Financial Controlling

Description

This textbook provides an introduction to the fundamentals of operational and strategic controlling. It conveys the central tasks and functions that controlling has in the company and shows the challenges that this cross-sectional position entails. In addition, it addresses trends and developments in controlling that will have a significant impact on the work of controllers in the coming years. In addition to the German situation, the Swiss perspective is also taken into account. Short learning units, clearly arranged didactic modules and the accompanying learning control ensure a sustainable transfer of knowledge. The book is thus aimed at all those who deal with questions of controlling in the context of their training and further education (also as a minor subject) as well as in their professional practice. Preface Contents Abbreviations 1 Basics of Financial Controlling 1.1  Tasks of Controllers in Practice 1.2  Theory-Based Derivation of the Tasks of Controlling 1.3  Organization of Controlling 1.3.1  Controlling as a Line or Administrative Department 1.3.2  Hierarchical Classification of Financial Controlling 1.3.3  Central or Decentralised Organisation of Controlling 1.4  Profile of Requirements for Controllers 1.5  Learning Control References 2 The Information Function of Controlling 2.1  Internal and External Accounting as the Basis of Controlling 2.2  Basics of Cost and Performance Accounting 2.2.1  Full Cost Accounting 2.2.2  Marginal Cost Accounting 2.3  Cost Management 2.3.1  Process Cost Accounting 2.3.2  Target Costing 2.4  External Accounting and Controlling 2.5  Preparation of Information on Key Figures and Key Figure Systems 2.5.1  Basics of Key Figures and Key Figure Systems 2.5.2  Success Indicators 2.5.3  Financial Ratios 2.5.4  Liquidity Ratios 2.5.5  The DuPont Analysis 2.5.6  The Balanced Scorecard 2.6  Learning Control References 3 The Steering Function of Controlling 3.1  Concept of Planning 3.2  Functions and Risks of Planning 3.3  Goals as the Basis of Planning 3.3.1  Goal Setting 3.3.2  Empirical Findings on Goal Setting in Companies 3.3.3  Examples of Goals 3.3.3.1  Shareholder Value as a Corporate Goal 3.3.3.2   Stakeholder Value as Corporate Goal 3.3.4  Derivation of the Target Value 3.4  Course of the Planning Process 3.5  Problems with Incentives through Planning 3.5.1  The Problem of Hidden Information 3.5.2  The Weitzmann Schema 3.6  Alternative Planning Approaches 3.7  Learning Control References 4 The Control Function of Controlling 4.1  Basics of the Control Function 4.2  Actual-Plan Comparison and Deviation Analysis 4.3  Control and Result Forecast 4.4  Problem Areas of the Control Function 4.5  Learning Control References 5 Digitization and Controlling 5.1  Terms “digitalization” and “artificial intelligence” 5.2  Digitalization of Controlling 5.3  Controlling of Digitalization 5.4  Learning Control References 6 Trends in Controlling 6.1  Controlling and Sustainability 6.2  Controlling and Risk Management 6.3  Controlling and Compliance 6.4  Learning Control References Tips for Studying and Learning Glossary References