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Advanced Controlling

Course code
Course type
Weekly Hours
FS 2022
Prof. Dr. Marko Reimer
Please note that exchange students obtain a higher number of credits in the BSc-program at WHU than listed here. For further information please contact directly the International Relations Office.

The first part of the module focusses on what management accounting and control is and what management accountants do. In addition, based on case studies, students will learn how to apply several management accounting tools such as activity-based costing and target costing.

The second part of the module focusses on the design and use of management control systems. Here, we will first discuss potential control problems and selected control frameworks (e.g., levers of control by Simons). Students will then gain insights in specific management control systems such as budgeting and performance measurement.

In the third part, classroom discussions will gravitate around strategic issues of management accounting and control. For example, students will learn how to develop a Balanced Scorecard.

In addition to lectures and team-based case study work, students’ learning experience will be complemented by guest lectures. Invited guest speakers (e.g., CFOs or senior controllers) will share their experiences on contemporary management accounting practices and their personal views on current challenges of the finance function.

Date Time
Saturday, 19.03.2022 08:00 - 18:00
Sunday, 20.03.2022 08:00 - 18:00
Thursday, 21.04.2022 08:00 - 18:00
Friday, 22.04.2022 08:00 - 18:00
This course creates a comprehensive understanding of management accounting and control and tasks of management accountants within the ranges of information supply, planning and control among its participants. They will be enabled to critically assess management accounting and control systems and practices in business organizations.
Hartmann et al. (2020). Management Control Systems. 2nd Edition. McGraw-Hill Education.Bhimani et al. (2019): Management and Cost Accounting. 7th Edition. Pearson Education.Merchant & Van der Stede (2017). Management Control Systems. 4th Edition. Financial Times/ Prentice Hall.Weber & Schäffer (2008). Introduction to Controlling. Schäffer-Poeschel.
Interactive lectures (incl. exercises); in-class case studies; talks by guest speakers (planned)
Written examination, case studies
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