Prof. Dr. Carsten Homburg

Introductory event: Controlling Winter term 2012/13

Prof. Dr. Carsten Homburg

2 Prof. Dr. Carsten Homburg

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: controlling@wiso.uni-koeln.de Internet: http://www.controlling.uni-koeln.de Consultation hour: Registration required WISO – Building, 1. floor Secretariat Mrs. Elisabeth Tokarski-Eich Room 129

Introductory event: Controlling

3 Prof. Dr. Carsten Homburg

Max Berens Kosten- und Leistunsrechnung (Cost accounting) Foreign credits Phone: (0221) 470 – 1668 Fax: (0221) 470 – 5012 E-Mail: max.berens@wiso.uni-koeln.de Consultation hour: Wednesday 16:00 – 17:00 WISO - Building, 1. floor Room 124

Organizational – Contact

Introductory event: Controlling

Snjezana Deno Technik des betrieblichen Rechnungswesens (book-keeping) Risikocontrolling (Risk-based Controlling) Phone: (0221) 470 – 7726 Fax: (0221) 470 – 5012 E-Mail: deno@wiso.uni-koeln.de Consultation hour:

Registration required WISO - Building, 1. floor Room 112

4 Prof. Dr. Carsten Homburg

Organizational – Contact Tanja Klettke Operative Controlling Strategic Controlling Phone : (0221) 470 – 3847 Fax: (0221) 470 – 5012 E-Mail: klettke@wiso.uni-koeln.de Consultation hour: Registration required WISO - Building, 1. floor Room 126

Introductory event: Controlling

Dr. Julia Nasev Value-based Controlling Förderverein Controlling e.V. Phone : (0221) 470 – 6830 Fax: (0221) 470 – 5012 E-Mail: nasev@wiso.uni-koeln.de Consultation hour: Registration required WISO - Building, 1. floor Room 125

5 Prof. Dr. Carsten Homburg

Organizational – Contact Sabine Nentwig Value-based Controlling Förderverein Controlling e.V. Phone : (0221) 470 – 7487 Fax: (0221) 470 – 5012 E-Mail: nentwig@wiso.uni-koeln.de Consultation hour: Registration required WISO - Building, 1. floor Room 113

Introductory event: Controlling

Dominik Nußmann Operative Controlling Strategic Controlling Phone : (0221) 470 – 4494 Fax: (0221) 470 – 5012 E-Mail: nussmann@wiso.uni-koeln.de Consultation hour: Registration required WISO - Building, 1. floor Room 114

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Philipp Plank Theses on University Controlling Phone : (0221) 470 – 4577 Fax: (0221) 470 – 5012 E-Mail: plank@wiso.uni-koeln.de Consultation hour: Registration required WISO - Building, 1. floor Room 127

Organizational – Contact

Introductory event: Controlling

Lars Simon Zehnder

Kosten- und Leistunsrechnung (Cost accounting)

Phone : (0221) 470 – 4214 Fax: (0221) 470 – 5012 E-Mail: zehnder@wiso.uni-koeln.de Consultation hour:

Tuesday 10:00 – 11:00 WISO - Building, 1. floor Room 124

7 Prof. Dr. Carsten Homburg

Overview of SBWL Controlling

Controlling

Strategic

Risikocontrolling + Practitioner

events

Information

Ausgewählte Fragen des Controlling

Coordination

Introductory event: Controlling

Value-based Operative

8 Prof. Dr. Carsten Homburg

Structur of SBWL Controlling (I)

Courses offered: Compulsory courses (18 CP): - Operative Controlling + Exercise (2+2 weekly hours = 6 CP) - Strategic Controlling + Exercise (2+2 weekly hours = 6 CP) - Value-based Controlling + Exercise (2+2 weekly hours = 6 CP)

Credit Points

Introductory event: Controlling

9 Prof. Dr. Carsten Homburg

Structur of SBWL Controlling (II)

Optional courses (6 CP) of our Chair: - Ausgewählte Fragen des Controlling ( 2+2 weekly hours = 6 CP ) Optional courses (6 CP) from other Chairs: - Empirical Finance + Exercise ( 2+2 weekly hours = 6 CP ) - Econometrics + Exercise ( 2+2 weekly hours = 6 CP ) - Linear Models + Exercise ( 2+2 weekly hours = 6 CP ) - Causal Analysis + Exercise ( 2+2 weekly hours = 6 CP ) - Quantitative Methods in Risk Management + Exercise ( 2+2 weekly hours = 6 CP )

