Investment controlling

Financing and investment

• Interaction between capital procurement and capital utilization.
• Determination and interpretation of the weighted average cost of capital (WACC).

Why investment controlling?

• Investment and investment decisions: Objectives in the company.
• Investment controlling as financial process management.

Planning and evaluation of investments

• Roadmap for successful investment controlling.
• Phase model.
• Prioritization of different investment projects.
• Creation of an investment program as a basis for investment decisions.

Instruments for investment evaluation

• Non-monetary methods: portfolio analyses, utility value analyses, etc.
• Monetary methods of investment valuation.
• Static methods: Cost or profit comparison calculations, consideration of profitability and amortization period.
• Dynamic methods: Net present value, internal rate of return, amortization period, etc.
• Consideration of income taxes in the net present value method.

Investment management

• Investment and project management, process organization issues.
• Development of an investment guideline.
• Solving selection or replacement problems during the investment or control phase.

Investment reporting

• Monitoring and reporting before and during the investment phase.

Connection between "value management" (VBM) and investment controlling

• Relationship between economic value added and net present value.
• Relationship between the return on capital employed (ROCE) and the internal rate of return.

Please bring a Windows laptop with Microsoft Office 2010 or higher installed to the training .