Osnova témat
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Nové možnosti rozvoje vzdělávání na Technické univerzitě v Liberci
Specifický cíl A2: Rozvoj v oblasti distanční výuky, online výuky a blended learning
NPO_TUL_MSMT-16598/2022Controlling in International Context
Virtual mobility
Controlling represents a crucial tool in monitoring a company´s performance and enabling the achievement of company goals. This virtual mobility enables students to test their knowledge in the field of controlling in the international context. The mobility is performed in two separate groups. One group is working with students from the Karelia University of Applied Sciences in Finland, and the other group will cooperate with students from the University of Applied Sciences Dresden. The students are divided into teams of about 6 to 8 people in each group. Each team consists of students from both countries to encourage the international perspective of virtual mobility. Both groups will solve some practical examples and then work together on particular case studies they will present online. To support the successful fulfilment of the given tasks, students will use online platforms provided by one or another partner university. In addition to that, cooperation on the given tasks should also help students strengthen their communication skills in an international context.
-- Lecturer: Ing. Zdeněk Brabec, Ph.D. -
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In this folder, you will find short text which will help you to understand the theory behind the calculations as well as provide you some suggestions to select a topic for your presentation.
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Online activity (Google meet):
o Introduction of the virtual mobility – an online meeting of all students: Friday 13th October CZ time 12:00 – 13:00 (FI time 13:00 – 14:00)
o Students’ introduction using the Padlet platform f
Online and offline activity: Students work on two tasks:
o Dividing students into groups (TUL using google spreadsheet)
o Calculating 4 examples (contribution margin, break-even point, traditional x ABC costing, profit planning)
o Preparing a 10 minutes presentation about investing 100,000 EUR into shares of selected 5 to 10 companies on the basis of the analysis of their financial statements and calculating selected financial ratios – students should provide information about dividends earned, changes of share prices etc. to justify their decisions
o To fulfil these tasks students are expected to use whatever type of communication they prefer (e-mails, Google Meet, WhatsApp, etc.)
Online activity (Google meet):
o Presentation of the second task „investing“ – an online meeting of all students: Thursday 7th Dezember CZ time 11:30– 13:00 (FI time 12:30 – 14:00)-
PLEASE INTRODUCE YOURSELF - Please use this Padlet wall to tell us more about YOURSELF, who you are, where are you from, what you love, and what you enjoy doing. Select the right place and tell the others whether you are from FE TUL, or KARELIA. 1) USE 3 STATEMENTS which describe you the best (+ You can also add 1 picture characterising you). 2) What are your CAREER GOALS? 3) What do you hope to gain from this VIRTUAL experience? To post anything to this wall, double-click it or use a (+) sign at the bottom. Please put your NAME as the title. Otherwise, your post will be anonymous. PLEASE INCLUDE ALSO A CONTACT E-MAIL OR OTHER CONTACT POSSIBILITY
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Work in teams using the study guide to calculate the given examples.
Each team is expected to calculate four model examples using different input data.
Model examples:
•Contribution margin•Break-even point analysis•Traditional x ABC costing•Profit planningIn this folder you find the model examples with solution that you can use to calculate the first task of this virtual mobility (second file)
once you have calculated all the examples within your team, send me the solution to zdenek.brabec@tul.cz
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In this second part of the virtual cooperation you continue with the same groups. They will each will make an imaginary investment portfolio of 5 -10 different shares with a budget of 100 000 €/ group. You will make a time jump and all the investments will be made in the start of year 2020.You should be looking at financial statements and financial ratios of companies from 2018 to 2020 to make the investment decisions.
You will make your decisions based on:1. Turnover growth % (2018-2019 and 2019-2020)2. Effective dividend yield %3. Dividend payout ratio4. Net profit percentage5. Return on equity %6. Return on assets %7. Equity ratio8. P/E ratio9. P/B ratio10. P/S ratio (price/sales)
Make an excel of your shares and their ratios. Also state reasons for your choices. Why did you choose those companies?
In the next stage you will calculate how much you would have earned dividends from your stock portfolio from 2020, 2021 and 2022. Then you make another calculation of what would be the value of your stock portfolio at the end of year 2022. You will have to get information about the share prices at the end of 2022 from the companies annual reports and other reliable sources.
Make a 10 minute presentation where you explain why your group chose the shares you did. Make it for example as a PP-presentation and use excel to show how each share you have in your portfolio increased (or decreased) in value from 2020 to the end of 2022.
One member of the group returns the task to course Moodle. Remember to include names and student numbers of the members of your group in the return file!
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Online activity (Big Blue Button):
o Introduction of the virtual mobility – an online meeting of all students: Friday 6th October 17:00 – 18:00
Online and offline activity: Students work on two tasks:
o Dividing students into groups (TUL using google spreadsheet)
o Calculating 4 examples (contribution margin, break-even point, traditional x ABC costing, profit planning) – only the TUL subgroups
o Preparing a presentation selected topic – each student from the group should provide about a 5-minute presentation considering a selected subtopic
Online activity (Big Blue Button):
o Discussing the future topics or details of student´s presentations, solving communication problems in teams – every Friday 17:00 – 18:30
o Online activity (Big Blue Button): Presentation of the second task – an online meeting of all students, each student should provide a presentation for about 5 minutes: FRIDAY - Corporate Planning and Management Control Topic presentation:
§ 15th Dezember 17:00 – 18:00
§ 22nd Dezember 17:00 – 18:00
§ 10th January 17:00 – 18:00
Topics:
· Budgeting,
· Business Planning and Controlling in Company LUSH,
· Kahneman Planning Fallacy,
· Strategic Planning,
· KPI,
· New Trends in Corporate Planning and Management Control
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Work in teams using the study guide to calculate the given examples.
Each team is expected to calculate four model examples using different input data.
Model examples:
•Contribution margin•Break-even point analysis•Traditional x ABC costing•Profit planningIn this folder you find the model examples with solution that you can use to calculate the first task of this virtual mobility (second file)
once you have calculated all the examples within your team, send me the solution to zdenek.brabec@tul.cz
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BRAGG, Steven M. The controller's function: the work of the managerial accountant. Fourth edition. Hoboken: Wiley, 2011. ISBN 978-0-470-93742-6.BRAGG, Steven M. Cost accounting fundamentals: essential concepts and examples. Fifth edition. Centennial: AccountingTools, [2016]. ISBN 978-1-938910-69-2.DRURY, Colin. Management and cost accounting. Ninth edition. Andover: Cengage Learning, 2015. ISBN 978-1-4080-9393-1.Horváth & Partners Management Consultants, 2019. The Controlling Concept: Cornerstone of Performance Management. Singapore: World Scientific Publishing. ISBN 978-981-121-866-8PARMENTER, David. Key performance indicators: developing, implementing, and using winning KPIs. Third edition. Hoboken: Wiley, 2015. ISBN 978-1-118-92510-2.PARMENTER, David, 2016. The Financial Controller and CFO’s Toolkit. Third edition. Hoboken: Wiley. ISBN 978-1-119-29131-2.