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Introductory event: Controlling · Kosten- und Leistunsrechnung (Cost accounting) Foreign credits . Phone: (0221) 470 – 1668 Fax: (0221) 470 – 5012 E-Mail: [email protected]

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  • Prof. Dr. Carsten Homburg

    Introductory event: Controlling Winter term 2012/13

    Prof. Dr. Carsten Homburg

  • 2 Prof. Dr. Carsten Homburg

    Organizational – Contact

    Prof. Dr. Carsten Homburg Seminar für ABWL und Controlling Universität zu Köln Albertus-Magnus-Platz 50923 Köln Phone: (0221) 470 – 4451 Fax: (0221) 470 – 5012 E-Mail: [email protected] Internet: http://www.controlling.uni-koeln.de Consultation hour: Registration required WISO – Building, 1. floor Secretariat Mrs. Elisabeth Tokarski-Eich Room 129

    Introductory event: Controlling

  • 3 Prof. Dr. Carsten Homburg

    Max Berens Kosten- und Leistunsrechnung (Cost accounting) Foreign credits Phone: (0221) 470 – 1668 Fax: (0221) 470 – 5012 E-Mail: [email protected] Consultation hour: Wednesday 16:00 – 17:00 WISO - Building, 1. floor Room 124

    Organizational – Contact

    Introductory event: Controlling

    Snjezana Deno Technik des betrieblichen Rechnungswesens (book-keeping) Risikocontrolling (Risk-based Controlling) Phone: (0221) 470 – 7726 Fax: (0221) 470 – 5012 E-Mail: [email protected] Consultation hour:

    Registration required WISO - Building, 1. floor Room 112

  • 4 Prof. Dr. Carsten Homburg

    Organizational – Contact Tanja Klettke Operative Controlling Strategic Controlling Phone : (0221) 470 – 3847 Fax: (0221) 470 – 5012 E-Mail: [email protected] Consultation hour: Registration required WISO - Building, 1. floor Room 126

    Introductory event: Controlling

    Dr. Julia Nasev Value-based Controlling Förderverein Controlling e.V. Phone : (0221) 470 – 6830 Fax: (0221) 470 – 5012 E-Mail: [email protected] Consultation hour: Registration required WISO - Building, 1. floor Room 125

  • 5 Prof. Dr. Carsten Homburg

    Organizational – Contact Sabine Nentwig Value-based Controlling Förderverein Controlling e.V. Phone : (0221) 470 – 7487 Fax: (0221) 470 – 5012 E-Mail: [email protected] Consultation hour: Registration required WISO - Building, 1. floor Room 113

    Introductory event: Controlling

    Dominik Nußmann Operative Controlling Strategic Controlling Phone : (0221) 470 – 4494 Fax: (0221) 470 – 5012 E-Mail: [email protected] Consultation hour: Registration required WISO - Building, 1. floor Room 114

    http://www.controlling.uni-koeln.de/index.php?id=278�

  • 6 Prof. Dr. Carsten Homburg

    Philipp Plank Theses on University Controlling Phone : (0221) 470 – 4577 Fax: (0221) 470 – 5012 E-Mail: [email protected] Consultation hour: Registration required WISO - Building, 1. floor Room 127

    Organizational – Contact

    Introductory event: Controlling

    Lars Simon Zehnder

    Kosten- und Leistunsrechnung (Cost accounting)

    Phone : (0221) 470 – 4214 Fax: (0221) 470 – 5012 E-Mail: [email protected] Consultation hour:

    Tuesday 10:00 – 11:00 WISO - Building, 1. floor Room 124

    http://www.controlling.uni-koeln.de/index.php?id=279�

  • 7 Prof. Dr. Carsten Homburg

    Overview of SBWL Controlling

    Controlling

    Strategic

    Risikocontrolling + Practitioner

    events

    Information

    Ausgewählte Fragen des Controlling

    Coordination

    Introductory event: Controlling

    Value-based Operative

  • 8 Prof. Dr. Carsten Homburg

    Structur of SBWL Controlling (I)

