Polish or English
Training level
beginner
Who is this course for?
- For employees of BSS companies, working especially in GL, AP, AR, R2R, controlling departments.
- For those wishing to learn and understand management accounting terminology.
- For those starting a career in finance or wishing to re-invent themselves.
Course programme
- Introduction to Finance and Control: the need for management accounting; the role of the management accountant in business process; comparison to financial accounting.
- Income statement: the concept of income, expense, inflow, outflow; natural approach to P&L; functional approach to P&L.
- Costing: cost object, cost unit, cost center; introduction to cost classification; historical cost vs economic value.
- Cost behavior: cost behavior and output; determining the fixed and variable element of cost; application of the high-low method.
- Marginal costing and pricing: marginal costing concept and contribution; full cost and marginal cost pricing; markup and margin concept.
- Breakeven analysis: breakeven point; margin of safety; required profit level.
- Budgeting: what are budgets; principal budget factor; hierarchy of budgets; different budget types; preparation of flexible budgets; budget variances
„This was a good course with a comprehensive programme on management accounting. The concepts learned here will definitely help me in my work.”
From the feedback form on the ‘Introduction to Finance and Controlling’ course delivered in closed course format in October 2023.5,72/6
Average evaluation of ‘Introduction to Finance and Controlling’ courses delivered in closed course format between 2023 and 2024."Overall, the course is definitely worth recommending."
From the feedback form on the ‘Introduction to Finance and Controlling’ course delivered in closed course format in October 2023.100%
participants of the ‘Introduction to Finance and Controlling’ courses delivered to companies in 2023-2024 would recommend our course to friends!
Open courses
Our open courses are short courses taught by experienced tutors whose role is to give you practical knowledge and skills that you can use immediately in your daily work.
It's a great opportunity to expand your knowledge and enhance your skills, whether you're motivated by an internal desire to develop or by your employer.
Bespoke programmes for companies
Does your team need training on this topic? Or, would your organization benefit from additional focus on specific issues in the course program, allowing some elements to be explored in greater depth?
With bespoke programs, we can adjust the training content to meet your organization’s specific needs. This includes adding topics not covered in the standard program or omitting sections less relevant to your team. The final cost of customized training is set individually at the proposal stage.
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Package of 5, 10 or 20 Knowledge Bits
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