Introductory event: Controlling Winter Term 2015/2016

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Prof. Dr. Carsten Homburg

Introductory event: Controlling

Winter Term 2015/2016

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Organizational – Contact

Prof. Dr. Carsten Homburg

Seminar für ABWL und Controlling

Universität zu Köln

Albertus-Magnus-Platz

50923 Köln

Phone:

(0221) 470 – 4451

Fax:

(0221) 470 – 5012

E-Mail:

[email protected]

Internet:

http://www.controlling.uni-koeln.de

Consultation hour: Registration required

WISO – Building, 1. floor

Secretariat Mrs. Elisabeth Tokarski-Eich

Room 129

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Dr. Tanja Klettke Operative Controlling Strategic Controlling Phone : (0221) 470 – 3847 Fax: (0221) 470 – 5012 E-Mail: [email protected] Consultation hour: Registration required WISO - Building, 1. floor Room 126

M. Sc. Snjezana Deno

Kosten- und Leistungsrechnung (Cost Accounting) Phone : (0221) 470 – 7487 Fax: (0221) 470 – 5012 E-Mail: [email protected] Consultation hour: Registration required WISO - Building, 1. floor Room 113

Organizational – Team

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Organizational – Team

Controlling - Introductory event

Dipl.-Kfm. Dominik Nußmann

Operative Controlling, Strategic Controlling, IT Phone : (0221) 470 – 4494 Fax: (0221) 470 – 5012 E-Mail: [email protected] Consultation hour: Registration required WISO - Building, 1. floor Room 114

Dr. Stefanie Liesenfeld

Technik des betrieblichen Rechnungswesens (Book keeping) Phone : (0221) 470 – 3200 Fax: (0221) 470 – 5012 E-Mail: [email protected] Consultation hour: Registration required WISO - Building, 1. floor Room 115

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Dipl.-Kff. Kristina Reimer

Kosten- und Leistungsrechnung (Cost accounting) Phone : (0221) 470 – 1668 Fax: (0221) 470 – 5012 E-Mail: [email protected] Consultation hour: Registration required WISO - Building, 1. floor Room 124

Organizational – Team

M.Sc. Lars Rothe

Value-based Controlling Förderverein Controlling e.V.

Phone : (0221) 470 – 7726 Fax: (0221) 470 – 5012 E-Mail: [email protected] Consultation hour: Registration required WISO - Building, 1. floor Room 112

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Organizational – Team

Controlling - Introductory event M.Sc. Roman Schick Value-based Controlling Risikocontrolling (Risk-based Controlling) Phone : (0221) 470 – 4452 Fax: (0221) 470 – 5012 E-Mail: @wiso.uni-koeln.de Consultation hour: Registration required WISO - Building, 1. floor Room 127

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Overview of Controlling

Controlling

Risikocontrolling + Practitioner talks

Information

Ausgewählte Fragen des Controlling

Coordination

Value-based

Strategic

Operative

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Structur of Controlling (I)

Courses offered:

Courses (24 CP) of our Chair:

- Operative and Strategic Controlling + Exercise

(4+2 weekly hours = 12 CP)

- Value-based Controlling + Exercise

(2+2 weekly hours = 6 CP)

- Ausgewählte Fragen des Controlling

( 2+1 weekly hours = 6 CP )

Credit Points

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Structur of Controlling (II)

Optional course (6 CP) of our Area:

- Selected Issues in Accounting

(only offered for e.g. foreign credits)

Optional course (6 CP) of other Area:

- Finance 7 + Exercise ( 2+2 weekly hours = 6 CP )

(„Rechnungslegung von Versicherungsunternehmen nach HGB / IFRS“)

Credit Points

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Structure of the Specialisation Category - Accounting and Taxation (48 CP)

Prof. Dr. Carsten Homburg Controlling - Introductory event Prof. Dr. Carsten Homburg

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Structure of the Supplementary Category - Accounting and Taxation (24 CP)

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Structure of the Supplementary Category - Controlling (24 CP)

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Courses: Winter Term 2015/16

Specialisation Module – Operative and Strategic Controlling

Operative Controlling: Tuesday, 10:00 - 11:30 a.m. in Lecture hall XXIV (Prof. Dr. Carsten Homburg) Wednesday, 10:00 - 11:30 a.m. in Lecture hall XXIII Start: 20.10.2015 End expected: 02.12.2015

Exercise: Thursday, 8:00 - 9:30 a.m. in Lecture hall XXIII (Dr. Tanja Lorenz, Start: 22.10.2015 End expected: 03.12.2015 Dipl.-Kfm. Dominik Nußmann)

Strategic Controlling: Tuesday, 10:00 - 11:30 a.m. in Lecture hall XXIV (Prof. Dr. Carsten Homburg) Wednesday, 10:00 - 11:30 a.m. in Lecture hall XXIII Start: 08.12.2015 End expected: 02.02.2016