    Courses offered: Compulsory courses (18 CP): - Operative Controlling + Exercise (2+2 weekly hours = 6 CP) - Strategic Controlling + Exercise (2+2 weekly hours = 6 CP) - Value-based Controlling + Exercise (2+2 weekly hours = 6 CP)

    Credit Points

    Introductory event: Controlling

  • 9 Prof. Dr. Carsten Homburg

    Structur of SBWL Controlling (II)

    Optional courses (6 CP) of our Chair: - Ausgewählte Fragen des Controlling ( 2+2 weekly hours = 6 CP ) Optional courses (6 CP) from other Chairs: - Empirical Finance + Exercise ( 2+2 weekly hours = 6 CP ) - Econometrics + Exercise ( 2+2 weekly hours = 6 CP ) - Linear Models + Exercise ( 2+2 weekly hours = 6 CP ) - Causal Analysis + Exercise ( 2+2 weekly hours = 6 CP ) - Quantitative Methods in Risk Management + Exercise ( 2+2 weekly hours = 6 CP )

    Introductory event: Controlling

    Credit Points

    Courses offered:

  • 10

    Structure of the Major Accounting (54 Credit Points)

    Prof. Dr. Carsten Homburg

    Module Turnus Credit Points Required CP

    Basics of Controlling Operative Controlling WT 6 CP

    min. 6 CP Strategic Controlling WT 6 CP

    Grundlagen Steuerlehre Betriebswirtschaftliche Steuerlehre I WT 6 CP

    min. 6 CP Betriebswirtschaftliche Steuerlehre II ST 6 CP

    Grundlagen Wirtschaftsprüfung

    Internationale Rechnungslegung ST 6 CP min. 6 CP

    Unternehmensbewertung WT 6 CP

    Advanced Seminar

    Advanced Seminar Betriesbwirtschaftliche Steuerlehre WT/ST 6 CP

    min. 6 CP max. 12 CP Advanced Seminar Controlling WT/ST 6 CP

    Advanced Seminar Externe Rechnungslegung und Wirtschaftsprüfung WT/ST 6 CP

    Weiterführende Veranstaltungen

    (Advanced Courses)

    Ausgewählte Fragestellungen der Betriebswirtschaftlichen Steuerlehre I WT/ST 6 CP

    max. 18 CP

    Ausgewählte Fragestellungen der Betriebswirtschaftlichen Steuerlehre II WT/ST 6 CP

    Value-based Controlling ST 6 CP

    Ausgewählte Fragen des Controlling WT/ST 6 CP

    Ausgewählte Fragestellungen der Rechnungslegung und Wirtschaftsprüfung I WT 6 CP

    Ausgewählte Fragestellungen der Rechnungslegung und Wirtschaftsprüfung II ST 6 CP

    Veranstaltungen aus anderen Bereichen

    (Courses of related areas)

    Linear Models WT 6 CP

    max. 12 CP

    Causal Analysis ST 6 CP

    Risikomanagement in Banken WT 6 CP

    Institutionenökonomik ST 6 CP

    Empirical Finance ST 6 CP

    Econometrics WT 6 CP

    Quantitative Methods in Risk Management WT 6 CP

    Rechnungswesen und Prüfung von Versicherungsunternehmen WT/ST 6 CP

    Introductory event: Controlling Prof. Dr. Carsten Homburg

  • 11

    Structure of the Minor Accounting (24 Credit Points)

    Prof. Dr. Carsten Homburg

    Module Turnus Credit Points Required

    CP

    Basics of Controlling

    Operative Controlling WT 6 CP min. 6 CP Strategic Controlling WT 6 CP

    Grundlagen Steuerlehre

    Betriebswirtschaftliche Steuerlehre I WT 6 CP min. 6 CP Betriebswirtschaftliche Steuerlehre II ST 6 CP

