Stage I - Controllers Best Practice

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
• Basic concepts of BI-architecture
• 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