This Executive Master Class begins with three core modules. These have been designed to give you a superb learning experience on controllership topics and get you working alongside your fellow participants and the faculty. When you’ve completed the core modules, it will be up to you to decide what you want to learn next by choosing electives that fulfil yours and your company’s needs. We’ll suggest two learning paths but at the same time allow you to build your own path. You will find more details when you browse through this programme webpage or in the brochure that you can download from our website.
Module 1: Controllership & Strategic Management (4 days)
- Fundamental concepts and terminology of management accounting and control
- Strategy as a decision-making process
- Introduction to successful competition and innovation
- Conceptual framework for industry analysis and strategic planning
- Development and implementation of efficient strategies
Module 2: Driving Corporate Performance (4 days)
- Follow-up to the objectives and performance of the enterprise
- Define the optimum management control structure
- Budgeting as a key instrument for short-term planning and control in an organisation
- Performance measurement with Strategy Mapping and the Balanced Scorecard and the link with change management
- Value based management
Module 3: Profitability & Cost Management (4 days)
- Various techniques of cost calculation: traditional cost calculation, Activity Based Costing and Time-Driven ABC
- Cost calculation based on cost data
- Analysis and evaluation of the profitability of products, customers and markets: Customer Profitability and Total Cost of Ownership
When you’ve completed the core modules, it will be up to you to decide what you want to learn next. Based on our experience we recommend three possible paths. You choose the one that best fulfils yours and your company’s needs. Not sure what to choose? We‘ll be happy to advise you on this!
- Corporate Finance Decisions (3 days)
In this programme we’ll use case studies and an interactive online game to teach you the fundamentals of corporate finance decisions. You’ll also be involved in discussions and highly interactive sessions that will characterise the whole of your learning journey at Vlerick. Topics covered: the purpose of corporate finance, overview of recent major transactions, recap of financial statements and analysis, working capital management, planning and fundraising, introduction to capital budgeting, firm valuation, enterprise risk management.
- Accounting for Financial Decision Making (3 days)
The state of a company’s health is measured by its numbers. Accounting communicates the figures to investors, managers and other stakeholders through financial statements. But that in itself is not enough. They need to be able to interpret the financial statements too. This programme deals with financial accounting’s link with the real economy in the context of international financial markets. Topics covered: the link between accounting and valuation, valuation methods and value frameworks, cash flow analysis, including liquidity and solvency ratios, profitability analysis, including return on net operating assets and ROE.
- People Manager (4 days)
Your employees can make or break your company and its success depends on how you motivate and direct them. Line management plays a key role in this - which is why people management skills are essential to every manager in every organisation. This programme will hand you the tools needed to boost your employees’ performance and engagement and help make your organisation more profitable.
- Self-leadership (2 days)
To get the most from your team, you first need to be able to get the most from yourself. This programme has been designed to help you become an even better manager. So whether you want to have more impact in your current position, or you want to step up to a management role, you’ll develop and strengthen your skills.
Pick & Choose Path
The recommended paths don’t fully address your needs? Then simply build your own path by selecting the 2 electives most suited to yours & your company’s needs. You can choose these electives from all short-focused programmes with a minimum of 3 and up to a total maximum of 6 days. Our programme finder will give you a good overview of the broad range of possibilities. Or you can just contact us for further advice.
Project coaching: counts for 3 elective days
With this Executive Master Class in Controllership, you’ll have an impact in your organisation! Not only are our classes filled with practical examples, case studies and guest speakers. Through an in-company project, you’ll be able to work on your own challenges, relevant to your business.
In order to meet the certification requirements, you should successfully execute an in-company project, which allows you to translate your knowledge into business practice. Throughout this in-company project, you’ll apply the knowledge and experience acquired during the programme in your own business. This project is carried out under the supervision of a faculty adviser and an internal company adviser. The scope of the project is defined in consultation with the company and the Vlerick adviser. The outcome of the project is a practical and relevant management report that will help you realise the impact of the Executive Master Class in your business.