Controlling Flashcards

(18 cards)

1
Q

Controlling

A
  • Set targets
  • measure performance
  • aid in decision making
  • support management
  • manage tools of economic success
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2
Q

Internal Accounting

A
  • Individual performance of products
  • profitability
  • cost centre tracing
  • support target setting
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3
Q

Cash flow from operating activities

A

+ Sales, rent, interest

- Rent, Salaries, taxes, salaries

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4
Q

Cash flow from investing activities

A

+Interest, Dividends

- property, investments

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5
Q

Cash flow financing activities

A

+issuing shares, debt

-amortizing debt, dividend payments

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6
Q

Revenue Accounting

A

Find out what product generates what profit

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7
Q

Cost accounting

A

Find out how much money can go into the production of products

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8
Q

Profitability accounting

A

Product = Cost object

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9
Q

Contribution 1

A

Product revenue - direct product costs

contribution of individual flights to operating profit

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10
Q

Allocating indirect costs

A

Must be collected at direct cost centers first and can later be allocated to product/cost objects

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11
Q

Contribution 2

A

CM 1 - Direct Cost Centre

Contribution of individual routes to overall profitability

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12
Q

Investment with lower return than expected

A

Shareholders will sell their shares

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13
Q

Investment with higher return than WACC

A

Share price increases, shareholders happy

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14
Q

Dividend Payment

A

Should be reinvested to get higher return - shareholders prefer security.

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15
Q

Indirect Non Operational Costs

A

All costs other than direct product costs, indirect product cost, indirect operational cost.

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16
Q

Division overhead costs

A

Costs that cannot be allocated to direct cost centers

17
Q

Contribution 3

A

CM 2 Division overhead costs

Indicates performance of divisions

18
Q

Company overhead costs

A

Indirect costs which cannot be allocated direct cost centers via cost drivers