Controlling MU

Course syllabus

Responsibility

Prof. Dr. Ralf Dillerup

Language

english/deutsch

Credits / SWS

5 / 4

Contact hours / Students workload

50 / 150 hours

Examinations mode

LR Continuous Assessment

Learning outcomes
       
  • advanced understanding of differences and specific approaches of managerial accounting
  • understand the German approach of Controlling; apply key concepts of financial management with managerial focus
  • understand and analyze financial statements under domestic and international accounting principles
  • employ advanced methods of integrated financial accounting: integrated financial planning and control for budgeting on the operative and on the strategic level
  • understand scenario management, forecasting methods and other means of implementing flexibility in financial and business planning
       

Teaching methods
  • A variety of learning strategies will be used in this class, including books, lectures and discussions, case studies, teamwork and presentations.
  • Due to the limited time available, students must be prepared to read widely outside the subject.

Course contents
  • Elements and links between the disciplines of Financial Management
  • Managerial Accounting and Controlling
  • Elements and links between the Accounting Systems (Managerial Accounting, Financial Accounting and Financial Management)
  • Performance Measurement & Financial Analysis
  • Understanding Financial Statements, Taxes, and Cash Flows
  • International Accounting Systems
  • Capital Budgeting
  • Value Based Management / shareholder value (EVA and CVA systems)
  • Reporting
  • Fully integrated financial planning and budgeting
  • Scenario management, Sensitivity and Risk-Assessment

Specialities

Contents and cases are closely coordinated with a real life case study. Most often the life case and representatives linked to the case are included in the course.

Literature
  • Dillerup, R./Stoi, R.: Unternehmensführung, 3. Aufl., München 2011
  • Titman, S.; Keown, A; Martin, J.: Financial Management: Principles and Applications; International 11. Edition, 2011
  • Reading/Activity: Selected chapters, case analyses, class notes, presentations.
  • Additional material to be assigned as deemed necessary.
  • Copies of the used transparencies will be provided to support the individual notes.