Stage I - Controllers Best Practice

I. Controlling for Successful Corporate Management

• The controller as business partner – understanding the role and necessary competences
• Controlling as management process of defining goals, planning and management control
• Objectives and Key Results (OKR)
• Controller as business partner – understanding of roles and necessary competences
• With contribution margin accounting to the right decision – Why are full costs unsuitable for internal management?
• Break even chart, price volume changes, variance analysis and cost structure
• Future-oriented controlling – successfully leading of variance analysis meetings including firecast and deriving action

II. Important Connections between Management Accounting and Financial Accounting

• Details of profit and loss account, balance sheet and cash flow statement
• Cost summary and cost of sales method
• Differences between German GAAP (HGB) and IFRS
• Holistic thinking and acting in controlling – from vision and strategy to management of operational business
• The ROI-tree for sensitivity analysis and simulation
• Derivation of profit target over the capital costs
• Case study on planning / budgeting
• The ROI-tree as start for driver planning and for sensitivity analysis and simulation
• Derivation of profit target over the capital costs
• Case study on planning and budgeting
  

III. Planning, Budgeting, Variance Analysis and Forecast

• Integration of strategic and operational planning
• Modern budgeting and rolling forecast
• Application of strategic instruments (SWOT, five forces, product portfolio, potential profile, strategic form, business model canvas)
• Cost center planning and variance analysis

IV. Development and Building Blocks of the Controlling System

• The accounting panorama – connections of contribution margin accounting, product costing and cost center accounting
• Calculation and sales price determination on the basis of various practical examples
• Case study on strategic planning

V. Trends and Developments in Controlling

• Overview of controlling trends
• Digitalization and data
• Modern planning
• Future development for controllers
  

You will learn how to construct modern controlling systems (strategy, results, finances) and expand your controlling toolbox. In several case studies, you will practise the application of tools and improve your communication and meeting facilitation skills. Our structured exchange of experiences also provides relevant insights into different industries and strengthens your “out of the box thinking”. You will also learn about the most important digitalization fields of action and receive ideas on how you can promote and accelerate the digital transformation of your organization.