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Sven Paulsen

Sven Paulsen

Kartei Details

Karten 15
Sprache English
Kategorie Finanzen
Stufe Universität
Erstellt / Aktualisiert 28.06.2013 / 24.04.2019
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Manager

Decision-making Authority

Controller responsible for Transparency

  • Planning, Auditing and controlling
  • Preparation of controller´s instruments

Effectiveness

 

  • Choice of company site
  • Choice of technology used
  • Make-or-Buy decision

Efficiency

 

  • Guarantee quality
  • Ensuring appointments and dates
  • Searching for continuous improvement

Information Instrument

 

  1. Cost type accounting: reasons for the costs
  2. Cost center accounting: in which sector costs
  3. Unit costing: will we be competitive
  4. Operating profit statement: produced profit or losses

Cost accounting system

 

  • Correct allocation of costs to cost types
  • Appropriate and orderly publication of cost
  • Mainly oriented to the past and seldom future-oriented

 

System...

...has to be?

...should avoid?

...has to be: 

  • updated
  • future-orientated
  • certain
  • flexible

...should avoid:

  • Lack of approaches for activity-based costing
  • Lack of market references
  • Insufficient future-orientation

Management has to look into the amount of costs for...

  • Technical administration
  • Business administration
  • Logistical processes

Cost Centers are...

 

  • Purchasing
  • Manufacturing
  • Production-logistics
  • Marketing
  • Sales

Differences between history and today?

Traditional

Bottom-up-approach: how high are the costs, calculation on well known principles?

Modern

Top-down-approach: how high are the allowed costs, calculation by new and innovative principles?

→ Modern cost accounting is very long-term oriented

Crucial costs?

Crucial costs are decision-relevant costs which can be changed or influenced by a management decision.

Example:

If you want to produce a new product and you have enough capacity, only variable (“additional”) costs have to be considered; fixed costs caused by the production line won’t change by the decision to produce a new product. In this situation you are not forced to invest in new capacity!

Cost pools...

  • Direct and variable costs
  • Fixed costs of the company´s products
  • Fixed costs of the company´s divisions
  • Fixed costs of the whole company

Cost accounting?

A decline in the sales volume → rise of the costs per unit due to constant fix costs

Costs...

 

  • Direct costs: material and labor
  • Variable overhead costs: costs of maintenance
  • Product fixed costs: product-specific machines
  • Fixed costs of product family: assembly line for a product
  • Fixed costs of division: building costs
  • Fixed costs of company: head quarter of the company

Multi-step Contribution Accounting

 

The costs are allocated to costs pools; there is never a proportionalization of fixed costs