Course detail

Controlling

FP-coPAAcad. year: 2023/2024

The course is focussed on the following areas: controlling as a subsystem of enterprise management, the aims and functions of controlling, operational controlling and strategic controlling.

Language of instruction

Czech

Number of ECTS credits

5

Mode of study

Not applicable.

Guarantor

doc. Ing. Ondřej Žižlavský, Ph.D.

Department

Institute of Finances (ÚF)

Entry knowledge

An ability to solve equations and calculate minimum and maximum values of functions, working out function graphs in various rasters, knowing the relationship between graphs and numerical formulation, knowledge of structure and creation of the corporate annual plan including relations among its parts, knowledge of account sheets, product cost calculations, corporate information systems and managerial functions.

Rules for evaluation and completion of the course

Požadavky pro udělení zápočtu:
a) Aktivní účast na cvičeních, individuální hodnocení učitelem (max. 10 bodů) – výpočet příkladů (zadání v e-learningu), prezentace postupu řešení a výsledků.
b) 2 kontrolní testy z příkladů v předem určených termínech. Maximum z každého testu je 10 bodů. K úspěšnému absolvování testu je potřeba získat alespoň 50 %, tj. 5 bodů. Z každého testu je možný jeden opravný termín.
c) Studentovi bude udělen zápočet, když bude mít alespoň 50 % z celkového možného počtu bodů z cvičení (max. 30 bodů) a zároveň z každého testu získá alespoň 50 %, tj. 2*5 bodů. Hodnocení ze cvičení vstupuje do celkového hodnocení předmětu s vahou 30 %.

Požadavky ke zkoušce:
Znalosti jsou ověřovány zkouškou, která má písemnou i ústní formu. Ke zkoušce jsou připuštěni pouze studenti, kteří jsou ke zkoušce přihlášení v IS a mají zapsán zápočet. Písemná část zkoušky se skládá z 1 teoretické otázky a 1 případové studie nebo 2 teoretických otázek. Čas na vypracování je 45 minut. Písemná část zkoušky je hodnocena max. 50 body (požadované minimum je 25 bodů), ústní část je hodnocena max. 20 body (požadované minimum 10 bodů). Výsledné hodnocení předmětu je součtem bodového hodnocení ze cvičení a zkoušky. Zkouška je klasifikována dle stupnice ECTS. Nesprávné odpovědi i nečitelné odpovědi jsou hodnoceny jako nevyhovující.
Attendance at lectures and seminars, including credit tests, is mandatory. Attendance is checked by tests and an attendance sheet.

Aims

The main objectives of the course are to introduce controlling as a subsystem of enterprise management, economic management activities in the enterprise focussed on achieving the business plan, the functions of controlling and its basic areas, the fundamentals of operational controlling and strategic controlling, the fundamentals of financial controlling and controlling research and development.
Knowledge: The student can explain the role of controlling and the controller in the organisation. They know how to explain complicated procedures of cost allocation and assess their advantages and disadvantages. They know the basics of drafting corporate statements or presentations on management. They can use tipping point analyses and solve problems with the provided rebate. They can analyse deviations from established plans.
Skills: The student can handle multi-step calculations of contributions to cover fixed costs and create profit. They can use tipping point analyses and solve problems with the provision of discounts. They can analyse deviations from established plans. From the results of their analyses the student can produce a report on the economic performance of a specific department in the enterprise.
Abilities: The student is able to orient themselves in financial statements and calculations, can make oral presentations on their work and carry responsibility for the correctness of their results.

Study aids

Not applicable.

Prerequisites and corequisites

Not applicable.

Basic literature

ŽIŽLAVSKÝ, O. Controlling. Studijní text. Brno: Cerm, 2014. s. 1-112. ISBN: 978-80-214-4857-5.
ŽIŽLAVSKÝ, Ondřej. Controlling: Sbírka příkladů a případových studií. Brno: FP VUT v Brně, 2017. 78 s. (CS)

Recommended reading

ESCHENBACH, Rolf a Helmut SILLER. 2012. Profesionální controlling: koncepce a nástroje. 2., přeprac. vyd. Překlad Jaroslav Rubáš. Praha: Wolters Kluwer Česká republika, xiv, 381 s. ISBN 978-80-7357-918-0.
MERCHANT, Kenneth A a Wim A VAN DER STEDE. 2012. Management control systems: performance measurement, evaluation and incentives. 3rd ed. New York: Financial Times/Prentice Hall, 815 p. ISBN 02-737-3761-9.
HORVATH & PARTNERS. Nová koncepce controllingu: cesta k účinnému controllingu. 2004. 1. české vyd. Praha: Profess Consulting, 288 s. Poradce controllingu. ISBN 80-725-9002-2.

Classification of course in study plans

  • Programme MGR-UFRP-A Master's, 1. year of study, summer semester, compulsory

Type of course unit

 

Lecture

26 hours, optionally

Teacher / Lecturer

doc. Ing. Ondřej Žižlavský, Ph.D.

Syllabus

The basic topics of the lectures are as follows:
1. The essence and tasks of controlling. Materials for controlling. Controlling as a subsystem of enterprise management. Controlling functions. The controller in the enterprise – updating the position in the company.
2. Operational controlling: management accounting and enterprise planning, system of budgeting, annual planning (including writing the annual plan, rabat). Updating the definition of requirements for the controlling system.
3. Operational controlling: single-step and multi-step calculations of contributions to cover fixed costs and create profit.
4. Operational controlling: information security of managers, flexible plan of costs, deviation analysis, control.
5. Operational controlling: modern system of budgeting - Activity Based Budgeting, Advanced Budgeting: Better and Beyond.
6. Operational controlling: Managing corrective actions to fulfil planned objectives, including value analysis.
7. Strategic controlling: multi-year planning (the connection between strategic, multi-year and annual plans). The development and realisation of strategy.
8. Selected instruments for strategic controlling.
9. Strategic controlling: information security of managers, analysis and control. Permanent management of potential. Managing corrective actions to fulfil objectives.
10. Strategic controlling: Recommended approaches to introducing controlling, incorporating controlling in the enterprise’s hierarchy, the process of controlling, examples from practice.
11. Controlling risks: definition of basic terms, general approach to risk management, risk management with the aid of the RIPRAN method.
12. Controlling research and development: definition of innovation, the innovation process, the effects of innovation, the project approach, financial vs. non-financial indicators, systems of indicators.
13. Integrating the Balanced Scorecard into the controlling system: key problems, integration of the BSC into strategic and operational planning, reporting, interconnection of methods of controlling with the Balanced Scorecard.

Guided consultation in combined form of studies

16 hours, optionally

Teacher / Lecturer

doc. Ing. Ondřej Žižlavský, Ph.D.

Exercise

13 hours, compulsory

Teacher / Lecturer

doc. Ing. Ondřej Žižlavský, Ph.D.

Syllabus

The content of the seminars covers the topics from the lectures and work on the assigned tasks.
1. Tipping point analysis calculations in planning.
2. Multi-step calculations of contributions to cover fixed costs and create profit.
3. Test 1.
4. Zero-base budgeting. The flexible plan of costs of cost centres and its fulfilment.
5. Analysis of deviations.
6. Test 2. Awarding of credit.