Introductory event: Controlling

Credit Points

Courses offered:

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Structure of the Major Accounting (54 Credit Points)

Prof. Dr. Carsten Homburg

Module Turnus Credit Points Required CP

Basics of Controlling Operative Controlling WT 6 CP

min. 6 CP Strategic Controlling WT 6 CP

Grundlagen Steuerlehre Betriebswirtschaftliche Steuerlehre I WT 6 CP

min. 6 CP Betriebswirtschaftliche Steuerlehre II ST 6 CP

Grundlagen Wirtschaftsprüfung

Internationale Rechnungslegung ST 6 CP min. 6 CP

Unternehmensbewertung WT 6 CP

Advanced Seminar

Advanced Seminar Betriesbwirtschaftliche Steuerlehre WT/ST 6 CP

min. 6 CP max. 12 CP Advanced Seminar Controlling WT/ST 6 CP

Advanced Seminar Externe Rechnungslegung und Wirtschaftsprüfung WT/ST 6 CP

Weiterführende Veranstaltungen

(Advanced Courses)

Ausgewählte Fragestellungen der Betriebswirtschaftlichen Steuerlehre I WT/ST 6 CP

max. 18 CP

Ausgewählte Fragestellungen der Betriebswirtschaftlichen Steuerlehre II WT/ST 6 CP

Value-based Controlling ST 6 CP

Ausgewählte Fragen des Controlling WT/ST 6 CP

Ausgewählte Fragestellungen der Rechnungslegung und Wirtschaftsprüfung I WT 6 CP

Ausgewählte Fragestellungen der Rechnungslegung und Wirtschaftsprüfung II ST 6 CP

Veranstaltungen aus anderen Bereichen

(Courses of related areas)

Linear Models WT 6 CP

max. 12 CP

Causal Analysis ST 6 CP

Risikomanagement in Banken WT 6 CP

Institutionenökonomik ST 6 CP

Empirical Finance ST 6 CP

Econometrics WT 6 CP

Quantitative Methods in Risk Management WT 6 CP

Rechnungswesen und Prüfung von Versicherungsunternehmen WT/ST 6 CP

Introductory event: Controlling Prof. Dr. Carsten Homburg

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Structure of the Minor Accounting (24 Credit Points)

Prof. Dr. Carsten Homburg

Module Turnus Credit Points

Required CP

Basics of Controlling

Operative Controlling WT 6 CP min. 6 CP Strategic Controlling WT 6 CP

Grundlagen Steuerlehre

Betriebswirtschaftliche Steuerlehre I WT 6 CP min. 6 CP Betriebswirtschaftliche Steuerlehre II ST 6 CP

Grundlagen Wirtschaftsprüfung

Internationale Rechnungslegung ST 6 CP min. 6 CP Unternehmensbewertung WT 6 CP

Advanced Seminar

Advanced Seminar Betriebswirtschaftliche Steuerlehre WT/ST 6 CP

max. 6 CP

Advanced Seminar Controlling WT/ST 6 CP

Advanced Seminar Externe Rechnungslegung und Wirtschaftsprüfung

WT/ST 6 CP

Introductory event: Controlling Prof. Dr. Carsten Homburg

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Structure of the Minor Controlling (24 Credit Points)

Prof. Dr. Carsten Homburg

Module Turnus Credit Points

Required CP

Courses of the Chair of ABWL and Controlling

Operative Controlling WS 6 CP

min. 18 CP

Strategic Controlling WS 6 CP

Value-based Controlling SS 6 CP

Selected questions of Controlling WS/SS 6 CP

Advanced Seminar Controlling WS/SS 6 CP

Courses of related areas

Empirical Finance SS 6 CP

max. 6 CP

Econometics WS 6 CP

Causal Analysis SS 6 CP

Quantitative Methods in Risk Management WS 6 CP

Linear Models WS 6 CP

Introductory event: Controlling Prof. Dr. Carsten Homburg

13 Prof. Dr. Carsten Homburg

Courses: Winter 2012/13 Operative Controlling: Tuesday 8:00 – 9:30 in Lecture hall XXIII (Prof. Dr. Carsten Homburg) Wednesday 8:00 – 9:30 in Lecture hall XXIII 1. Term: Start: 09.10.2012 End: 29.11.2012 Exercise: Thursday 16:00 - 17:30 in Lecture hall XXV Strategic Controlling: Tuesday 8:00 – 9:30 Uhr in Lecture hall XXIII (Prof. Dr. Carsten Homburg) Wednesday 8:00 – 9:30 Uhr in Lecture hall XXIII 2. Term: Start: 04.12.2012 End: 30.01.2013 Exercise: Thursday 16:00 – 17:30 in Lecture hall XXV Ausgewählte Fragen des Controlling: Monday 16:00 – 17:30 in Lecture hall XXV ( Prof. Dr. J.-A. Lohr ) Start: 15.10.2012 End: 28.01.2013

