Controlling

Course guarantor:

Petr Petera

Lecturer:

Petr Petera

Tutor:

Petr Petera

Supervisor:

Institute of Economic Studies

Synopsis:

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, costvolumeprofit 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.

Requirements:

Students must obtain at least 80% of the points for attendance and active participation in exercises. The examination consists of a written test supplemented by an oral examination.

Syllabus of lectures:

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

Syllabus of tutorials:

Topics of exercises:

1. Role of controller. Cost classifications. Cost behaviour.

2. Cost assignment. CVP analysis.

3. CVP analysis II. Customer accounting.

4. Inventory valuation.

5. Absorption costing and variable costing. Budgeting

6. Strategic management decisions.

7. Balanced Scorecard and alternative systems

Study Objective:

The study objective of the course is to explain the substance of controller's work - application of management control systems into business corporation (incl. tools like cost allocations, budgeting, standard costing, cost accounting and balanced scorecard).

Study materials:

Basic literature:

DRURY, C., TAYLES, M. Management and cost accounting. 12th edition. Hampshire: Cengage, 2024. ISBN 9781473791244.

MERCHANT, K.A., van der STEDE, W.A. Management Control Systems. 4th Ed., London: Pearson, 2018.

Recommended literature:

DAVILA, T., EPSTEIN, K. J., SHELTON, R.: Making Innovation Work, How to Manage It, Measure It and Profit from It. London: Pearson, 2012.

KAPLAN, R.S., ANDERSON, S.R. Time Driven Activity-Based Costing. Boston: Harvard Business School Press, 2007.

KERZNER, H. Project Management: A Systems Approach to Planning, Scheduling, and Controlling. Wiley; 12th edition, 2017. ISBN 978-1119165354.

Note:

The course is taught in English.

Time-table for winter semester 2024/2025:

	06:00–08:0008:00–10:0010:00–12:0012:00–14:0014:00–16:0016:00–18:0018:00–20:0020:00–22:0022:00–24:00
Mon
Tue
Wed
Thu
Fri	roomDEJ:204 14:15–15:45 EVEN WEEK (lecture parallel1) Dejvice roomDEJ:204 16:00–17:30 ODD WEEK (lecture parallel1) Dejvice roomDEJ:204 16:00–17:30 EVEN WEEK (parallel nr.101) Dejvice

Time-table for summer semester 2024/2025:

Time-table is not available yet

The course is a part of the following study plans: