Operations Management I: Operational Planning, Budgeting and Liquidity (SE)Back
MMag.aEva Maria Köffler-Malliga
|Specialization Area||Business Management|
|Semester of degree program||Semester 5|
|Mode of delivery||Presencecourse|
|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.
Investment & Financing I
Fundamentals of Management Accounting
Investment & Financing II
Management Accounting & Finance Seminar
Operational planning & budgeting
Partial plans and integrated business planning
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 %