Controlling for Business

Major: Business Economics
Code of subject: 7.051.05.E.022
Credits: 4.00
Department: Business Economics and Investment
Lecturer: Mariya S. Kirzhetska, PhD in Economics, Associate Professor
Semester: 2 семестр
Mode of study: денна
Мета вивчення дисципліни: Implementation of the necessary conditions for improving the professional skills of business entities in the management of resources of an enterprise (organization) in conditions of instability of both internal (production volumes, wage arrears, incomplete use of production facilities, search for reliable partners and suppliers) and external (internationalization of the economy, aggravation of competition in domestic and world markets, etc.) factors. Modern managers need a comprehensive vision of the management system and, in particular, such an important block of it as the formation of information about the costs and resources of an organization or enterprise in order to develop alternative options for various kinds of management decisions and, first of all, to optimize profits, integrated use of available resources, the formation of an optimal production program, etc.
Завдання: Study of the latest approaches to the management of the processes of making and implementing effective management decisions, the effectiveness of the use of enterprise resources according to modern socio-economic criteria; acquisition of skills to justify the directions of control, alternative options for management decisions and use mechanisms for building integrated management systems for business entities. The study of the discipline involves the formation and development of students' competencies: General: Ability to abstract thinking, analysis and synthesis; Ability to communicate with representatives of other professional groups of different levels (with experts from other fields of knowledge/types of economic activity) Ability to work in a team Professional: Ability to use modern information technologies, methods and techniques of economic research Ability to justify management decisions on the effective development of business entities. Ability to assess possible risks, socio-economic consequences of management decisions. Ability to implement a controlling system in business structures and ensure its effective functioning.
Learning outcomes: The students have to know: 1. the place of controlling in the enterprise management system, its essence, functions and main tasks; 2. a set of methodological tools for controlling for enterprises in various fields of activity; 3. mechanism of implementation and features of management reporting systems; The students have to be able to: 1. promptly monitor the development of enterprises in the direction of the established targets; 2. apply analytical methods to assess the performance of enterprises; 3. operate with methodological approaches in making managerial decisions based on controlling tools; 4. organize a controlling service at the enterprise.
Required prior and related subjects: Prerequisites: Foreign Economic Operations and Contracts Socio-Economic Systems Development Strategie Social Responsibility and Social Security Economic Tools for Managing Projects and Programs for the Development of Socio-Economic Systems Co-requisites: Financial Management in Business Economic mechanisms of business transformations (не знайшла перекладу у списку) Business Process Management
Summary of the subject: The essence, necessity and types of control. Organization of controlling in the enterprise management system. Operational controlling system in the scheme of managerial decision-making. Methodical tools of strategic controlling. Information system of controlling functioning at the enterprise.
Опис: The concept of controlling, its essence and meaning; Characteristics of the components of the controlling system according to the COSO concept; Information management and controlling systems; Goal management and benchmarking system (KPIs); Functional controlling; Budgeting in the controlling system; Controlling in the cost management system; Management reporting in the controlling system; Key elements of controlling according to basic methods of ICV and IGC
Assessment methods and criteria: 1. Current control (30%): - assessment of knowledge in practical classes (performance of situational tasks; participation in discussions; control testing); - evaluation of performance and protection of individual calculation (control) works (correctness of calculations, the correctness of conclusions and recommendations; correctness, completeness and conciseness of the answer during the presentation of work). 2. Examination control (70%): assessment of written and spoken-word components.
Критерії оцінювання результатів навчання: 1. Current control (30%): - assessment of knowledge in practical classes (performance of situational tasks; participation in discussions; control testing); - evaluation of performance and protection of individual calculation (control) works (correctness of calculations, the correctness of conclusions and recommendations; correctness, completeness and conciseness of the answer during the presentation of work). 2. Examination control (70%): assessment of written and spoken-word components.
Порядок та критерії виставляння балів та оцінок: 100–88 points – ("excellent") is given for a high level of knowledge (some inaccuracies are allowed) of the educational material of the component contained in the main and additional recommended literary sources, the ability to analyze the phenomena being studied in their relationship and turn, clearly, concisely, logically, consistently answer the questions posed, the ability to apply theoretical provisions when solving practical problems; 87–71 points – ("good") is given for a generally correct understanding of the component's learning material, including calculations, reasoned answers to the questions posed, which, however, contain certain (non-essential) shortcomings, for the ability to apply theoretical provisions when solving practical problems; 70 – 50 points – ("satisfactorily") is given for weak knowledge of the component's educational material, inaccurate or poorly reasoned answers, in violation of the sequence of presentation, for weak application of theoretical provisions in solving practical problems; 49-26 points – ("not certified" with the possibility of re-passing the semester control) is given for ignorance of a significant part of the educational material of the component, significant errors in answers to questions, inability to apply theoretical provisions in solving practical problems; 25-00 points – ("unsatisfactory" with mandatory re-study) is given for ignorance of a significant part of the component's educational material, significant errors in answering questions, inability to navigate when solving practical problems, ignorance of the main fundamental provisions.
Recommended books: 1. Манн Т., Майер Є. Контроллинг для начинающих. – М: Финансы и статистика, 1992. 2. Хан Д. Планирование и контроль: концепция контроллинга. Пер. с нем. / Под ред. А.А. Туркача, Л.Г. Головача. – М.: Финансы и статистика, 1997. – 739с. 3. Партин Г. О., Фінансовий контролінг: навч.посібн./ Партин Г.О., Задерецька Р.І. — Львів: Видавництво Львівської політехніки, 2013. — 232 с.
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