Introductory event: Controlling · Controlling -Introductory event Dr. Tanja Lorenz Operative...

M.Sc. André Hoppe

Introductory event: Controlling Winter Term 2018/2019

M.Sc. André Hoppe

2M.Sc. André Hoppe

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. Tanja Breuer

Room 129

Controlling - Introductory event

3M.Sc. André Hoppe

M.Sc. Julia Bacher

Kosten- und Leistungsrechnung(Cost Accounting);

Risikocontrolling

Phone : (0221) 470 – 7726

Fax: (0221) 470 – 5012

E-Mail:

[email protected]

Consultation hour:

Registration required

WISO - Building, 1. floor

Room 112

Organizational – Team


M.Sc. André Hoppe

Operative ControllingStrategic Controlling

Phone : (0221) 470 – 4214

Fax: (0221) 470 – 5012

E-Mail:

[email protected]

Consultation hour:



Room 124

4M.Sc. André Hoppe

Organizational – Team


Dr. Tanja Lorenz

Operative Controlling

Strategic Controlling

Phone : (0221) 470 – 3847

Fax: (0221) 470 – 5012

E-Mail:

[email protected]

Consultation hour:



Room 126

M.Sc. Roman Schick

Value-based Controlling

Strategic Controlling

Förderverein Controlling e.V.

Phone : (0221) 470 – 4452

Fax: (0221) 470 – 5012

E-Mail:

[email protected]

Consultation hour:



Room 127

5

Organizational – Contact

M. Sc. Laurens Lapp


Förderverein Controlling e.V.

Phone : (0221) 470 – 4494

Fax: (0221) 470 – 5012

E-Mail:

[email protected]

Consultation hour:



Room 114

Prof. Dr. Carsten Homburg Controlling - Introductory event

6M.Sc. André Hoppe

Overview of Controlling

Controlling

Risikocontrolling

+ Practitioner

talks

Information

Ausgewählte Fragen

des Controlling

Coordination


Value-based

StrategicOperative

7M.Sc. André Hoppe

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


- Ausgewählte Fragen des Controlling


Credit Points


8M.Sc. André Hoppe

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

Courses offered:

9

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

M.Sc. André Hoppe Controlling - Introductory eventM.Sc. André Hoppe

10

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


11

Structure of the Supplementary Category - Controlling (24 CP)


12M.Sc. André Hoppe

Courses: Winter Term 2018/19


Specialisation Module – Operative and Strategic Controlling

Operative Controlling: Tuesday, 10:00 - 11:30 a.m. in Lecture hall XXIV

(M.Sc. André Hoppe) Wednesday, 10:00 - 11:30 a.m. in Lecture hall XXIII

Start: 09.10.2018 End expected: 21.11.2018

Exercise: Wednesday, 2:00 - 3:30 p.m. in Lecture hall XXIII

(M.Sc. André Hoppe) Start: 10.10.2018 End expected: 21.11.2018

Strategic Controlling: Tuesday, 10:00 - 11:30 a.m. in Lecture hall XXIV

(M.Sc. Roman Schick) Wednesday, 10:00 - 11:30 a.m. in Lecture hall XXIII

Start: 27.11.2018 End expected: 23.01.2019

Exercise: Wednesday, 2:00 - 3:30 p.m. in Lecture hall XXIII

(M.Sc. André Hoppe) Start: 28.11.2018 End expected: 23.01.2019

(M.Sc. Laurens Lapp)



Specialisation Module – Ausgewählte Fragen des Controlling

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

(Prof. Dr. J.-A. Lohr) Start: 15.10.2018 End expected: 28.01.2019

Practitioner talks (in English): Next slide and announcements on our homepage: www.controlling.uni-koeln.de





Date Time Lecture hall Company Topic

29.11.2018 5:45 p.m. – 7:15 p.m. S21 EbnerStolz TBA

tba 5:45 p.m. – 7:15 p.m. S21 KPMG TBA

tba 5:45 p.m. – 7:15 p.m. S21 LANXESS TBA

tba 5:45 p.m. – 7:15 p.m. S21 Horváth & Partners TBA


Schedule of events


Summer Term 2019


Accounting Seminar

Risikocontrolling

Practitioner events

Winter Term 2018/19

Operative and Strategic Controlling

Risikocontrolling

Practitioner events

Ausgewählte

Fragen des

Controlling

Ausgewählte

Fragen des

Controlling


Final exams offered

Winter Term 2018/19

Operative Controlling (EA)

=> Friday, 07.12.2018, 09:00 – 10:00 a.m.

Operative and Strategic Controlling – PO 2015

=> Friday, 08.02.2019, 09:00 – 11:00 a.m.

