Corporate and controller are changed requirements

Would companies be successful in the long run, they must be - and with them the controlling - flexibly to new demands.

Nothing is more constant than change! This oft-cited wisdom quite aptly describes the reality in which the company and are currently controlling.

Controlling and changing the pressure
Despite this finding, it is generally recognized that the control never before such a strong pressure to change saw. The situation of increased competition in all markets due to globalization, liberalization and the latest - by the financial crisis caused - economic downturn, ensures increased demands on the controller. Always need more quickly and accurately position and prospects of the company and its constituents by controlling analyzed. From today to tomorrow are alternatives for certain scenarios of controlling to develop and strengthen their self-controller must exist through performance evidence. In addition, the Internet accelerates all processes, both of the company as well as controlling its planning and reporting cycles.

Controlling approaches
As far as its content is hardly a dimensioning betriebswirtschaftliche function as controversial as the controlling. The differing views on the controlling of from a simple provision of key figures on the comprehensive coordination of the company’s affairs through appropriate planning and incentive schemes to secure a comprehensive rationality. Overall dominates today - despite the theoretical explanation of these different approaches - controlling the coordination-oriented approach.

Controlling as a management support
Then comes the controlling mainly the task of the management system of the company to support the results targeted to ensure control. It extends the level of coordination by controlling the coordination of the planning and control information with the supply system. Thus, controlling support the leadership and allow this, the overall goal-oriented environmental changes.

Controlling Objectives
Due to the continually changing environment is also the controlling calls to these changes. Therefore, it is now one of the priority control objectives, the adaptability and hence ability to control the business. This is linked to an expansion and relocation of the coordination tasks. No longer the daily business is in the foreground, but the strategic planning and control.

Understanding of controlling
Also the understanding of the controlling subject to change. This will increase to ensure the rationality of the leadership as the core of controlling views. It is rationality rationality understood as an end to the efficiency and effectiveness of the actions of the players targeted. According to this interpretation cognitive limitations (skill deficits) or opportunistic objectives of the manager rationality deficits, which the appropriate controlling gegenzuwirken has. Critical to see here is the implicit assumption that the controller seems more rational and less involved than any other actors of the company.

Context of controlling changes in
The environment of the company is increasingly characterized by complexity and dynamism of the corporate concentration, globalization and an ever faster-growing information and communication technology networks were triggered. This is due to three main factors that are not only a challenge to management, but also to support the leadership role Controlling:

the advancing globalization,
the emergence of new legal and regulatory regimes,
the transformation from an industrial to service society.
The ongoing globalization, reflected in a tightening competitive situation reflects the controlling met through increased market-oriented focus on customers, suppliers and competitors. In addition, the international dimension as an important analysis and approach to controlling in the existing control system is implemented - such as the regional competitiveness of the products and the regional state of knowledge development.

Legal framework and Controlling
For the corporate governance leads to additional challenges posed by new statutory or regulatory requirements and conditions. To benefit from the introduction of the Law on Control and Transparency in Enterprises (KonTraG) and Basel II in controlling aspects of risk management and corporate ratings of increasing importance.

Intangible assets have, through the transformation from an industrial to a service society or knowledge gained in importance. So value-added processes are increasingly based on knowledge, on productive relationships with business partners, on the reputation of a company, its products and brands and especially to its innovation and new technologies.

Decentralization of control
These continuous changes not only lead to another dimension of controlling content, but there are also organizational developments can be reported, because the areas of decentralization, the controller continues to progress.

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Delay in BilMoG brings more time for better preparation

Because of the current financial crisis is the next hearing of experts instead of only on 17.12.2008. With an adoption of the BilMoG is therefore to be expected only in 2009.
Through the subsequent adoption of the accounting law Modernization (BilMoG) gives a little more preparation time. Nevertheless, the issue BilMoG still important.

Status at BilMoG
The Federal Ministry of Justice (BMJ) on 08.11.2007 had the long-awaited draft law on the balance sheet Modernization (BilMoG) submitted. With this design, announced the largest reform of commercial law since the Balance Sheet Accounting Policies Act (BiRiLiG) to.

The federal cabinet has the government draft BilMoG published on 21.05.2008. Compared with the draft for this BilMoG included some significant changes.

Finally, the government draft in late September in the Bundestag to advise and then referred to the Committee on Legal Affairs. The Legal Affairs Committee met for the BilMoG then mid-October 2008.

Against the background of the current banking crisis, the next hearing of experts now applied for the 17.12.2008. An adoption of the BilMoG later this year is unlikely to become so.

Criticism of the BilMoG
Most recently, the Institute of Accountants (IDW), 26 September 2008 with a letter to the government draft of the accounting law Modernization (BilMoG) to the Legal Affairs Committee of the German Bundestag turned.

It saved the IDW no criticism of the government to draft BilMoG. Regrets in particular that the inclusion of special purpose entities in the consolidated financial statements in accordance with the wider opportunities of the 7th EU directive does not take place personal finance budgeting. Especially against the background of the current financial crisis and the great importance of such special purpose entities IDW holds the inclusion of special purpose entities in the consolidated financial statements continue to be necessary.

It was also criticized by IDW that the government draft law on the BilMoG a general principle of the economic approach and the associated clarification was abandoned. This is the view of the IDW is an essential step to improve the expressiveness commercial accounts in the current draft BilMoG ignored.

Dissatisfied showed the IDW with the decision, German corporations with no optional BilMoG “liberating” the application of IFRS in the annual permit. Such a move would particularly for companies operating in the IFRS consolidated financial statements apply a significant mean facilitation personal finance software. Possible negative consequences of tax and capital preservation, by supporting measures to BilMoG avoided.

Some deadlines for implementation are determined by the delay of the BilMoG exceeded
The BilMoG contains some legislative changes in connection with the modernized 8th EU audit directive, whose deadline has already expired on 29.06.2008. Presumably, these rules immediately after the adoption of the BilMoG apply.

With the delay of the BilMoG by the financial crisis are the application dates of the remaining provisions BilMoG but open again free budget worksheets. At the moment, it is considered likely to be that there will be a shift in the professional application for a year. The vast majority of the changes would be applicable from 01.01.2010. It is possible it may still be a voluntary application in 2009.

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