Definition and elements of controlling.
The functions and tasks of controlling and their importance in the company.
Types of controlling.
Financial accounting and sources of information for the purpose of management control systems.
The essence and the need for budgeting.
Types of budgets.
Methods of creating budgets.
Budgeting procedure for controlling.
Monitoring and analysis of deviations.
W.R. Lalli, Handbook of budgeting, 6-th ed. Willey & Sons, Hoboken 2012
J. Hope, R. Fraser, Beyond Budgeting: How Managers Can Break Free from the Annual Performance Trap, Harvard Business Review Press, Harvard 2003
Controlling & Management, Wiesbaden : Gabler, 2003-2012.
R.N. Anthony, D.W. Young, Management control in nonprofit organizations, McGraw-Hill, USA 2003.
R.N. Anthony, J. Dearden, N.M. Bedford, Management control systems, Irwin, Homewood 1989.
To Pass:
Final exam (test) (40%),
class attendance (30%),
project (30%).