Introductory event: Controlling

14 Prof. Dr. Carsten Homburg

Optional courses (6 CP) of our Chair:

Ausgewählte Fragen des Controlling:

– Lecture: Risikocontrolling – Practitioner events

Practitioner events in Winter 2012/13: next slide and announcements on our website: www.controlling.uni-koeln.de

Introductory event: Controlling

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Practitioner events in Winter 2012/13 (German/English):

Date Time Lecture hall Company Topic

25.10.2012 17:45 – 19:15 S11 (Seminargebäude) Tchibo TBA

22.11.2012 17:45 – 19:15 S11 (Seminargebäude) Bayer Working Capital Management @ Bayer

10.01.2013 17:45 – 19:15 S11 (Seminargebäude) KPMG TBA

17.01.2013 17:45 – 19:15 S11 (Seminargebäude) Hella TBA

Prof. Dr. Carsten Homburg

Introductory event: Controlling

Please check our website for updated information!

16 Prof. Dr. Carsten Homburg

Schedule of events

Summer term 2013 Value-based Controlling (2+2) Advanced Seminar (2) Risikocontrolling (2+1) Practitioner events (1)

Winter term 2012/13 Operative Controlling (2+2) Strategic Controlling (2+2) Advanced Seminar (2) Risikocontrolling (2+1) Practitioner events (1)

} Ausgewählte

Fragen des

Controlling

}

Introductory event: Controlling

Ausgewählte

Fragen des

Controlling

17 Prof. Dr. Carsten Homburg

Final exams offered Winter term 2012/13 Operative Controlling (WT 12/13) => Thursday, 20.12.2012, 12:15 – 13:15 Strategic Controlling (WT 12/13) => Thursday, 31.01.2013, 12:15 – 13:15 Ausgewählte Fragen des Controlling (WT 12/13) => Wednesday, 06.02.2013, 10:00 – 11:00 Value-based Controlling (ST 2012) => Friday, 11.01.2013, 14:00 – 15:00

Summer term 2013 Value-based Controlling (ST 2013) Ausgewählte Fragen des Controlling (ST 2013) Operative Controlling (WT 12/13) Strategic Controlling (WT12/13)

Introductory event: Controlling

} At the beginning of April 2013

18 Prof. Dr. Carsten Homburg

Advanced Seminar - Summer 2013:

- Allocation of the Advanced Seminar places are centrally organized once per semester (online) https://wisoanmeldung.uni-koeln.de/ - Each Chair offers 30 places - Each applicant can name preferences - Assignment of places along the chain stated preferences Dates: Topic announcement: 06.12.2012 Application deadline: 11.01.2013 Assignment to chairs: 24.01.2013 Sub-topic allocation: After assignment to our Chair: Sub-topic preferences can be named based on a literature folder

Introductory event: Controlling

19 Prof. Dr. Carsten Homburg

Expiration of a thesis at the Chair for ABWL and Controlling:

1. Empirical diploma thesis / master thesis: (processing time: 6 month) => Assignment after consultation with the chair at any time 2. 4-month-diploma thesis are allocated centrally: - Allocation is centrally organized twice per semester (online): https://wisoanmeldung.uni-koeln.de/ - Assignment among the Chairs using the preference information

Next date:

Announcement: 07.12.2012

Application deadline: 04.01.2013

Assignment to chair: 14.01.2013 Introductory event: Controlling

20 Prof. Dr. Carsten Homburg

Foreign credits

- In general: Consultation prior to the exchange semester - Please submit to Mr. Berens:

- Cover letter - Course description (incl.: Credit Points & weekly hours) - Structure and reading list - Transcript

Introductory event: Controlling

21 Prof. Dr. Carsten Homburg

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

Introductory event: Controlling

22 Prof. Dr. Carsten Homburg

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

Introductory event: Controlling

Operative Controlling (2 weekly hours)

23 Prof. Dr. Carsten Homburg

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

Introductory event: Controlling

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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

