Wissen für Controller und Controlling, made by ICV

145 Articles found

12_2021_Bulletin_ICV

ICV Bulletin for our Members | December 2021 Dear Readers, another year comes to an end. Probably not everything went as you planned - but we hope yo
How should controllers see their managers?

WHU – Otto Beisheim School of Management is one of the best and most renowned business schools and is also well known internationally. WHU’s aca
What tasks do controllers have?

WHU – Otto Beisheim School of Management is one of the best and most renowned business schools and is also well known internationally. WHU’s ac
Why do we need controllers?

WHU – Otto Beisheim School of Management is one of the best and most renowned business schools and is also well known internationally. WHU’s aca
Controller: position, career, income

Board member Siegfried Gänßlen in the ICV podcast on the need for lifelong learning. How to become a controller? Studies How much does actu
Controlling Podcasts

1st place - ICV Newcomer Award 2020 1st place: Jesper Juul Peter Bluhm from the Performance Manager Podcast talked to the winner Jesper Juul, h
The Hackett Group: Finance Digital World Class 2021

DIGITAL WORLD-CLASS FINANCE Complimentary research | June 2021 Reaching New Heights in Peak Performance By Erik Dorr, Nilly Essaides and Angela Caswe
06_2021_Bulletin_ICV

ICV Bulletin for our Members | June 2021 Dear Readers, a successful premiere behind us - the 45th Congress of Controllers, for the first time ONLINE,
03_2021_ICV_Bulletin

ICV Bulletin for our Members | March 2021 Dear Readers, It’s been a little over a year since the first lockdowns in Europe and almost a year since
Cost Object

(1) Emblemsvag J., Life-cycle costing (2) Brimson J. A., Antos J., Driving Value Using Activity-Based Budgeting Zieliński Tomasz
Cost Element

Zieliński Tomasz
Cost Driver

Dierks, Cokins, CAM-I Glossary Zieliński Tomasz
Corporate policy

'''Corporate policy / Unternehmenspolitik''' Corporate policy has the task of harmonising external interests in the company and purposes that determin
Corporate Identity

ICV-Statement "Grundmodell für Kommunikations-Controlling" [http://www.communicationcontrolling.de]www.communicationcontrolling.de ICV work group
Core competence

'''Core competence / Kernkompetenzen''' Core competences are defined as a systematic bundle of technologies and production capabilities that enable a
Control

'''Control / Kontrolle''' Control (here managerial control) is a non-delegable task of management. It includes identifying the difference between budg
Contribution margin

'''Contribution margin / Deckungsbeitrag''' The contribution margin may be defined as the surplus of net revenue over the costs clearly entailed witho
Contribution accounting (Direct Costing and multi-step)

'''Contribution accounting (Direct Costing and multi-step) / Deckungsbeitragsrechnung (ein- und mehrstufig)''' Contribution accounting is the tool for
Contents

ICV-Statement "Grundmodell für Kommunikations-Controlling" [http://www.communicationcontrolling.de]www.communicationcontrolling.de ICV work group
Communication(s) Scorecard

ICV-Statement "Grundmodell für Kommunikations-Controlling" [http://www.communicationcontrolling.de]www.communicationcontrolling.de ICV work group
Communication

ICV-Statement "Grundmodell für Kommunikations-Controlling"
Cfo insight
Cash flow

'''Cash flow / Cash Flow''' Cash flow is a sales surplus over the liquidity-relevant expenses incurred by a company’s business activities and is the
CFROI (Cash Flow Return On Investment)

'''CFROI (Cash Flow Return On Investment) / CFROI (Cash Flow Return On Investment)''' CFROI is computed as follows: x45px| The CFROI is a performanc
CFBIT

'''CFBIT / CFBIT''' CFBIT, or Cash Flow Before deduction of Interest and income Tax, is increasingly employed as the relevant figure for the managemen
Business Intelligence

ICV-Statement „Grundmodell für Kommunikations-Controlling“ [http://www.communicationcontrolling.de]www.communicationcontrolling.de ICV work gro
Budgeted Costs

