Introductory event: Controlling · Kosten- und Leistunsrechnung (Cost accounting) Foreign credits . Phone: (0221) 470 – 1668 Fax: (0221) 470 – 5012 E-Mail: [email protected]

Prof. Dr. Carsten Homburg

Introductory event: Controlling Winter term 2012/13


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: [email protected] 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


Max Berens Kosten- und Leistunsrechnung (Cost accounting) Foreign credits Phone: (0221) 470 – 1668 Fax: (0221) 470 – 5012 E-Mail: [email protected] Consultation hour: Wednesday 16:00 – 17:00 WISO - Building, 1. floor Room 124



Snjezana Deno Technik des betrieblichen Rechnungswesens (book-keeping) Risikocontrolling (Risk-based Controlling) Phone: (0221) 470 – 7726 Fax: (0221) 470 – 5012 E-Mail: [email protected] Consultation hour:

Registration required WISO - Building, 1. floor Room 112


Organizational – Contact 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


Dr. Julia Nasev Value-based Controlling Förderverein Controlling e.V. Phone : (0221) 470 – 6830 Fax: (0221) 470 – 5012 E-Mail: [email protected] Consultation hour: Registration required WISO - Building, 1. floor Room 125


Organizational – Contact Sabine Nentwig Value-based Controlling Förderverein Controlling e.V. Phone : (0221) 470 – 7487 Fax: (0221) 470 – 5012 E-Mail: [email protected] Consultation hour: Registration required WISO - Building, 1. floor Room 113


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

http://www.controlling.uni-koeln.de/index.php?id=278�


Philipp Plank Theses on University Controlling Phone : (0221) 470 – 4577 Fax: (0221) 470 – 5012 E-Mail: [email protected] Consultation hour: Registration required WISO - Building, 1. floor Room 127



Lars Simon Zehnder

Kosten- und Leistunsrechnung (Cost accounting)

Phone : (0221) 470 – 4214 Fax: (0221) 470 – 5012 E-Mail: [email protected] Consultation hour:

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

http://www.controlling.uni-koeln.de/index.php?id=279�


Overview of SBWL Controlling

Controlling

Strategic

Risikocontrolling + Practitioner

events

Information

Ausgewählte Fragen des Controlling

Coordination


Value-based Operative


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



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 )


Credit Points

Courses offered:

10

Structure of the Major Accounting (54 Credit Points)


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

11

Structure of the Minor Accounting (24 Credit Points)


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


12

Structure of the Minor Controlling (24 Credit Points)


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



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



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


15

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



Please check our website for updated information!


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

}


Ausgewählte

Fragen des

Controlling


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)


} At the beginning of April 2013


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


https://wisoanmeldung.uni-koeln.de/�


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





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



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



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)


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. 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



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




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




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




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

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



Organizational – Materials relating to the courses (1)

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

2. Login to ILIAS



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


Organizational – Materials relating to the courses (2)

33

Organizational – Operative and Strategic Controlling in Ilias

You find all materials for both courses and exercises here:


⇒ Magazin

⇒ Veranstaltungen

⇒ Wintersemester 2012/2013

⇒ WiSo-Fakultät

⇒ Betriebswirtschaftslehre

⇒ Accounting and Taxation

⇒ ABWL und Controlling


34

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


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, ...



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



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 newsletter Controlling in Ilias)

In addition:

• Alumni-Function


39

Supporters of the Förderverein Controlling

Prof. Dr. Carsten Homburg Introductory event: Controlling

http://www.bayer.de/�

http://www.lctax.de/�

http://www.ford.de/UeberFord/BerufKarriere�

http://www.hella.com/hella-com/33.html?rdeLocaleAttr=de�

Documents

Introductory event: Controlling · Kosten- und Leistunsrechnung (Cost accounting) Foreign credits . Phone: (0221) 470 – 1668 Fax: (0221) 470 – 5012 E-Mail: [email protected]