Accounting & Controlling II

Course contents
  • - Fundamentals of strategic, operational and financial corporate management
    - Target and control levels of the company
    - Success and liquidity as management parameters
    - Relationship between financial and operational management
    - Conflict of objectives between security, cost of capital and target return on investment
    - Link between operational and strategic management
    - Cycle concept of success potential, success and liquidity generation
    - Planning relationship between strategic, operational and financial management

    - Introduction
    - The concept of controlling
    - Structure of the lecture
    - Strategic Operational Controlling
    - Strategic Controlling
    - Basic questions of strategic controlling
    - The process of strategic planning
    - The strategic cube
    - Goals and tasks of strategic planning
    - Process of corporate planning
    - Determination of corporate goals
    - Strategic analysis
    - Strategic control
    - Scenario management
    - Operational conrolling
    - Operational planning
    - Conversion of plans into budgets
    - Characteristics of operational control
    - The control process
    - Control at business unit level
    - Control of standard operational plans
    - Control in the real goods process
    - Control in the value circulation process
    - Operational project control as a special case
    - Summary

    - Balanced Scorecard
    - Traditional performance measurement systems
    - Performance measurement systems
    - The concept of the Balanced Scorecard
    - The Key Performance Indicator System
    - The financial perspective
    - The customer perspective
    - The internal or business process perspective
    - The potential perspective
    - The management system
    - Cause-effect relationships
    - Summary