ICV-Statement "Grundmodell für Kommunikations-Controlling" [http://www.communicationcontrolling.de]www.communicationcontrolling.de ICV work group
Break Even Analysis

'''Introduction''' The Break Even Analysis is used to compaire different business cases to identify the most economical case. The analysis based on
Brand Awareness

ICV-Statement "Grundmodell für Kommunikations-Controlling" [http://www.communicationcontrolling.de]www.communicationcontrolling.de ICV work group
Brand

ICV-Statement „Grundmodell für Kommunikations-Controlling“ [http://www.communicationcontrolling.de]www.communicationcontrolling.de ICV work gro
Bill of materials

'''Bill of materials / Stückliste''' A bill of materials contains information about the components of a product and lists the purchased parts and the
Benchmarking

'''Benchmarking / Benchmarking''' Benchmarking is an analysis and planning tool, which allows an individual company to be compared with the best of i
Balanced Scorecard

'''Balanced Scorecard / Balanced Scorecard''' As the term implies, the Balanced Scorecard should allow a balanced control with the help of ratios or i
Awareness

ICV-Statement „Grundmodell für Kommunikations-Controlling“ [http://www.communicationcontrolling.de]www.communicationcontrolling.de ICV work gro
Agenda

ICV-Statement "Grundmodell für Kommunikations-Controlling" [http://www.communicationcontrolling.de]www.communicationcontrolling.de ICV work group "
Activity Output

Zieliński Tomasz
Activity Driver

Dierks, Cokins, CAM-I Glossary Zieliński Tomasz
Activity Dictionary

Bleeker R. R., Euske K. J., Activity-Based Cost Management Design Framework: Getting It Right The First Time Zieliński Tomasz
Activity Based Costing

A cost accounting system that accumulates costs based on activities performed and then uses cost drivers to allocate these costs to products or other
Activity-Based Pricing

http://www.investorwords.com/6397/activity_based_pricing.html Zieliński Tomasz
Activity-Based Management (ABM)

Brimson J. A., Antos J., Driving Value Using Activity-Based Budgeting Zieliński Tomasz
Activity-Based Information System (ABIS)

Hansen S. C., Torok R.G., The Closed Loop Zieliński Tomasz
Activity-Based Costing (ABC)

Dierks, Cokins, CAM-I Glossary Zieliński Tomasz
Activity

ICV-Statement „Grundmodell für Kommunikations-Controlling“ [http://www.communicationcontrolling.de] www.communicationcontrolling.de ICV work gr
Main Page

Welcome to ControllingWiki, the platform for controlling-know-how, owned by ICV, the International Association of Controllers, located in Wörthsee, B
ICV Bulletin December 2019

In this issue: • ICV Controlling Excellence Award • Next Generation Finance Benchmarking • Salary Summary 2020 by Robert Half • Successful Sin
ICV Bulletin September 2019

In this issue: • Controlling International. The special issue of the Controller Magazin • ICV Awards • Autumn conferences by the ICV and partner
Deutsche Bahn`s finance function and its contribution to the overall management of the group

Deutsche Bahn`s finance function Deutsche Bahn`s finance function and its contribution to the overall management of the group Digital, forward-lookin
Brexit - possible impact on European companies

English_2017_April_Brexit_Controller’s eNews_final.docx Mayday in London On Wednesday, 29 March 2017, the British Prime Minister formally initiated
ICV Bulletin October 2016 (short for all)

International Association of Controllers ICV Bulletin | October 2016 Dear Readers! Autumn is full of cross-border meetings in the ICV member countrie
ICV Bulletin March 2015 (short for all)

International Controller Association In this issue:  Interview with Dragica Erčulj  Big Data - a blessing for Controlling?  Working with con
ICV Bulletin November 2015 (short for all)

International Controller Association In this issue:  CEO-dependent role of the controller  Changes in the ICV structures in Poland  Internati
ICV Bulletin May 2016 (short for all)

International Controller Association ICV Bulletin | May 2016 Dear Readers! In 2015 the International Controller Association (ICV) celebrated its 40th
What makes the Controller more successful

