Stage I - Controllers Best Practice

Introduction

Learn all about the essentials of accounting, reporting and corporate planning, gain an overview of key controlling system components, and the design and interaction of major controlling tools.

Designed for people who aim to improve their planning and controlling skills, and their efficiency.

Content

I. Controlling for Successful Corporate Management

• Controlling as management process of defining goals, planning and management control
• Objectives and Key Results (OKR)
• Controller as business partner – understanding of roles and necessary competences
• With contribution margin accounting to the right decision – Why are full costs unsuitable for internal management?
• Break even chart, price volume changes, variance analysis and cost structure
• Future-oriented controlling – successfully leading of variance analysis meetings and deriving action

II. Important Connections between Management Accounting and Financial Accounting

• Details of profit and loss account, balance sheet and cash flow statement
• Cost summary and cost of sales method
• Differences between German GAAP (HGB) and IFRS
• Holistic thinking and acting in controlling – from vision and strategy to management of operational business
• The ROI-tree for sensitivity analysis and simulation
• Derivation of profit target over the capital costs
• Case study on planning / budgeting

III. Planning, Budgeting, Variance Analysis and Forecast

• Integration of strategic and operational planning
• Modern budgeting and rolling forecast
• Application of strategic instruments (SWOT, five forces, product portfolio, potential profile, strategic form, business model canvas)
• Cost center planning and variance analysis

IV. Development and Building Blocks of the Controlling System

• The accounting panorama – connections of contribution margin accounting, product costing and cost center accounting
• Calculation and sales price determination on the basis of various practical examples
• Case study on strategic planning

V. Trends and Developments in Controlling

• Digitization – business model, products, processes and data
• Future development for controllers
  

Objectives

• You get to know all functions and techniques of a controller
• You have the controlling system as a whole in sight
• You know how the various controlling instruments interact and how to implement them
• You learn how to successfully integrate controlling into your individual business processes

Target groups

Managers and employees in controlling, financial accounting as well as in cost accounting, corporate planning, management information, business administration and development. Managers from sales, marketing and production.