    Grundlagen Wirtschaftsprüfung

    Internationale Rechnungslegung ST 6 CP min. 6 CP Unternehmensbewertung WT 6 CP

    Advanced Seminar

    Advanced Seminar Betriebswirtschaftliche Steuerlehre WT/ST 6 CP

    max. 6 CP

    Advanced Seminar Controlling WT/ST 6 CP

    Advanced Seminar Externe Rechnungslegung und Wirtschaftsprüfung

    WT/ST 6 CP

    Introductory event: Controlling Prof. Dr. Carsten Homburg

  • 12

    Structure of the Minor Controlling (24 Credit Points)

    Prof. Dr. Carsten Homburg

    Module Turnus Credit Points

    Required CP

    Courses of the Chair of ABWL and Controlling

    Operative Controlling WS 6 CP

    min. 18 CP

    Strategic Controlling WS 6 CP

    Value-based Controlling SS 6 CP

    Selected questions of Controlling WS/SS 6 CP

    Advanced Seminar Controlling WS/SS 6 CP

    Courses of related areas

    Empirical Finance SS 6 CP

    max. 6 CP

    Econometics WS 6 CP

    Causal Analysis SS 6 CP

    Quantitative Methods in Risk Management WS 6 CP

    Linear Models WS 6 CP

    Introductory event: Controlling Prof. Dr. Carsten Homburg

  • 13 Prof. Dr. Carsten Homburg

    Courses: Winter 2012/13 Operative Controlling: Tuesday 8:00 – 9:30 in Lecture hall XXIII (Prof. Dr. Carsten Homburg) Wednesday 8:00 – 9:30 in Lecture hall XXIII 1. Term: Start: 09.10.2012 End: 29.11.2012 Exercise: Thursday 16:00 - 17:30 in Lecture hall XXV Strategic Controlling: Tuesday 8:00 – 9:30 Uhr in Lecture hall XXIII (Prof. Dr. Carsten Homburg) Wednesday 8:00 – 9:30 Uhr in Lecture hall XXIII 2. Term: Start: 04.12.2012 End: 30.01.2013 Exercise: Thursday 16:00 – 17:30 in Lecture hall XXV Ausgewählte Fragen des Controlling: Monday 16:00 – 17:30 in Lecture hall XXV ( Prof. Dr. J.-A. Lohr ) Start: 15.10.2012 End: 28.01.2013

    Introductory event: Controlling

  • 14 Prof. Dr. Carsten Homburg

    Optional courses (6 CP) of our Chair:

    Ausgewählte Fragen des Controlling:

    – Lecture: Risikocontrolling – Practitioner events

    Practitioner events in Winter 2012/13: next slide and announcements on our website: www.controlling.uni-koeln.de

    Introductory event: Controlling

  • 15

    Practitioner events in Winter 2012/13 (German/English):

    Date Time Lecture hall Company Topic

    25.10.2012 17:45 – 19:15 S11 (Seminargebäude) Tchibo TBA

    22.11.2012 17:45 – 19:15 S11 (Seminargebäude) Bayer Working Capital Management @ Bayer

    10.01.2013 17:45 – 19:15 S11 (Seminargebäude) KPMG TBA

    17.01.2013 17:45 – 19:15 S11 (Seminargebäude) Hella TBA

    Prof. Dr. Carsten Homburg

    Introductory event: Controlling

    Please check our website for updated information!

  • 16 Prof. Dr. Carsten Homburg

    Schedule of events

    Summer term 2013 Value-based Controlling (2+2) Advanced Seminar (2) Risikocontrolling (2+1) Practitioner events (1)

    Winter term 2012/13 Operative Controlling (2+2) Strategic Controlling (2+2) Advanced Seminar (2) Risikocontrolling (2+1) Practitioner events (1)

