The Controlling Concept

Horváth &amp; Partner

doi:10.15358/9783800653812

Summary

The Controlling Concept:

A guide to controlling, and how to adopt controlling effectively in business practice. This book describes, by means of the “House of Controlling”, how you can effectively implement controlling in your business practice. For instance, it clarifies the following questions:

What is the heart of the controlling concept?
Which subject areas are covered by an effective controlling system?
What does state-of-the-art controlling look like?
By what measures can the success of controlling be determined?
How can the effectiveness and efficiency of controlling be improved?
How is controlling continuing to develop?

Chapters are supplemented by organisational checklists and business practice examples, drawn from Horváth & Partners’ many years of experience developing and implementing controlling concepts at home and abroad.

Horváth & Partners is one of Germany’s foremost international consulting firms with core competencies in business management and performance optimisation, and for years has held the top spot in all rankings for Controlling and Finance.

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Bibliographic data

Copyright year: 2019
ISBN-Print: 978-3-8006-5380-5
ISBN-Online: 978-3-8006-5381-2
Publisher: Vahlen, München
Language: English
Pages: 264
Product type: Edited Book

Titelei/Inhaltsverzeichnis No access Pages I - XII
1. Introductory Remarks No access
2. Further reading No access
1. 1.1 Chapter objectives No access
2. 1.2 Introduction No access
3. 1.3 Tasks of Controlling No access
4. 1.4 Role and job description of the controller No access
5. 1.5 The “House of Controlling” – Building blocks of an effective controlling system No access
6. 1.6 The “House of Controlling” and its context factors No access
7. 1.7 What comes next No access
8. 1. Further reading No access
1. 2.1 Chapter objectives No access
2. 2.2 Introduction No access
3. 1. 1. 2.3.1.1 Full costing systems No access
    2. 2.3.1.2 Direct costing systems No access
    3. 2.3.1.3 Activity-based costing No access
    4. 2.3.1.4 Income statement No access
    5. 2.3.1.5 Target costing No access
  2. 2.3.2 Investment appraisal No access
  3. 2.3.3 Investment appraisal methods No access
  4. 2.3.4 Investment appraisal system No access
4. 2.4 The configuration of effective financial accounting No access
5. 1. 2.5.1 The Fischer corporate group No access
  2. 2.5.2 Project: Reconfiguring cost and profit accounting and financial reporting No access
  3. 2.5.3 Lessons learned No access
6. 1. Further reading No access
1. 3.1 Chapter objectives No access
2. 3.2 Introduction No access
3. 1. 3.3.1 Strategy process No access
  2. 3.3.2 Selected strategic analysis instruments No access
  3. 3.3.3 Selected strategy development instruments No access
  4. 1. 3.3.4.1 Discounted cash flow method (DCF) No access
    2. 3.3.4.2 Economic Value Added method (EVA®) No access
  5. 3.3.5 Strategy description and communication with strategy maps and the Balanced Scorecard No access
  6. 3.3.6 Strategy anchoring and strategy controlling No access
4. 1. 3.4.1 Prints GmbH No access
  2. 3.4.2 Project: Development of a Balanced Scorecard No access
  3. 3.4.3 Lessons learned No access
5. 1. Further reading No access
1. 4.1 Chapter objectives No access
2. 4.2 Introduction No access
3. 4.3 Designing effective operative planning No access
4. 1. 4.4.1 Budget system No access
  2. 4.4.2 Budgeting process No access
  3. 4.4.3 Budgeting bodies No access
5. 1. 4.5.1 Traditional forecast No access
  2. 4.5.2 Rolling forecast No access
6. 1. 4.6.1 Safety Ltd No access
  2. 4.6.2 Project: Developing a new forecasting process No access
  3. 4.6.3 Lessons learned No access
7. 1. Further reading No access
1. 5.1 Chapter objectives No access
2. 5.2 Introduction No access
3. 1. 5.3.1 Financial Management No access
  2. 1. 5.3.2.1 Tasks of Financial Controlling No access
    2. 5.3.2.2 Financial Controlling tools No access
4. 1. 5.4.1 Media AG No access
  2. 5.4.2 Project: Optimising liquidity planning No access
  3. 5.4.3 Lessons learned No access
5. 1. Further reading No access
1. 6.1 Chapter objectives No access
2. 6.2 Introduction No access
3. 1. 6.3.1 Basis: Effective analysis of need for information No access
  2. 1. 6.3.2.1 Function and categories of key figures No access
    2. 6.3.2.2 Key figures systems No access
    3. 6.3.2.3 The measurement parameter system of a Balanced Scorecard No access
  3. 6.3.3 Designing effective reporting No access
  4. 6.3.4 Current trends in management reporting No access
4. 1. 6.4.1 Handels GmbH No access
  2. 6.4.2 Project: Development of a key figures system with standardised reports No access
  3. 6.4.3 Lessons learned No access
5. 1. Further reading No access
1. 7.1 Chapter objectives No access
2. 1. 7.2.1 Using IT in operations No access
  2. 7.2.2 Standard software selection process No access
3. 1. 7.3.1 Principles of IT Support No access
  2. 7.3.2 IT Support for Planning, Control and Data Analysis No access
  3. 7.3.3 Automation of Controlling Processes No access
4. 1. 7.4.1 Industrielle Dienstleistungen GmbH and Anlagenbau AG No access
  2. 7.4.2 Project: Linking the Chart of Accounts and Cost Centre Plan No access
  3. 7.4.3 Lessons learned No access
5. 1. Further reading No access
1. 8.1 Chapter objectives No access
2. 8.2 Introduction No access
3. 1. 8.3.1 Factors influencing the Controlling organisation No access
  2. 8.3.2 Embedding Controlling into the company No access
  3. 1. 8.3.3.1 Process-orientated Controlling organisation No access
    2. 8.3.3.2 Controlling Shared Service Centre No access
    3. 8.3.3.3 Specialist Controlling tasks No access
  4. 8.3.4 Structure of the Controlling division No access
  5. 8.3.5 Controlling resources No access
4. 1. 8.4.1 Travel SE No access
  2. 8.4.2 Project: Development of a CFO organisation across different locations No access
  3. 8.4.3 Lessons learned No access
5. 1. Further reading No access
1. 9.1 Chapter objectives No access
2. 9.2 Introduction No access
3. 1. 1. 9.3.1.1 Internal control system function No access
    2. 9.3.1.2 The COSO concept No access
  2. 1. 9.3.2.1 Internal audit function No access
    2. 9.3.2.2 Internal audit method No access
  3. 1. 9.3.3.1 Role of risk management No access
    2. 9.3.3.2 Risk analysis No access
    3. 9.3.3.3 Risk planning and control No access
    4. 9.3.3.4 Risk monitoring and documentation No access
4. 1. 9.4.1 Medizintechnik AG No access
  2. 9.4.2 Project: Setting up systematic risk management No access
  3. 9.4.3 Lessons learned No access
5. 1. Further reading No access
1. List of authors No access
2. List of abbreviations No access
3. Bibliography No access
4. Index No access