4906571: Controlling

Qualifications

• • Know the responsibilities, functions and methodology of external controlling and reproduce differences from strategic controlling.
  • Understand operative controlling as an opportunity for financial steering of the company, while considering a previously executed indicator analysis in the fields of, liquidity, stability and profitability.
  • Apply viable instruments of operative controlling in cases concerning concrete issues and compile cash-flow statements, income budgets, finance plans and budgeted balance for companies with a forward-thinking approach to its management.
  • Analyze annual accounts of companies by means of selected financial ratios on liquidity, stability and profitability and draw the right conclusion from the analysis of key indicators.
  • Develop proposals for solutions to given problems (e.g. on overcoming liquidity shortfalls, towards debtor management, towards income optimization etc.), respectively based on arising problems on the part of fellow students in the course concerning special areas of controlling (e.g. investment controlling).
  • They are able to demonstrate ongoing control over the financial and liquidity situation of a case and to correct mistakes in the plans immediately.
  • Evaluate instruments of operational controlling on their advantageousness or practicability and can recognize and describe interconnections between accounting and other subjects.
• • Reproduce the basic instruments and techniques of operative controlling.
  • Understand the responsibilities and methodologies of operative controlling, as well as the meaning of subject-specific modes of expression and can reconstruct the underlying situation using the instruments of operative controlling.
  • Apply the most important basic instruments in the field of financial management based on principles of short, medium and long term planning and are able to compile income budgets, current accounts and budgeted balance sheets.
  • Analyze concrete situations for their relevance to controlling, and are able to condense various budgeting techniques for different business divisions ( partial budgets, such as e.g. sales budget, production budget, purchasing and storage budget, personnel budget, overheads budget, investment budget) into one overall budget or, in reverse, to divide the overall budget into partial budgets.
  • Propose, for periodic audits, the necessary control mechanisms from a seasonal and textual view.
  • Evaluate and assess their own work based on subsequent, jointly compiled or given solutions.
• • Understand the oral presentation by the lecturer (input, questions and solutions) and pay attention to the remarks of their fellow students.
  • Operate partly in partner work on solutions to exercises given by the lecturer, as well as in group work in self-study.
  • Assess suggestions for solutions by fellow students, evaluate their own approaches to solutions (ability to criticize).
  • Distinguish themselves through capacity for teamwork, communication skills and cooperation skills.
  • Represent and justify their own approaches to solutions during criticism by the lecturer or fellow students (ability to accept criticism).
• • Perceive their own learning ability and willingness to learn.
  • Communicate independently, reflect on their own behavior and carry out an appropriate self-assessment.
  • Take on responsibility through self-discipline, flexibility and target orientation.
  • Are characterized by their full commitment, duteousness and reliability.
  • Represent their independence and self-motivation and thereby positively influence their determination to be top performers.