    } Ausgewählte Fragen des Controlling

    }

    Introductory event: Controlling

    Ausgewählte

    Fragen des

    Controlling

  • 17 Prof. Dr. Carsten Homburg

    Final exams offered Winter term 2012/13 Operative Controlling (WT 12/13) => Thursday, 20.12.2012, 12:15 – 13:15 Strategic Controlling (WT 12/13) => Thursday, 31.01.2013, 12:15 – 13:15 Ausgewählte Fragen des Controlling (WT 12/13) => Wednesday, 06.02.2013, 10:00 – 11:00 Value-based Controlling (ST 2012) => Friday, 11.01.2013, 14:00 – 15:00

    Summer term 2013 Value-based Controlling (ST 2013) Ausgewählte Fragen des Controlling (ST 2013) Operative Controlling (WT 12/13) Strategic Controlling (WT12/13)

    Introductory event: Controlling

    } At the beginning of April 2013

  • 18 Prof. Dr. Carsten Homburg

    Advanced Seminar - Summer 2013:

    - Allocation of the Advanced Seminar places are centrally organized once per semester (online) https://wisoanmeldung.uni-koeln.de/ - Each Chair offers 30 places - Each applicant can name preferences - Assignment of places along the chain stated preferences Dates: Topic announcement: 06.12.2012 Application deadline: 11.01.2013 Assignment to chairs: 24.01.2013 Sub-topic allocation: After assignment to our Chair: Sub-topic preferences can be named based on a literature folder

    Introductory event: Controlling

    https://wisoanmeldung.uni-koeln.de/�

  • 19 Prof. Dr. Carsten Homburg

    Expiration of a thesis at the Chair for ABWL and Controlling:

    1. Empirical diploma thesis / master thesis: (processing time: 6 month) => Assignment after consultation with the chair at any time 2. 4-month-diploma thesis are allocated centrally: - Allocation is centrally organized twice per semester (online): https://wisoanmeldung.uni-koeln.de/ - Assignment among the Chairs using the preference information

    Next date:

    Announcement: 07.12.2012

    Application deadline: 04.01.2013

    Assignment to chair: 14.01.2013 Introductory event: Controlling

    https://wisoanmeldung.uni-koeln.de/�https://wisoanmeldung.uni-koeln.de/�https://wisoanmeldung.uni-koeln.de/�

  • 20 Prof. Dr. Carsten Homburg

    Foreign credits

    - In general: Consultation prior to the exchange semester - Please submit to Mr. Berens:

    - Cover letter - Course description (incl.: Credit Points & weekly hours) - Structure and reading list - Transcript

    Introductory event: Controlling

  • 21 Prof. Dr. Carsten Homburg

    Operative Controlling (2 weekly hours)

    Outline:

    1. Fundamentals of Controlling 1.1 Controlling in practice

    1.2 Controlling – theoretical concepts

    1.3 Interdependencies as the starting point of Controlling

    1.4 Summary

    2. Theory, concepts und methods for the foundation of Controlling 2.1 Cost accounting

    2.2 Variance analysis and cost control

    2.3 Investment analysis

    2.4 Linear programming using the example of production planning

    Introductory event: Controlling

  • 22 Prof. Dr. Carsten Homburg

    2.5 Dynamic programming (decision tree analysis)

    2.6 The concept of information value

    2.7 Agency - Theory

    3. Controlling instruments 3.1 Key Performance Indicators

    3.2 Budgets and targets

    3.3 Transfer Pricing

    3.4 Overhead cost allocation

    3.5 Incentives

    4. Conclusion

    Introductory event: Controlling

    Operative Controlling (2 weekly hours)

  • 23 Prof. Dr. Carsten Homburg

    Strategic Controlling (2 weekly hours)

    Outline:

    1. Introduction to Strategic Controlling 1.1 Need for a Strategic Controlling (cost management)

    1.2 Cost management vs. traditional cost accounting

    1.3 Proactive vs. reactive cost management

    1.4 Overview of the course contents

    2. Traditional tools of cost management 2.1 The investment theoretical approach to cost accounting

    2.2 Break-even analysis

    2.3 Learning curve

    Introductory event: Controlling

  • 24 Prof. Dr. Carsten Homburg

    3. Modern tools of cost management 3.1 Life cycle costing

    3.2 Target Costing

    3.3 Activity - based costing (ABC)

    4. Benchmarking

    4.1 Foundations of Benchmarking

    4.2 Benchmarking with Data Envelopment Analysis

    Introductory event: Controlling

    Strategic Controlling (2 weekly hours)

