Operations Management I: Operational Planning, Budgeting and Liquidity (SE)


Course lecturer:


 Eva Maria Köffler-Malliga
Specialization AreaBusiness Management
Course numberB4.06364.53.160
Course codeOPI
Semester of degree program Semester 5
Mode of delivery Presencecourse
ECTS credits2,0
Language of instruction German

Upon successful completion of the course, students will be able to:

explain the relationship between strategic planning, operational planning and budgeting.
understand the main sub-plans by function (including sales plan, production plan, procurement plan), cross-functional sub-plans (including financial and investment plans) and explain how they are interconnected.
describe key instruments of operational planning (including standard costing, variance analysis), different budget types, the methodology of budgeting, the relation to liquidity and liquidity targets.
review budgetary control measures and their effects.

Cost Accounting
Investment & Financing I
Fundamentals of Management Accounting
Investment & Financing II
Management Accounting & Finance Seminar

Operational planning & budgeting
Partial plans and integrated business planning
Standard costing
Variance analysis
Budget categories
Methodology of budgeting
Indicators used in budgeting

Horváth, P. (2011): Controlling, 12., vollständig überarbeitete Auflage, Vahlen Verlag, München

Rieg, R. (2008): Planung und Budgetierung, Gabler Verlag, Wiesbaden

The course content is developed by alternating presentations of the course conductor and through the development of practical examples and case studies by the students.

Exam 70 %
Case studies 30 %