It was 1974 when Albrecht Deyhle illustrated the famous drawing the Controllermanager dialogue (see Figure 1). The Controlling is first of all a behav
B2C
Transfer prices

The first day of school our professor introduced himself and challenged us to get to know someone we didnt already know. I stood up to look around whe
Resource Output Measure

"In the life of each and every one of us, there is a defining moment, one after which we know that our lives will never be the same. For me, 9/11 was
RCA - Resource Consumption Accounting

Theyre the bane of cyclists and motorists alike, but one urban gardener has grown a fondness for potholes after deciding to spruce up cities around Eu
Process output measure

I was two years shy of becoming a mother when I learned my greatest lesson about parenting. This information was not gleaned from a New York Times bes
Work plan

'''Work plan / Arbeitsplan''' The work plan is the standard for the production process of a product or a service (e.g. in public administration). In t
Weighted Average Cost of Capital WACC

[http://www.igc-controlling.org/EN/_publikationen/publikationen.php IGC-Controller-Wörterbuch, International Group of Controlling (Hrsg.), 4. Auflage
Visits

ICV-Statement "Grundmodell für Kommunikations-Controlling" [http://www.communicationcontrolling.de]www.communicationcontrolling.de ICV work group "
Variances

'''Variances / Abweichungen''' A variance is a difference between a planned or a budgeted value and an actual value. Variances give managers the oppor
Variance analysis / comparison of budgeted and actual figures CBA

'''Variance analysis/comparison of budgeted and actual figures CBA / Soll-Ist-Vergleich SIV''' Variance analysis in a broader sense is the comparison
Variable Cost

Zieliński Tomasz There is only one corner of the universe you can be certain of improving, and thats your own SELF. ~ Aldous HuxleyI will share wi
Unique Visitors

ICV-Statement "Grundmodell für Kommunikations-Controlling" [http://www.communicationcontrolling.de]www.communicationcontrolling.de ICV work group "
Trigger

Emblemsvag J., Life-cycle costing Zieliński Tomasz What 25 years of research reveal about the cognitive skills of happiness and finding lifes gr
Theoretical Capacity

Zieliński Tomasz If you look closely at a tree youll notice its knots and dead branches, just like our bodies. What we learn is that beauty and im
The Whale Curve of Customer Profitability

Grey P., Gold mining your customer portfolio: Customer Profitability, loyalyty & lifetime value (http://issuu.com/vaasaett/docs/goldmining-customer-po
The Death Spiral

http://steveshu.typepad.com/steve_shus_weblog/2006/03/the_pricing_dea.html Zieliński Tomasz A few years ago, Debbie Tenzer was feeling overwhelm
Target costing

'''Target costing / Target Costing''' Target costing is the concept of market-oriented target cost management, which applies in the early phases of pr
Supplier

Zieliński Tomasz "In the life of each and every one of us, there is a defining moment, one after which we know that our lives will never be the sa
Structure costs

'''Structure costs / Strukturkosten Struko''' Structure costs are costs caused through the organisational framework in purchasing, in marketing, in re
Strategy

'''Strategy / Strategie''' In the market economy, the term strategy is used to refer to thinking in terms of competitive advantages. Strategic planni
Strategic ABM

Kaplan R. S., Cooper R., Cost and effect: Using integrated cost systems to drive profitability and performance Zieliński Tomasz http://goodvi
Standard costing

'''Standard costing / Standardkostenrechnung''' Standard costing is a cost accounting method where all input and output units are always calculated at
Share of Voice / Noise

ICV-Statement "Grundmodell für Kommunikations-Controlling" [http://www.communicationcontrolling.de] http://www.communicationcontrolling.de [http:
Services

ICV-Statement "Grundmodell für Kommunikations-Controlling" [http://www.communicationcontrolling.de]www.communicationcontrolling.de ICV work group "
Selection Criteria

ICV-Statement "Grundmodell für Kommunikations-Controlling" [http://www.communicationcontrolling.de]www.communicationcontrolling.de ICV work group "
Risk management

'''Risk management / Risikomanagement''' Risk in the entrepreneurial sense is a combination of the probability of a certain damage and the size of its
Return on Investment ROI