Exercise: Thursday, 8:00 - 9:30 a.m. in Lecture hall XXIII (Dr. Tanja Lorenz, Start: 10.12.2015 End expected: 03.02.2016 Dipl.-Kfm. Dominik Nußmann)

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Courses: Winter Term 2015/16

Specialisation Module – Ausgewählte Fragen des Controlling

Risikocontrolling (lecture): Monday, 4:00 – 5:30 p.m. in Lecture hall XII

( Prof. Dr. J.-A. Lohr ) Start: 26.10.2015 End expected: 08.02.2016

Practitioner talks (in English): Please check our website for updated information!

www.controlling.uni-koeln.de

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Schedule of events

Summer Term 2016

Value-based Controlling

Accounting Seminar

Risikocontrolling

Practitioner events

Winter Term 2015/16

Operative and Strategic Controlling

Accounting Seminar

Risikocontrolling

Practitioner events

Ausgewählte Fragen des Controlling Ausgewählte Fragen des Controlling

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Final exams offered

Winter Term 2015/16

Operative and Strategic Controlling – PO 2015 => Friday, 12.02.2016, 18:00 – 20:00 Operative Controlling – PO 2008 => Friday, 12.02.2016, 18:00 – 19:00 Strategic Controlling – PO 2008 => Friday, 12.02.2016, 18:00 – 19:00 Value-based Controlling (ST 15) => Friday, 29.01.2016, 10:30 – 11:30

Ausgewählte Fragen des Controlling (WT 15/16) => Tuesday, 16.02.2016, 16:30 – 17:30

Summer Term 2016

Operative and Strategic Controlling – as well as single exams for PO 2008 – (from WT15/16)

Value-based Controlling (ST 2016)

Ausgewählte Fragen des Controlling (ST 2016)

At the beginning of April 2016

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Exam procedure for Operative and Strategic Controlling – PO 2008

Winter Term 2015/16

„Old“ – students: PO 2008 Either: Operative Controlling => Friday, 12.02.2016, 18:00 – 19:00 Or: Strategic Controlling => Friday, 12.02.2016, 18:00 – 19:00 ELSE:

Operative Controlling and Strategic Controlling

=> Friday, 12.02.2016, 18:00 – 20:00

⇒_{Register for both exams (Operative Controlling as}

well as Strategic Controlling) at the same time slot! The WiSo examination office will manually allocate you to the exam in the same room for PO 2015

(18.00 – 20.00).

Summer Term 2016

„ Old“ – students: PO 2008 Either: Operative Controlling => TBA Or: Strategic Controlling => TBA ELSE:

Operative Controlling and Strategic Controlling => TBA

⇒_{Register for both exams (Operative Controlling as}

well as Strategic Controlling) at the same time slot! The WiSo examination office will manually allocate you to the exam in the same room for PO 2015.

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Accounting Seminar – Summer term 2016:

- Allocation of the Advanced Seminar places are organized via KLIPS each Semester

(online)

http://www.klipsteam.uni-koeln.de/

- Each Chair offers 30 places

- If accepted in KLIPS, additional registration for seminar at our secretary’s office

Dates:

Topic announcement:

TBA (regularly around November)

Application deadline:

See KLIPS 1

st

_{allocation round (“Belegungsphase”)}

Assignment to chairs:

See KLIPS 1

st

_{allocation round (“Belegungsphase”)}

(2 weeks later)

Topic allocation:

After assignment and registration at our Chair:

Topic preferences can be named

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Writing theses at the Chair for ABWL and Controlling:

Master thesis: (processing time: 6 months)

=> Application at our chair (not via KLIPS!)

=> There are two application deadlines per year: 1

st

_{of October and 1}

st

_{of April}

For more information, please visit our homepage:

http://www.controlling.uni-koeln.de/de/studium/master/masterarbeit/

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Foreign credits

- In general: Consultation prior to the exchange semester

- Please submit to Dr. Lorenz:

- Cover letter

- Course description (incl. Credit Points & weekly hours)

- Structure and reading list

- Transcript

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Courses offered in Controlling

Specialisation Module – Operative and Strategic Controlling

consists of two parts:

Operative Controlling (lecture + exercise)

Strategic Controlling (lecture + exercise)

Specialisation Module – Value-based Controlling

Specialisation Module – Ausgewählte Fragen des Controlling

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Operative Controlling (2 weekly hours)

Outline:

1. Fundamentals of Controlling 1.1 Controlling in practice

1.2 Controlling – theoretical concepts

1.3 Interdependencies as the starting point of Controlling 1.4 Summary

2. Theory, concepts und methods for the foundation of Controlling 2.1 Cost accounting

2.2 Variance analysis and cost control 2.3 Investment analysis

2.4 Linear programming using the example of production planning

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2.5 Dynamic programming (decision tree analysis) 2.6 The concept of information value

2.7 Agency - Theory 3. Controlling instruments

3.1 Key performance indicators 3.2 Budgets and targets

3.3 Transfer pricing

3.4 Overhead cost allocation 3.5 Incentives

4. Conclusion

Operative Controlling (2 weekly hours)