  • 25 Prof. Dr. Carsten Homburg

    Value-based Controlling (2 weekly hours)

    Outline:

    1. Introductory considerations and principles 1.1 Motivation

    1.2 Shareholder and other Stakeholder

    1.3 Accounting and financial key performance indicators (KPI)

    1.4 Shortcomings of traditional performance measures

    2. Impact of capital structure on firm value 2.1 Irrelevance of capital structure

    2.2 The leverage effect

    2.3 Relevance of capital structure with taxes

    Introductory event: Controlling

  • 26 Prof. Dr. Carsten Homburg

    3. The shareholder value approach

    3.1 Basic considerations 3.2 Importance of capital costs

    3.3 The residual value

    3.4 Summarizing example to calculate SV

    3.5 The concept of shareholder value added (SVA)

    3.6 Critical margin

    4. Discounted cash flow methods

    4.1 Overview 4.2 Entity methods

    4.3 Equity methods (FTE - method)

    4.4 Business valuation and bankruptcy risk

    4.5 Summary

    Introductory event: Controlling

    Value-based Controlling (2 weekly hours)

  • 27 Prof. Dr. Carsten Homburg

    5. Value indicators

    5.1 The residual income concept 5.2 Cash flow – oriented value added indicators

    6. Implementing a value-oriented strategy

    6.1 Strategy formulation 6.2 Strategy review

    6.3 Other issues on the corporate level

    6.4 Case studies

    6.5 Basic principles of the SV approach

    Introductory event: Controlling

    Value-based Controlling (2 weekly hours)

  • 28 Prof. Dr. Carsten Homburg

    7. The Ohlson Modell (1995)

    7.1 Assumptions

    7.2 Linear time series models

    7.3 The linear information model of Ohlson (1995)

    7.4 The valuation equation

    7.5 Overview of the model

    7.6 Application of the Ohlson model

    7.7 Conclusion

    Introductory event: Controlling

    Value-based Controlling (2 weekly hours)

  • 29 Prof. Dr. Carsten Homburg

    Risikocontrolling (2 weekly hours) Outline:

    ⇒ External lecturer: WP StB Prof. Dr. J.-A. Lohr

    1. Einführung und gesetzliche Grundlagen 2. Aufbau und Durchführung eines Risikofrüherkennungssystems 3. Aufbau eines Risikomanagementsystems 4. Risikomanagementsysteme bei WP-Gesellschaften 5. Compliance 6. Deutscher Corporate Governance Kodex 7. Prüfung des Risikomanagementsystems durch die Interne Revision 8. Prüfung des Risikomanagementsystems durch den Abschlussprüfer 9. Risikoberichterstattung 10. Fallbeispiel: Risikomanagementsysteme bei Kreditinstituten 11. Fallbeispiel: Bilanzskandale 12. Fallbeispiel: Risikomanagement im Bereich der Vermögensverwaltung

    Introductory event: Controlling

  • 30 Prof. Dr. Carsten Homburg

    Literature:

    Literature folder relating to the courses

    – Operative Controlling – Strategic Controlling – Value-based Controlling – Ausgewählte Fragen des Controlling

    are available at the secretariat for copying. Loan against deposit of the student ID

    Introductory event: Controlling

  • 31 Prof. Dr. Carsten Homburg

    Organizational – Materials relating to the courses (1)

    1. http://www.ilias.uni-koeln.de

    2. Login to ILIAS

    Introductory event: Controlling

  • 32 Prof. Dr. Carsten Homburg

    3. Type in your user name of your S-Mail-Account

    4. Password of your S-Mail-Account

    Please check

    http://www.ilias.uni-koeln.de for:

    • Information about the S-Mail- Account

    • Assistance for registration

    Introductory event: Controlling

    Organizational – Materials relating to the courses (2)

  • 33

    Organizational – Operative and Strategic Controlling in Ilias

    You find all materials for both courses and exercises here:

    Prof. Dr. Carsten Homburg

    ⇒ Magazin

    ⇒ Veranstaltungen

    ⇒ Wintersemester 2012/2013

    ⇒ WiSo-Fakultät

    ⇒ Betriebswirtschaftslehre

    ⇒ Accounting and Taxation

    ⇒ ABWL und Controlling

    Introductory event: Controlling

  • 34

    Ilias – Password for all courses

    • Password:

    Please check your e-mails on ILIAS regularly for important course information!

    Prof. Dr. Carsten Homburg Introductory event: Controlling

  • 35 Prof. Dr. Carsten Homburg

    Why Controlling?

    - excellent job situation - ideal focus e.g. in combination with Betriebswirtschaftlicher Finanzierungslehre, Corporate Finance, Steuerlehre, Wirtschaftsprüfung, Statistik - ideal complement field ⇒ costs are important in all operational and managerial functions, e.g. Human Resource (HR) controlling, Marketing controlling, Production controlling, Logistics controlling, ...

    Introductory event: Controlling

  • 36 Prof. Dr. Carsten Homburg

    What do we expect from our students?

    - high commitment and motivation - participation in lectures and exercises - analytical thinking - willingness for the formal analysis of problems

    Introductory event: Controlling

  • 37 Prof. Dr. Carsten Homburg

    What can our students expect from us?

    - training of analytical thinking skills - central controlling knowledge - good support and exam preparation - placement of real-world contacts - hopefully interesting courses/events

    Introductory event: Controlling

  • 38 Prof. Dr. Carsten Homburg

    Förderverein Controlling at the University of Cologne

    Promotion of:

    • Active participation in international scientific conferences

    • Research projects and workshops in the area of Controlling

    Exchange between theory and practice:

    • Presentation by institutional staff members on current issues in Controlling

    • Discussion forums for practitioners, students and staff on current problems in Controlling

    • Placement of internships and thesis topics

    • Jobs in Controlling (Registration for the newsletter Controlling in Ilias)

    In addition:

    • Alumni-Function

    Introductory event: Controlling

  • 39

    Supporters of the Förderverein Controlling

    Prof. Dr. Carsten Homburg Introductory event: Controlling

    http://www.bayer.de/�http://www.lctax.de/�http://www.ford.de/UeberFord/BerufKarriere�http://www.hella.com/hella-com/33.html?rdeLocaleAttr=de�

    Introductory event: Controlling �Winter term 2012/13Organizational – ContactOrganizational – ContactOrganizational – ContactOrganizational – ContactOrganizational – ContactOverview of SBWL ControllingStructur of SBWL Controlling (I)Structur of SBWL Controlling (II)Structure of the Major Accounting (54 Credit Points)Foliennummer 11Foliennummer 12Courses: Winter 2012/13Optional courses (6 CP) of our Chair:Practitioner events in Winter 2012/13 (German/English):Schedule of eventsFinal exams offeredAdvanced Seminar - Summer 2013:Expiration of a thesis at the Chair for ABWL and Controlling:Foreign creditsOperative Controlling (2 weekly hours)Operative Controlling (2 weekly hours)Strategic Controlling (2 weekly hours)Strategic Controlling (2 weekly hours)Value-based Controlling (2 weekly hours)Value-based Controlling (2 weekly hours)Value-based Controlling (2 weekly hours)Value-based Controlling (2 weekly hours)Risikocontrolling (2 weekly hours)Literature:Organizational – Materials relating to the courses (1)Organizational – Materials relating to the courses (2)Organizational – Operative and Strategic Controlling in IliasIlias – Password for all coursesWhy Controlling?What do we expect from our students?What can our students expect from us?Förderverein Controlling at the University of CologneFoliennummer 39