[http://www.igc-controlling.org/EN/_publikationen/publikationen.php IGC-Controller-Wörterbuch, International Group of Controlling (Hrsg.), 4. Auflage
Return on Capital Employed ROCE

'''Return on Capital Employed ROCE / Return on Capital Employed ROCE''' Return on Capital Employed is the profitability of those assets for which on t
Responsibility accounting

'''Responsibility accounting / Verantwortlichkeitsrechnung''' The whole management accounting system should be constructed on the principle of respons
Resources

Dierks, Cokins, CAM-I Glossary Zieliński Tomasz Gradually its dawned on me: We humans are creatures of the mind. We perceive the world according
Reputation

ICV-Statement "Grundmodell für Kommunikations-Controlling" [http://www.communicationcontrolling.de]www.communicationcontrolling.de ICV work group "
Readability/Fog-index

ICV-Statement "Grundmodell für Kommunikations-Controlling" [http://www.communicationcontrolling.de]www.communicationcontrolling.de ICV work group "
Ratio systems

'''Ratio systems / Kennzahlensysteme''' Ratio systems are (mathematically or logically connected) combinations of ratios (absolute or relative figures
Range

ICV-Statement "Grundmodell für Kommunikations-Controlling" [http://www.communicationcontrolling.de]www.communicationcontrolling.de ICV work group "
Proportional costs

'''Proportional costs / Proportionale Kosten''' Proportional costs are costs that arise because a product is manufactured or a service delivered. They
Product costs

'''Product costs / Produktkosten Proko''' Product costs are the costs that ‘slip into’ the product, determining its physical existence. The techni
Product costing scheme

'''Product costing scheme / Kalkulationsschema''' In order to determine the costs of a product or a service you use a product costing scheme, which sh
Process

Bleeker R. R., Euske K. J., Activity-Based Cost Management Design Framework: Getting It Right The First Time Zieliński Tomasz There is a vitally
Practical Capacity

Stenzel C., Stenzel J., Essentials of Cost Management Zieliński Tomasz Pico Iyer -- essayist, author, travel writer and thinker -- has a unique
Potentials for success

'''Potentials for success / Erfolgspotentiale''' Critical success factors are those variables, whose characteristics contribute largely to market succ
Pool Resource

http://www.4pm.pl/slownik/pool_resource-2464.html Zieliński Tomasz Joynal Abedin still remembers the rainy and windy night when he saw his fathe
Planning and planning framework

'''Planning and planning framework | Planung und Planungssystematik''' Planning is the intellectual anticipation of possible future situations, the se
Period costing and cost of sales method in external accounting

'''Period costing and cost of sales method in external accounting / Gesamtkostenverfahren GKV und Umsatzkostenverfahren UKV in der externen Rechnungsl
Performance Measure

Dierks, Cokins, CAM-I Glossary Zieliński Tomasz Trust yourself. You know more than you think you do. Benjamin SpockAs time passes by and the mor
Overheads/indirect costs

'''Overheads/ indirect costs / Gemeinkosten''' Indirect costs are the opposite of direct costs. The salary of a departmental head of a production work
Output, External and Internal

ICV-Statement "Grundmodell für Kommunikations-Controlling" [http://www.communicationcontrolling.de]www.communicationcontrolling.de ICV work group "
Opportunity costs

'''Opportunity costs / Opportunitätskosten''' Opportunity costs are the costs of the alternative use of a factor in short supply. They are to be cons
Operational ABM

Kaplan R. S., Cooper R., Cost and effect: Using integrated cost systems to drive profitability and performance Zieliński Tomasz Somewhere in Wes
Operating result

'''Operating result / Betriebsergebnis''' The operating or operative result, arising from the profit and loss account, shows what the company has earn
Objective / Target

'''Objective/Target / Ziel''' An objective is a desired future state, which should be precisely defined in terms of content, time frame and scope. One
Multidimensional contribution accounting

'''Multidimensional contribution accounting''' Since the market is usually approached through different channels and, additionally not only the produc
Mission statement for controllers

