The Corporate Controlling Concept

A Definition

• Corporate Controlling is a combination of tasks, methods and responsibilities that are specific to the control of multi-business companies. The Corporate Controlling concept is based on the belief that standardization and central organization of these tasks will lead to a higher level of excellence in this field.

• Summing up, three basic principles are important to the Corporate Controlling concept
  • Specialization
  • Standardization
  • Centralization

• By specializing in Corporate Controlling tasks, professionals could establish and implement standards that could be beneficial to the whole organization. These standards would include the harmonization of calculation procedures, method definitions, key performance indicators, data sources etc. If these tasks are performed in one central unit, synergy effects can be achieved.

• It is the goal of the Corporate Controlling Association to foster research and collaboration in this field and build a community of academics and practitioners.

• Core Areas of Corporate Controlling are (please click on the task on the left for more information)

  1. Mergers and Acquisitions
  2. Investment Analysis (strategically relevant investments)
  3. Strategic Planning
  4. International Controlling of Subsidiaries and Affiliates
  5. Strategic Performance Measurement
  6. Corporate Social Responsibility Reporting
  7. Harmonization of Accounting Principles
  8. Tax Planning
  9. Masterdata Maintenance /  Corporate Information Infrastructure
  10. Risk Management