Controlling I - Connexions

Module I - goals:

•Presents an integrated system of modules of the controller’s job;
•Demonstrates the structure and the connection between the most important controlling tools;
•Provides case studies, exercises and role-plays for training in the organization of the controlling process;
•Gives instructions for the function and the techniques of the controller’s job which can be introduced and practised in every existing organization structure.

After studying this course you will:

have been introduced to scope and principles of Controlling;

know how relates to financial accounting;

understand key themes of Controlling, such as future orientation, goals, economic reality, decision making;

understand why the study of cost behaviours is necessary;

understand the main approaches to cost forecasting;

knew that planning and control are related;

understand budgeting and budgetary planning;

knew the major benefits of budgeting;

understand the inter-relationships between budgets;

be able to define basic cost accounting terminology;

understand the principle of control;

knew how overheads are established and use in product costing;

knew that flexible budgets are necessary for control to be effective;

to be able to design a budgetary control report;

understand the technique of standard costing and its objectives;

understand the principle of stock control ;

knew the relationship between opportunity loss and expected value for decisions;

understand marginal cost and cost-volume-profit analyses;

have been introduced to long-run decision making or investment appraisal;

understand the benefits and problems of decentralisation;

knew what ration analysis is and why it is used;

job description for Controller;

Manager’s and controller’s function.