112051 Controlling

Lehrende: Associate Professor Denis Becker

Veranstaltungsart: Seminar

Orga-Einheit: Corporate Management & Economics

Anzeige im Stundenplan: Controlling

Semesterwochenstunden: 3

Credits: 6,0
Hinweis: In Ihrer Prüfungsordnung können abweichende Credits festgelegt sein.

Standort: Campus der Zeppelin Universität

Unterrichtssprache: Englisch

Min. | Max. Teilnehmerzahl: 10 | 40

Prioritätsschema: Standard-Priorisierung

Inhalte:
Topic 1: Introduction to Management Accounting and Control

Topic 2: Using Costs in Decision Making

• Difference between costs and revenues in financial accounting versus management control.
  
• Classification of costs and revenues.
  
• Cost and revenue behavior.
  
• Identifying relevant costs and revenues for decision making.
  

• Absorption costing and direct costing.
  
• Job costing and process costing.
  
• Activity based costing.
  
• How to implement cost models in spreadsheets (Microsoft Excel or equivalent).
  

• Relationships between assets, liabilities, income, and cash flow.
  
• Functional and departmental budgets.
  
• Working capital planning.
  
• Simulation of future scenarios.
  
• Concept of Zero-based budgeting.
  
• Idea of “Beyond budgeting”.
  
• Setting up budgets and simulations in spreadsheets (Microsoft Excel or equivalent)
  

• Discounted-cash-flow methods (Equity, Free Cash Flow, and Adjusted Present Value).
  
• Weighted average cost of capital.
  
• Complete financial plan
  
• Life-cycle costing
  
• How to implement valuation models in spreadsheets (Microsoft Excel or equivalent)
  

• Target costing
  
• Kaizen costing
  
• Lean accounting
  

Lernziele:
This course provides the students with an understanding of management accounting concepts related to the management functions of planning, control, and decision making.

Learning outcomes and skills:

• The student will be able to critically analyze the operations of an organization through the application of management accounting techniques.
  
• The student can demonstrate mastery of costing systems, cost management systems, budgeting systems and performance measurement systems.
  
• The student knows the need for a balance between financial and non-financial information in decision making, control and performance evaluation.
  
• The student can effectively implement management accounting techniques by means of spreadsheet software (like Microsoft Excel).
  

Weitere Informationen zu den Prüfungsleistungen:
The exam will be of type "Endterm".
Detailed information concerning the exam will be provided when the cource commences.

Literatur:

• Anthony A. Atkinson, Robert S. Kaplan & Ella Mae Matsumura. (2017). Management Accounting: Information for Decision-Making and Strategy Execution. Pearson Education.
  
• Srikant Datar & Madhav Rajan. (2017). Horngren’s cost accounting: a managerial emphasis. 16th edition. Pearson Education.
  

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Ja