The Institute of Management Accounting and Control

The Institute of Management Accounting and Control of WHU is a leading think tank in the area of management accounting and control. Under the joint directorship of Professor Dr. Utz Schäffer and Professor Dr. Jürgen Weber, the Institute bundles the numerous activities of the associated professors, doctoral students and other staff members in research, teaching, and business engagement.

In our research, we want to learn about the counterpart role in the finance function (i.e. the role of CFOs, controllers and financial directors) as part of organized learning and critique. In our teaching, we want to contribute to the education of responsible leaders in the finance function and beyond. Finally, in our engagement with business, we serve by accompanying the transformation of the finance function and the development of the profession of controllers. The underlying duality of scholarly and practice impact is part of our vocation.

Latest Thinking

Providing performance metrics is the bread and butter of a controller’s job. These metrics traditionally focus on financial ratios. With the trend towards "Performance Measurement & Management" the focus has been shifting more and more towards non-financial variables. The result is a dramatic increase in the number of different metrics available. Often, the problem is not that there is too little data, but that there is too much of it (the “data graveyard”).

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Controllers are generally not considered to be innovative. On the contrary, they are often seen to be "innovation killers" rather than innovators. Yet it is their duty to support innovation although they don't really know how closely they should do this. The effect that innovation can have on controlling is certainly not clear-cut. Our recommendation is that you carry out systematic innovation management for your controlling. We show you how to go about this.

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Managers and controllers have witnessed a significant increase in the volatility of the business environment. Although the latest financial crisis is now generally considered to be over, the underlying trends that contribute to volatility still remain: the world is becoming more densely networked, and the barriers of time and space are getting increasingly blurred.

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Controllers have undergone a very successful transformation. This can be traced through three distinct stages.

To start with, the controller’s role is that of “master” of financial data. He is there to ensure that the information required by management is accurate, consistent and up-to-date, and he holds himself accountable for ensuring transparency.

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Information technology has always played a central role in controlling. The introduction of ERP systems, for example, considerably unburdened controllers and enabled them, for the first time, to develop into true business partners. The latest revolutions in IT have resulted in remarkable progress, as well.

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News

22.11.2016

WHU student among winners of ICV Controlling Newcomer Award

The International Controller Association (ICV) has been awarding a prize for student theses in bachelor and master programs since 2006. The Controlling Newcomer Prize has been attracting increasing...

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27.09.2016

IMC alumni forge successful academic careers

The IMC enjoys an excellent reputation not only in controlling practice, but also in the academic world. This is reflected in the high number of IMC doctoral alumni who have found their way into...

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21.09.2016

Making change happen

The topics at this year’s WHU Campus for Controlling reflected an issue that is currently high on the agenda for practitioners and academics: the transformation of controlling. In light of this,...

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