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Strategic Controlling (2 weekly hours)

Outline:

1. Introduction to Strategic Controlling

1.1 Need for a strategic Controlling (cost management) 1.2 Cost management vs. traditional cost accounting 1.3 Proactive vs. reactive cost management

1.4 Overview of the course contents 2. Traditional tools of cost management

2.1 The investment theoretical approach to cost accounting 2.2 Break-even analysis

2.3 Learning curve

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3. Modern tools of cost management 3.1 Life cycle costing

3.2 Target costing

3.3 Activity - based costing (ABC) 4. Benchmarking

4.1 Foundations of Benchmarking

4.2 Benchmarking with Data Envelopment Analysis

Strategic Controlling (2 weekly hours)

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Value-based Controlling (2 weekly hours)

Outline:

1. Introduction

1.1 Motivation

1.2 Shareholder and other Stakeholder

1.3 Accounting and key financial performance indicators (KPI) 1.4 Application of traditional key performance indicators

1.5 Shortcomings of traditional performance indicators 2. Capital structure and firm value

2.1 Capital structure irrelevance 2.2 Leverage effect

2.3 Capital structure and taxes

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3. Shareholder value approach

3.1 Basics

3.2 Capital costs 3.3 Residual value

3.4 Example of shareholder value calculation

3.5 The concept of shareholder value-added (SVA) 3.6 Threshold margin

4. Discounted cash flow methods 4.1 Basics

4.2 Entity methods 4.3 Equity method

Value-based Controlling (2 weekly hours)

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4.4 Valuation in the case of insolvency 4.5 Summary

5. Overview of value-based KPIs

5.1 The residual income concept

5.2 Cash flow – oriented value added KPIs 6. Implementing a value-based strategy

6.1 Strategy formulation 6.2 Strategy evaluation

6.3 Issues on the corporate level 6.4 Case studies

6.5 Basic principles of the SVA approach

Value-based Controlling (2 weekly hours)

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7. The Ohlson Model (1995)

7.1 Assumptions

7.2 Linear time series models

7.3 The linear information model of Ohlson (1995)

7.4 Valuation equation

7.5 Overview of the model

7.6 Application of the Ohlson model

7.7 Conclusion

Value-based Controlling (2 weekly hours)

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Risikocontrolling (2 weekly hours)

Outline:

⇒

_{External lecturer: WP StB Prof. Dr. J.-A. Lohr}

1. Einführung und gesetzliche Grundlagen

2. Aufbau und Durchführung eines Risikofrüherkennungssystems

3. Aufbau eines Risikomanagementsystems

4. Risikomanagementsysteme bei WP-Gesellschaften

5. Compliance

6. Deutscher Corporate Governance Kodex

7. Prüfung des Risikomanagementsystems durch die Interne Revision

8. Prüfung des Risikomanagementsystems durch den Abschlussprüfer

9. Risikoberichterstattung

10. Fallbeispiel: Risikomanagementsysteme bei Kreditinstituten

11. Fallbeispiel: Bilanzskandale

12. Fallbeispiel: Risikomanagement im Bereich der Vermögensverwaltung

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Literature:

Literature folder relating to the courses

– Operative and Strategic Controlling

– Value-based Controlling

– Ausgewählte Fragen des Controlling

are available at the office for copying.

Borrowing possible with deposit of the student ID!

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Organizational – Course material (1)

1. http://www.ilias.uni-koeln.de 2. Login to ILIAS

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3. Type in your user name of your S-Mail-Account

4. Password of your S-Mail-Account

Please check

http://www.ilias.uni-koeln.de for:

• Information about the

Account

• Assistance for registration

Organizational – Course material (2)

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Organizational – Operative and Strategic Controlling in Ilias

You will find all materials for both courses and exercises here:

⇒

_Magazin

⇒ Veranstaltungen

⇒ Wintersemester 2015/2016 KLIPS2

⇒ Wirtschafts- und Sozialwissenschaftliche Fakultät

⇒ Fachgruppe Betriebswirtschaftslehre

⇒ Accounting and Taxation

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Ilias – Password for all courses

Prof. Dr. Carsten Homburg Controlling - Introductory event

• Password:

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Why should you study Controlling?

• excellent job situation

• ideal focus e.g. in combination with Betriebswirtschaftlicher Finanzierungslehre

(= Finance), Corporate Finance, Steuerlehre, Wirtschaftsprüfung, Statistik

• ideal complementary field

(costs are important in all operational and managerial functions, e.g. Human Resource

(HR) controlling, Marketing controlling, Production controlling, Logistics controlling, …

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Expectations

• high commitment and motivation

• participation in lectures and exercises

• analytical thinking

• willingness for the formal analysis of problems

What do we expect from our students?

What can our students expect from us?

• training of analytical thinking skills

• central controlling knowledge

• good support and exam preparation

• placement of real-world contacts

• hopefully interesting courses/events

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