Course: Business Planning and Controlling

« Back
Course title Business Planning and Controlling
Course code KFÚ/PPCIM
Organizational form of instruction Lecture + Lesson
Level of course Master
Year of study 1
Semester Winter
Number of ECTS credits 5
Language of instruction English
Status of course Compulsory-optional
Form of instruction Face-to-face
Work placements Course does not contain work placement
Recommended optional programme components None
Course availability The course is available to visiting students
Lecturer(s)
  • Brabec Zdeněk, Ing. Ph.D.
Course content
Lectures (topics): 1. The nature and importance of controlling in business management. History, current trends and the future of controlling. 2. Information support of controlling (reporting as a basic tool). 3. Reporting of internal departments (prerequisites for effective departmental management - organizational and economic structure of the company). 4. Cost controlling as a tool for management of departments (departmental budgets, transfer prices). 5.-7. Cost controlling and performance management (Break-even Point Analysis, Linear Model, Variable Costing, ABC - Activity Based Costing, Target Costing, Life Cycle Costing). 8. The meaning of planning for the business management (classification of plans, requirements to plans, methods of their preparation). 9. Planning process and planning methods. 10.-11. Strategic and long-term financial planning (the production plan, its individual components) and its main outcomes. 12. Short-term financial planning and its main outcomes. 13. Monitoring and evaluation of deviations. 14. Lecture of an expert with practical experience in this matter. Seminars (topics): 1. Break-even-point analysis for heterogeneous production. 2. Activity Based Costing method. 3. Capacity calculations (calculation of production capacity, calculation of the workforce fund and number of employees). 4. Short-term planning (planning of revenues and expenses). 5. Short-term planning (planning of revenues and expenses). 6. Analysis of total and quantitative deviations. 7. Credit exam test.

Learning activities and teaching methods
Monological explanation (lecture, presentation,briefing)
  • Class attendance - 42 hours per semester
Learning outcomes
The aim of the course is to present planning and controlling as management subsystems which in mutual interconnection support achieving business goals and long-term prosperity of the company. The course extends students´ theoretical and practical knowledge and explains the principles of planning processes at all hierarchical levels of the business entity, including the adherence to linkages between individual plans. Students are further familiarized with controlling as a comprehensive approach to cost management of the company.
In the given course, students will obtain knowledge in selected areas of cost management, cost calculations, and cost and revenue planning.
Prerequisites
Business Financial Management Managerial Accounting

Assessment methods and criteria
Written exam

Credit exam requirements: Active participation at seminars during the semester (1 absence allowed). Credit exam test (minimum 50 %) Attendance at lectures min. 50 %. Coming late for a lecture or seminar results in an automatic absence. Exam requirements: written exam. (minimum 50 %)
Recommended literature
  • BEHRINGER, Stefan. Financial controlling. Wiesbaden. 2023.
  • BEHÚNOVÁ, Annamária; KNAPCIKOVA, Lucia a BEHÚN, Marcel. Company controlling. Cham. 2023.
  • BRAGG, Steven M. The Controller's Function: The Work of the Managerial Accountant. 4th ed.. Hoboken, 2011. ISBN 978-0-470-93742-6.
  • Drury Colin. Management and cost accounting. Hampshire, 2016. ISBN 978-1-4808-9393-1.
  • Horváth & Partners Management Consultants. The Controlling Concept: Cornerstone of Performance Management. Singapore, 2019. ISBN 978-981-121-866-8.
  • PARMENTER, David. Key performance indicators:developing, implementing, and using winning KPIs. 3rd ed.. Hoboken: Wiley, 2015. ISBN 978-1-118-92510-2.
  • PARMENTER, David. The Financial Controller and CFO?s Toolkit. Hoboken, 2016. ISBN 978-1-119-29131-2.
  • SCHÖN, Dietmar. Planning and reporting in BI-supported controlling: fundamentals, business intelligence, mobile BI, big data analytics and AI.. Wiesbaden: Springer, 2023. ISBN 978-3-658-41043-8.


Study plans that include the course
Faculty Study plan (Version) Category of Branch/Specialization Recommended year of study Recommended semester