The course introduces “controlling” as an integrated approach to management accounting and performance management. Students learn how controllers create decision-useful information, coordinate planning and control, and enable strategy execution. Core topics include cost behaviour and cost classifications, cost–volume–profit analysis, cost assignment (incl. service-centre allocation), Activity-Based Costing, customer profitability, budgeting, inventory valuation, standard costing in full/variable cost systems, responsibility accounting, and management control systems with the Balanced Scorecard. The course also covers strategic decision making (incl. investment appraisal) and modern reporting/BI practices, with an outlook on current trends such as digitalization, analytics and sustainability-related metrics.
Major topics of the course:
1. Evolution of controllers’ positions in business corporations.
2. Cost classifications. Cost behaviour.
3. Cost-volume-profit decisions.
4. Cost assignment and Service centres allocation.
5. Activity Based Costing.
6. Customer Profitability.
7. Budgeting process.
8. Accounting and inventory valuation.
9. Standard Costing - in full cost systems/variable cost systems.
10. Responsibility Accounting.
11. Management Control Systems (incl. Balanced Scorecard).
12. Stratetic management decisions (incl. investment decisions).
13. Reporting and business intelligence.
14. Current trends in controlling/management accounting.
- Teacher: Petera Petr