'''Mission statement for controllers''' The mission statement of the IGC International Group of Controlling defines the role of the controller as foll
Mission statement

'''Mission statement / Leitbild''' The mission statement provides the basis for defining how a company is managed. The mission statement does this by
Media resonance analysis

ICV-Statement „Grundmodell für Kommunikations-Controlling“ [http://www.communicationcontrolling.de]www.communicationcontrolling.de ICV work gro
Media monitoring

ICV-Statement „Grundmodell für Kommunikations-Controlling“ [http://www.communicationcontrolling.de]www.communicationcontrolling.de ICV work gro
Market share absolute, relative

'''Market share absolute, relative''' The market share is the relationship of the sales volume of a business or of a product to the volume of the rele
Marginal costs

'''Marginal costs / Grenzkosten''' Marginal costs are the manufacturing costs of the last manufactured unit. As long as the total cost graph of a prod
Management result account

'''Management result account / Managementerfolgsrechnung''' The management result is the target figure for the whole operative activity of a business.
Investment

ICV-Statement „Grundmodell für Kommunikations-Controlling“ [http://www.communicationcontrolling.de]www.communicationcontrolling.de ICV work gro
Inventory valuation / inventory change

'''Inventory valuation/inventory change / Bestandsbewertung/Bestandsveränderung''' Depending on its purpose (fiscal/balance sheet valuation or busine
International Group of Controlling IGC

The [http://www.igc-controlling.org/EN/ International Group of Controlling IGC] was founded in 1995. Its main objectives are to promote common interes
International Accounting Standards IAS / IFRS

'''International Accounting Standards IAS / IFRS''' International Accounting Standards are a set of rules that serve to standardize valuation rules, p
Internal services

'''Internal services / Innerbetriebliche Leistungen''' Internal services are what one cost center provides for another. If the exchange of services ca
Internal audit system

'''Internal audit system''' The internal audit system is the sum of all policies and procedures arranged by the organs of the company (supervisory boa
Input

ICV-Statement „Grundmodell für Kommunikations-Controlling“ [http://www.communicationcontrolling.de]www.communicationcontrolling.de ICV work gro
Image

ICV-Statement „Grundmodell für Kommunikations-Controlling“ [http://www.communicationcontrolling.de]www.communicationcontrolling.de ICV work gro
IGC-Controller-Wörterbuch

The [http://www.igc-controlling.org/EN/_publikationen/publikationen.php IGC-dictionary for controllers] includes the main terms regarding practical kn
IGC

The [http://www.igc-controlling.org/EN/ International Group of Controlling IGC] was founded in 1995. Its main objectives are to promote common interes
Full Product Cost

http://www.answers.com/topic/full-product-cost Zieliński Tomasz A scientific expedition into one of the worlds last pristine tropical forests ha
Full Customer Cost

http://www.answers.com/topic/full-product-cost Zieliński Tomasz Lindsey Gehl and Ryan Bell have a vision of their June wedding being white - and
Forecast

'''Forecast / Erwartungsrechnung''' The forecast is the logical continuation of the comparison between budgeted and actual figures. Here managers are
Flexible budget

'''Flexible budget / Sollkosten''' The flexible budget shows the planned costs for the actual output. As a calculation: flexible budget = (actual acti
Fixed Cost

Zieliński Tomasz Have you ever cringed at the sight of a human being who is physically disfigured? David Roche, who was born with a facial disfigu
Experience curve

'''Experience curve / Erfahrungskurve''' The experience curve is based on empirical observations that when the accumulated volume of goods produced is
Efficiency

ICV-Statement „Grundmodell für Kommunikations-Controlling“ [http://www.communicationcontrolling.de]www.communicationcontrolling.de ICV work gro
Effectiveness

ICV-Statement „Grundmodell für Kommunikations-Controlling“ [http://www.communicationcontrolling.de]www.communicationcontrolling.de ICV work gro
Economic Value Added EVA

'''Economic Value Added EVA / Economic Value Added EVA''' Economic Value Added is a profitability figure that shows the shareholders, if the managemen
ERP

