More than ever, executives and managers have to understand how their decisions affect costs and how understanding costs and managing them properly is the way to success in an organization. This one day training “Budget Management and cost control” teaches the basics of financial reports, but above all the fundamentals of management accounting which is considered as the tool to enhance executives and managers ability to take adequate decision in an ever-changing environment.

After understanding the basics of management accounting and its link with financial accounting, participants will be explained how to build budgets and implement cost control systems in a company. In the last part of the session, participants will become familiar with the understanding and use of financial accounting information in capital investment decisions.

The training is based on case studies in order for participants to become familiar with the basic guidance behind budgeting, cost control, valuation and financing of projects. Participants will understand how to build a Master budget and reconcile it with financial statements and beyond that how strategic decisions are linked with the quality of information that will support these strategic plans and decisions made in the company.

Learning benefits include:

- Budget Management and cost control: How to improve the performance of an Organization?

- Budget and Decision making: Understanding the costs and the pricing

- Budgeting : the process Providing rigorous tools and approaches to measure the effectiveness of expenditures

- Follow up of budget realization and improvement: Accounting for control

- Capital budgeting and Investment decision

Who should attend:

- General Managers, Directors, Top Executives and Experienced Managers

- Business Managers, Department Heads & Line Managers

- Sales & Marketing Managers

- Accountants, Corporate Treasury Managers

- Professionals of any department involved in the budget process

- Any staff with a non-financial background looking to learn the fundamentals of budget and cost control

Language 

English

Agenda

08:45 – 09:00 Welcoming participants

09:00 – 09:10 Introduction

09:10 – 09:30 Session 1: Budget Mgt & cost control: How to improve the performance of an Organisation

09:30 – 10:15 Session 2: Budget and Decision making: Understanding the costs and the pricing

10:15 – 10:30 Coffee Break

10:30 – 11:15 Session 2:Understanding Costs: Company examples 

11:15 – 12:00 Session 3: Budgeting: the Process 

12:00 – 13:00 Lunch

13:00 – 14:00 Session 4: Preparing the capital budget 

14:00 – 15:00 Session 5: Preparing the cash budget 

15:00 – 15:15 Coffee Break

15:15 – 16:45 Session 5: Doing a Master Budget

16:45 – 17:15 Session 6: Follow up of budget realization and improvement: Accounting for control

17:15 – 17:30 Wrap-up

Registration  注册

Registration is required to secure your seat. Please send the following information to Ping Rui Zhao, przhao@europeanchamber.com.cn (Contact number: 0755 86350920) or you can register online if you are a member. 请务必提前注册来预订你的位置，将下面的信息通过邮箱提供给赵平瑞 przhao@europeanchamber.com.cn (联系电话：0755 86350920) 或者你也可以选择在中国欧盟商会官网的活动信息页面在线注册。

*Participant Name 参加人姓名

*Company Name 公司名称

*Title 职位

*Contact Email and Mobile phone 联系邮箱和移动电话

*Invoice information: If you need a VAT invoice (fapiao) for reimbursement, please provide us the identification number, invoice title and post address in Chinese. 增值税普通发票信息：如果你需要报销发票，请提供纳税人识别号，发票抬头和中文邮寄地址。

*If you need a VAT special invoice (fapiao) for reimbursement, please provide a completed information of your company that includes: identification number, company phone number, issuing bank, and issuing bank account. 增值税专用发票信息：如果您需要报销增值税专用发票，请提供纳税人识别号，公司电话，开户行以及开户行账号。

Registration Price 注册费用

Member 会员

RMB 2,200 (For 1 day training)

RMB 4,000 (For 2-day training)

Non-member 非会员

RMB 3,300 (For 1 day training)

RMB 6,300 (For 2-day training)

*We offer discounts for participants who register for 2-day training: Day 1 - Finance and Accounting for non-financial Managers (Nov 27 2017); Day 2 - Budget Management and Cost Control on (Nov 28 2017). 

Payment 付款

You can pay at the day of the event using cash or bank transfer. The European Chamber can give you an official receipt or fapiao, it will be sent to you by posting 10 working days after the event. 你可以选择在活动当天现场现金支付或者使用银行转账。中国欧盟商会可以提供活动回执或发票，在活动结束后10个工作日内以邮寄的方式给你。

Terms & Conditions 注意

Events have limited seating so to ensure your attendance we encourage advance online registration and payment for all events. We cannot guarantee entry to anyone not registered in advance. 由于活动的名额有限，我们鼓励你提前在线注册和支付以保证你的席位。我们对于没有提前支付的人员，不能保证活动名额。

Cancellation Policy 取消

If you cannot attend an event for which you have registered, please cancel your registration no later than one business day prior to the event. If you fail to notify us of your cancellation in a timely fashion, you will be charged for event costs. 如果你无法参加，请至少提前一个工作日以上通知欧盟商会取消。如果没有提前通知，你仍然将被收取活动的费用。

Speakers

Mr. François Bernard

Certified Public Accountant, Coach, Trainer & Consultant, Financial & Risk Advisory, Executive Director, FJA & Partners

Mr. François Bernard

Certified Public Accountant, Coach, Trainer & Consultant, Financial & Risk Advisory, Executive Director, FJA & Partners

View speaker details

Corporate Experience
Francois has more than 35 years experience in providing audit services and due diligence assistance to multinationals of different industries including manufacturing companies.
From 1990 to 2004, François was responsible for the international expansion of RSM Salustro Reydel (RSM France). From 2002 until July 2004, he was Chairman of RSM Int, the 6th largest worldwide audit and consulting organisation.
François started to work in China in January 1995 when his firm established a Representative office. In 2000, RSM Salustro Reydel entered into a joint venture with a Chinese CPA firm. François had been the Chairman of this Joint Venture until it was liquidated in August 2006 after RSM Salustro Reydel (RSM France) joined KPMG France.
François was then seconded to KPMG China as Partner until end of 2008.

Consulting, Training & Coaching activities
Francois is the founder and Executive Director of FJA & Partners launched in China in February 2009. Initially, the company did focus on risk management issues considered as a way to develop business and improve business performance and Services to SME’s.
In 2010, based on corporations request for training in Finance and related matters, FJA & Partners launched a new business line dedicated to training under the direct supervision of François.
François has delivered in-house trainings for large European manufacturing companies on “Finance for non financial Executives”, “Financial Accounting”, “Management Accounting” and inter-companies’ trainings on “IFRS”.
Francois is regularly invited by industry associations to speak on the investment environment in China and common issues multinationals face. Among his favourite topics : Governance issues, CSR issues, Ethics and leadership issues, Human Resources issues, Transparency and quality of financial information issues.
François was appointed in April 2015 by the Executive Office of RSM International member of the RSM Global team in China to advise, exchange and develop mutual understanding and business opportunities with the Chinese representative, largest Chinese CPA firm, of RSM Global in China.
His focus is relations and business development between China and Europe.
Before coming to China permanently François had been in charge of the financial audit course in his Business school (MBA program) for eight years.

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