What does Controlling (CON) stand for?
CON stands for much more than one might expect from a first translation with the term controlling. Controlling has the task of supporting company management in its complex planning, steering and controlling tasks. Particularly in a corporate environment characterised by a high degree of dynamism and discontinuity, it requires knowledge of the complex controlling instruments and the ability to use them in accordance with the corporate goals. The topic of digitalisation has a considerable influence on the requirements profile of controlling activities.
What content is taught within the framework of this focus?
In accordance with strategic and operative corporate goals, a distinction is made in the courses between strategic controlling and operative controlling. In the Strategic Controlling module, the focus is on problems of long-term planning, management and control of success potentials. In-depth, comprehensive knowledge is imparted, for example on strategic controlling instruments (e.g. target costing, balanced scorecard and benchmarking) and on selected issues of financial, investment and participation controlling, company valuation, strategic cost management and strategic result, cash flow and balance sheet planning. The increasing importance of the topic of digitalisation is taken into account through an excursus on the influences of artificial intelligence, advanced analytics, the management of disruptive processes or the generation of competitive advantages and new business areas through big data. The contents are predominantly dealt with in a practice-oriented manner through the use of case studies.
The following instruments and methods are taught within the framework of operational controlling: Operational control process, operational goals, operational controlling instruments, variance analyses and controls, ABC and XYZ analysis, decision tree procedures, break-even analysis, make or buy analysis, contribution margin accounting, plan-actual and target-actual comparisons, forecasting, business portfolio and segment analysis, key figure systems, overhead value analysis, zero base budgeting, activity based costing, beyond budgeting, better budgeting, process controlling, project controlling, quality controlling, risk controlling, procurement controlling, personnel controlling and controlling organisation.
What job opportunities are available to graduates of this specialisation?
The specialisation provides a comprehensive theoretical and practical foundation for topics that can be found in controlling departments and in the Business Planning and Development of industrial, commercial and service companies, in management consultancies or in project management.
What are the prerequisites for students?
Prerequisites for successful and entertaining completion of the specialisation in Controlling are, in addition to good basic knowledge of internal and external accounting, a certain affinity for numbers, communication and presentation skills, the ability to familiarise oneself with complex contexts and an interest in independently working out alternative solutions to problems.
What modules are offered to complement the focus point?
Various courses are offered under the Selected Topics module in Controlling, from which you can choose the following:
- SCM selected topics in Supply Chain Management, contents: SAP, Excel, case studies from accounting and controlling (can be recognised as selected topics in Controlling),
- CON Selected topics in controlling, contents: Business Intelligence and Reporting,
- CON Selected topics in controlling, contents: “Audit Go!” (only in the winter semester, can also be recognised as selected topics in Corporate Finance or selected topics in Audit and Accounting).
In addition, the acquired knowledge can be applied and deepened in a Controlling Project (BBA-513 Project).
Contact person: Ulrich Blode Prof. Dr. Andreas Daum Prof. Dr. Detlef Romberger Prof. Dr. Heike Langguth