ICV-Statement „Grundmodell für Kommunikations-Controlling“ [http://www.communicationcontrolling.de]www.communicationcontrolling.de ICV work gro
Direct costs

'''Direct costs / Einzelkosten''' Direct costs can be assigned (or posted) by means of a voucher and without using a key to the specific object in que
Dictionary for controllers

The [http://www.igc-controlling.org/EN/_publikationen/publikationen.php IGC-dictionary for controllers] includes the main terms regarding practical kn
Decision accounting

'''Decision accounting / Entscheidungsrechnung''' Accounts that are prepared to help managers to take decisions are called decision accounts. It is of
Customer units

(1) Emblemsvag J., Life-cycle costing (2) Brimson J. A., Antos J., Driving Value Using Activity-Based Budgeting Zieliński Tomasz In 2010, Manju
Customer contribution accounting

'''Customer contribution accounting / Kundendeckungsbeitragsrechnung''' Customer contribution accounting refers to the contribution of a particular cu
Costs of goods sold

'''Costs of goods sold / Herstellkosten/Herstellungskosten''' Costs of goods sold (or costs of sales) show the total product or service costs when all
Costs / Cost accounting

'''Costs/Cost accounting / Kosten''' Costs are the value-based consumption of goods and services for the production of output. The valuation standards
Costs

ICV-Statement „Grundmodell für Kommunikations-Controlling“ [http://www.communicationcontrolling.de]www.communicationcontrolling.de ICV work gro
Cost cube

'''Cost cube / Kostenwürfel''' If we want to analyse the management’s responsibility for costs and revenues and prepare the necessary information f
Cost allocation

'''Cost allocation / Umlagen''' Cost allocation refers to the charging of cost centers or cost objects with structure costs from cost centers upstream
Controlling

'''Controlling / Controlling''' Controlling takes place when manager and controller cooperate. {| border="1" cellspacing="0" cellpadding="2" align=
Controller organisation

'''Controller organisation / Controllerorganisation''' Controllers should ensure that managers do their own controlling. For this reason there should
Controller

'''Controller / Controller''' Controllers provide services for managers. They design and maintain the tools for planning and budgeting, for comparison

Know-how and skill belong together

Filters

12_2021_Bulletin_ICV

How should controllers see their managers?

What tasks do controllers have?

Why do we need controllers?

Controller: position, career, income

Controlling Podcasts

The Hackett Group: Finance Digital World Class 2021

06_2021_Bulletin_ICV

03_2021_ICV_Bulletin

Cost Object

Cost Element

Cost Driver

Corporate policy

Corporate Identity

Core competence

Control

Contribution margin

Contribution accounting (Direct Costing and multi-step)

Contents

Communication(s) Scorecard

Communication

Cfo insight

Cash flow

CFROI (Cash Flow Return On Investment)

CFBIT

Business Intelligence

Budgeted Costs

Break Even Analysis

Brand Awareness

Brand

Bill of materials

Benchmarking

Balanced Scorecard

Awareness

Agenda

Activity Output

Activity Driver

Activity Dictionary

Activity Based Costing

Activity-Based Pricing

Activity-Based Management (ABM)

Activity-Based Information System (ABIS)

Activity-Based Costing (ABC)

Activity

Main Page

ICV Bulletin December 2019

ICV Bulletin September 2019

Deutsche Bahn`s finance function and its contribution to the overall management of the group

Brexit - possible impact on European companies

ICV Bulletin October 2016 (short for all)

ICV Bulletin March 2015 (short for all)

ICV Bulletin November 2015 (short for all)

ICV Bulletin May 2016 (short for all)

What makes the Controller more successful

B2C

Transfer prices

Resource Output Measure

RCA - Resource Consumption Accounting

Process output measure

Work plan

Weighted Average Cost of Capital WACC

Visits

Variances

Variance analysis / comparison of budgeted and actual figures CBA

Variable Cost

Unique Visitors

Trigger

Theoretical Capacity

The Whale Curve of Customer Profitability

The Death Spiral

Target costing

Supplier

Structure costs

Strategy

Strategic ABM

Standard costing

Share of Voice / Noise

Services