The student knows different approaches to controlling and is able to discuss applicability of academic views. The student knows main controlling tasks and instruments.
The student is able to understand different organisation forms for controlling and discuss their respective pros and cons.
The student is able to understand relationships between financial accounting, cost accounting and controlling.
The student can apply different ways to measure corporate success and understand implications on corporate results.
The student is able to name steps in the corporate strategy process and understands controlling tasks in generating strategy and maintaining the strategy process.
The student knows the intention, use and variety of management ratios and is able to discuss their applicability.
The student understands the need for and the process of corporate planning with focus on operative budgeting instruments and is able to execute an operative planning.
The student knows different methods to forecast results and is able to forecast results.
The student knows different possibilities to calculate deviations and is able to derive control measures. 
The student knows criteria to structure corporate reports and is able to generate them.
The student knows the importance of IT systems for controlling tasks and is able to apply SAP as example on basic controlling issues.

Courses in the Module

• Controlling
• Introduction to SAP

Detailed course description

• Introduction to Controlling: What is controlling?
• Accounting fundamentals for Controlling
• Strategic Controlling
• Operative Controlling
  • Management ratios
  • Corporate planning and corporate budgeting
  • Forecasting
  • Monitoring / control / deviation analysis
  • Reporting
• Introduction to and application of SAP-CO

• Horváth, Péter: Controlling, 12. Auflage, Verlag Franz Vahlen, München 2011
• Weber, Jürgen; Schäffer, Utz: Einführung in das Controlling, 14. Auflage, Schäffer-Poeschel Verlag, Stuttgart 2014.

5 ECTS x 30 hours = 150 hours, combined out of the following:

• Course attendance: 60 hours
• Preparation / homework / self-study: 60 hours
• Exam preparation: 30 hours
• Exam time: 90 minutes

• Interactive lectures with integrated exercises
• Case studies in SAP