Management Accounting and Control
- Course B.WIWI-BWL.0035 -
|Offering frequency||every summer semester|
|Type of event||Lecture and exercise|
|Recommended prior knowledge||B.WIWI-BWL.0002 Cost and Management Accounting|
|Type of examination||Written exam (90 min)|
|Prerequisite for participation||none|
|Lecturer||Prof. Dr. Michael Wolff|
|Lecture||Tuesdays, 08:00 - 10:00|
|Exercise||Thursdays, 12:00 - 14:00|
|Exam||Tuesday, the 18.07.23, 8:00 - 10:00|
The lecture is divided into five parts. The first part of the course illustrates the role of control in the company, focusing in particular on its objectives and essential basic functions. Subsequently, in the second chapter, the three levels of planning and controlling are illustrated by presenting the essential characteristics and typical instruments in each case. In the third part of the lecture calculation and price management are deepened, whereby fundamental procedures are presented as for example the profit-optimizing production program planning. Subsequently, in the fourth part, an understanding of strategic cost management is conveyed by means of procedures such as process cost analysis or target costing. Finally, the last chapter discusses how control contributes to quantifying the company's success by means of key figures.
The exercise will illustrate how the controller uses the instruments of corporate management described in the lecture to solve typical problems in control. By means of exemplary application tasks, the computational logic of these instruments will be demonstrated and subsequently interpreted, which implications the results of the underlying procedures have.
- Students should have an understanding of the various corporate management tools and systems and how they interact.
- Students must therefore be able to place exemplary facts in the context of these instruments and be able to interpret them.
- In application tasks it is also required that relevant problems can be analyzed and solved by using the instruments and systems.
- To do this, students must have internalized the computational procedures behind the instruments and be able to apply them.
- In addition, advantages and disadvantages as well as conditions of application must be named or explained and results must be able to be interpreted.