Introductory event: Controlling

Strategic Controlling (2 weekly hours)

25 Prof. Dr. Carsten Homburg

Value-based Controlling (2 weekly hours)

Outline:

1. Introductory considerations and principles 1.1 Motivation

1.2 Shareholder and other Stakeholder

1.3 Accounting and financial key performance indicators (KPI)

1.4 Shortcomings of traditional performance measures

2. Impact of capital structure on firm value 2.1 Irrelevance of capital structure

2.2 The leverage effect

2.3 Relevance of capital structure with taxes

Introductory event: Controlling

26 Prof. Dr. Carsten Homburg

3. The shareholder value approach

3.1 Basic considerations

3.2 Importance of capital costs

3.3 The residual value

3.4 Summarizing example to calculate SV

3.5 The concept of shareholder value added (SVA)

3.6 Critical margin

4. Discounted cash flow methods

4.1 Overview

4.2 Entity methods

4.3 Equity methods (FTE - method)

4.4 Business valuation and bankruptcy risk

4.5 Summary

Introductory event: Controlling

Value-based Controlling (2 weekly hours)

27 Prof. Dr. Carsten Homburg

5. Value indicators

5.1 The residual income concept

5.2 Cash flow – oriented value added indicators

6. Implementing a value-oriented strategy

6.1 Strategy formulation

6.2 Strategy review

6.3 Other issues on the corporate level

6.4 Case studies

6.5 Basic principles of the SV approach

Introductory event: Controlling

Value-based Controlling (2 weekly hours)

28 Prof. Dr. Carsten Homburg

7. The Ohlson Modell (1995)

7.1 Assumptions

7.2 Linear time series models

7.3 The linear information model of Ohlson (1995)

7.4 The valuation equation

7.5 Overview of the model

7.6 Application of the Ohlson model

7.7 Conclusion

Introductory event: Controlling

Value-based Controlling (2 weekly hours)

29 Prof. Dr. Carsten Homburg

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

Introductory event: Controlling

30 Prof. Dr. Carsten Homburg

Literature:

Literature folder relating to the courses

– Operative Controlling – Strategic Controlling – Value-based Controlling – Ausgewählte Fragen des Controlling

are available at the secretariat for copying. Loan against deposit of the student ID

Introductory event: Controlling

31 Prof. Dr. Carsten Homburg

Organizational – Materials relating to the courses (1)

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

2. Login to ILIAS

Introductory event: Controlling

32 Prof. Dr. Carsten Homburg

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 S-Mail- Account

• Assistance for registration

Introductory event: Controlling

Organizational – Materials relating to the courses (2)

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Organizational – Operative and Strategic Controlling in Ilias

You find all materials for both courses and exercises here:

Prof. Dr. Carsten Homburg

⇒ Magazin

⇒ Veranstaltungen

⇒ Wintersemester 2012/2013

⇒ WiSo-Fakultät

⇒ Betriebswirtschaftslehre

⇒ Accounting and Taxation

⇒ ABWL und Controlling

Introductory event: Controlling

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Ilias – Password for all courses

• Password:

Please check your e-mails on ILIAS regularly for important course information!

Prof. Dr. Carsten Homburg Introductory event: Controlling

35 Prof. Dr. Carsten Homburg

Why Controlling?

- excellent job situation - ideal focus e.g. in combination with Betriebswirtschaftlicher Finanzierungslehre, Corporate Finance, Steuerlehre, Wirtschaftsprüfung, Statistik - ideal complement field ⇒ costs are important in all operational and managerial functions, e.g. Human Resource (HR) controlling, Marketing controlling, Production controlling, Logistics controlling, ...

Introductory event: Controlling

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What do we expect from our students?

- high commitment and motivation - participation in lectures and exercises - analytical thinking - willingness for the formal analysis of problems

Introductory event: Controlling

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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

Introductory event: Controlling

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Förderverein Controlling at the University of Cologne

Promotion of:

• Active participation in international scientific conferences

• Research projects and workshops in the area of Controlling

Exchange between theory and practice:

• Presentation by institutional staff members on current issues in Controlling

• Discussion forums for practitioners, students and staff on current problems in Controlling

• Placement of internships and thesis topics

• Jobs in Controlling (Registration for the newsletter Controlling in Ilias)

In addition:

• Alumni-Function

Introductory event: Controlling

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Supporters of the Förderverein Controlling

Prof. Dr. Carsten Homburg Introductory event: Controlling