Principles of Controlling in English

Cooperation, motivation, productivity - how to boost the results of teamwork

The skills required in becoming a professional controller are more than just those of an accountant. The controller requires knowledge of cross-functional areas and an overview of the tasks needed to exercise fundamental controllership. In this seminar, junior controllers and non-experts get to learn about tasks, definitions and about their role in the context of strategic decision making and the opera-tive implementation of strategies. As a result of this you will be in a position to evaluate and interpret acquired information much more easily.

Content

Introduction to controlling

Purpose and the spectrum of controlling applications.
Introducing, placing and implementing the controlling function within your organisation.

Requirements for a good controller

Necessary competences of controllers.
Ability to provide relevant data for improved decision making in form of a management information system MIS.
The controller’s role as an internal adviser or financial consultant.

Areas of specialisation in controlling

Shared service centers.
Central and decentralised areas of controller service.
Examples of decentralised controllership: marketing & sales controlling, human resources controlling, IT controlling.

Annual financial statements

Income statement.
Balance sheet.
Cash flow statement.
Construction of and differences between reports according to HGB German commercial standards and IFRS. International financial reporting standards.

Ratio analysis and their meaning

Working with key performance indicators
Profitability: ROI, ROCE, revenue margin.
Operative Results: EBIT, EBITDA, cash flow, contribution margin.
Investment calculation: break even point, NPV.
Important indicators and their systems.

Management Accounting

Operative and strategic controlling.
Criteria for an ideal management accounting for decision making.
Cost types, cost centers, product costing.
Break-even analysis, variances analysis.
Budgeting, forecasting, beyond budgeting.
Balanced scorecard.
Receiver-oriented reporting.
Trends in controllership.

Your Benefit

As a seminar participant you
  • receive examples and can exchange experiences instead of just learning pure theory,
  • learn which measures you must take to produce greater cost transparency,
  • can see how to identify the products and services which really bring you profit,
  • learn how to calculate quotes correctly as well being able to measure and make clear the achievements and results in your company,
  • gain a sound understanding of annual reports in order to extract all information needed for optimal decision making and
  • receive a solid basis for a successful career in controlling.

Your Trainer

Matthias Siebold

Methods

Presentations, discussions, case studies, group work.

Who should attend

Junior controllers; professionals and executives who require fundamental knowledge of controlling; professionals from finance and accounting departments who wish to obtain a basic overview of controlling.

Dates, facts and booking information here.