OR

Operative and Strategic Controlling – PO 2015

=> Monday, 25.03.2019, 09:00 – 11:00 a.m.

Ausgewählte Fragen des Controlling (WT 18/19)

=> Thursday, 11.02.2018, 10:00 – 11:00 a.m.

Summer Term 2019

Value-based Controlling (ST 2019)

Ausgewählte Fragen des Controlling (ST 2019)



Advanced Seminar – Winter Term 2019:

- Allocation of the Advanced Seminar places are organized via KLIPS2 each Semester

(online) http://www.klipsteam.uni-koeln.de/

- Each Chair offers 15 places

- If accepted in KLIPS2, additional registration for seminar at our secretary’s office

Dates:

Topic announcement: Empirical Research in Accounting

Application deadline: See KLIPS2 1st allocation round (“Belegungsphase”)

Assignment to chairs: See KLIPS2 1st allocation round (“Belegungsphase”)

(~ 2 weeks later)

Topic allocation: After assignment and registration at our Chair:

Topic preferences can be named based on a literature

folder



Advanced Seminar – Summer Term 2019:

- Allocation of the Advanced Seminar places are organized via KLIPS2 each Semester

(online) http://www.klipsteam.uni-koeln.de/

- Each Chair offers 15 places

- If accepted in KLIPS2, additional registration for seminar at our secretary’s office

Dates:

Topic announcement: Empirical Research in Accounting

Application deadline: See KLIPS2 1st allocation round (“Belegungsphase”)

Assignment to chairs: See KLIPS2 1st allocation round (“Belegungsphase”)

(~ 2 weeks later)

Topic allocation: After assignment and registration at our Chair:

Topic preferences can be named based on a literature

folder



Writing theses at the Chair for ABWL and Controlling:

Master thesis: (processing time: 6 months)

=> Application at our chair (not via KLIPS2!)

=> There are two application deadlines per year: 1st of October and 1st of April

For more information, please visit our homepage:

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



Foreign credits

- In general: Consultation prior to the exchange semester

- Please submit to Mr. Hoppe:

- Cover letter

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

- Structure and reading list

- Transcript



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



Operative Controlling (2 weekly hours)

Outline:

1. Fundamentals of Controlling

1.1 Controlling in practice

1.2 Controlling – Theoretical concepts

1.3 Professional Ethics

1.4 Interdependencies as the starting point of Controlling

1.5 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

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




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



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)


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



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




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. Risk management

6.1 Introduction

6.2 Risk analysis – Methods

6.3 Risk buffers and limits




7. Cash management

7.1 Introduction

7.2 Liquidity planning

7.3 Management of liquidity fluctuations

7.4 Design cash flows

7.5 Currency risk management

8. The Ohlson Model (1995)

8.1 Assumptions

8.2 Linear time series models

8.3 The linear information model of Ohlson (1995)

8.4 Valuation equation




8.5 Overview of the model

8.6 Application of the Ohlson model

8.7 Conclusion

9. Implementing a value-based strategy

9.1 Practical implementation of value-based strategy

9.2 Discussion of the SVA-approach

9.3 Think outside the box




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



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!



Organizational – Course material (1)


www.ilias.uni-koeln.de

Login to ILIAS

35M.Sc. André Hoppe Controlling - Introductory event

Organizational – Course material (2)

Login via username and password of

your S-Mail-Account

Check www.ilias.uni-koeln.de for

information about the S-Mail-Account

and assistance for registration

36

Organizational – Value-based Controlling in Ilias

You find all materials for both lectures and exercises here:

M.Sc. André Hoppe

Magazin

Veranstaltungen

Wintersemester 2018/19

Wirtschafts- und Sozialwissenschaftliche Fakultät

Fachgruppe Betriebswirtschaftslehre

Accounting and Taxation

(Exercise in) Operative / Strategic Controlling


37

Ilias – Password for all courses

M.Sc. André Hoppe Controlling - Introductory event

• Password:

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


Why should you study Controlling?

• excellent job situation

• ideal focus in combination with e.g. Finance, Corporate Finance, Taxation, Auditing,

Statistics

• ideal complementary field

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

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



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


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 career- and newsletter Controlling in Ilias)

In addition:

• Alumni-Function



Supporters of the Förderverein Controlling


42

Career- und Newsletter Controlling

Registration for the monthly newsletter in Ilias:

contains excellent job offers, trainees, internships, events etc.

also see our bullet-in board for these

http://www.controlling.uni-koeln.de/de/foerderverein-und-stellenangebote/stellenmarkt/

M.Sc. André Hoppe

Magazin

WiSo

BWL

Career- und Newsletter Controlling


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