1. www.controllerverein.com Controlling - Creating Future
Publisher: International Controller Association ICV | Poznań Office
Dear Readers!
With the new year we have new goals and new ICV top
topics. In 2014, along with volatility and sustainability, we’d
like to concentrate on controllers’ and CFOs’ career! Your
personal development is as much important for the Asso-
ciation as the development of your company! Therefore
this year we’ll answer questions like:
 What are problems and challenges of the volatile
times? What are the chances?
 What's important for sustainable ecological activities
and sustainable "green" controlling? How to „go gre-
en”?
 How does the role of a controller change? What does
our future look like?
Volatility and sustainability were among the topics touched
on at the 8th International Controller Congress in Poznań.
We you’ll try to bring the speech of professor Rainer Kal-
wait closer to you!
How the finance world will look like in the future, predicts
Stephan Göppert in his article “The Future of Finance – will
be more nuanced than we expect”. It’s a new article trans-
lated into English from the German “Controller Magazin
2/2014”. Another one we’d like to recommend you is
“Working abroad as Financial Controller for the Airbus
Group in Toulouse, France – Finance Controlling at a
glance” by Thomas Hubert — it’s published on our home-
page!
As in every issue you’ll read about one of the Board mem-
bers. This time it’s going to be… Karl-Heinz Steinke,
the last of us! He’s a wonderful exam-
ple how to combine a job with a pas-
sion!
Much pleasure while reading!
Spring is the time of new ideas — so
don’t miss the chance and use them!
Good luck!
Yours
Dr. Adrianna Lewandowska
ICV Board Member
International
Controller Association
ICV Bulletin | April 2014
In this issue:
 The Future of Finance – will be more nu-
anced than we expect
 Working abroad as Financial Controller for
the Airbus Group in Toulouse, France –
Finance Controlling at a glance
 Karl-Heinz Steinke —Board Member
In February 2014 BARC and the ICV surveyed 400 companies
in the “BARC Planning Survey”. For the first time, the number
of “Controllers” has been determined: 100,000 in Germany -
equipped with very good academic and professional education.
Many of them will meet the 39th Controller Congress in Mu-
nich organized by the ICV on May 19-20 to listen to the
speeches of our experts and exchange experience and con-
tacts among other professionals from the branch.
Controlling has never been as important as today; nor has
it been as challenging. Volatility has become the “new
norm”, where companies must recognise opportunities
and risks early enough and must act appropriately and
quickly. This is where they fall back onto Controlling - the
teamwork between managers and controllers. But how
many controllers are there really? Across Germany,
around 100,000 employees can be classified under the
professional job description of a “Controller”; this has
recently been determined for the first time.
The challenges faced by Controlling are greater today than
ever before. Early detection is required, as well as simplified
planning, which must be supplemented with dynamic elements,
such as rolling forecasts. Processes and organisations change
as much as the tools; the role of the controller trans-
forms into that of a business part-
ner of the management. The train-
ing requirements for a controller
are correspondingly high.
That’s why the ICV invites you to the an-
nual Controller Congress „Successful
Controlling methods and instruments in
the praxis”. Find out more on http://
www.controllerverein.com/
CC_Programm.154228.html.
We’re looking forward to seeing you!
Controlling has never been as
challenging as today — visit the
39th Controller Congress in Mu-
nich and find out what the
trends are!

2. ICV Bulletin | April 2014
© International Controller Association ICV | Poznań Office
order and look for a new one. For increasing our company
value, for the social good, for our clients, for us. Being still
responsible for the financial results of the company, but also
for the corporate social responsibility.
We hope that the knowledge, experience and contacts from
the Congress will allow you to prepare even better for the
role of the manager’s partner supporting the innovative com-
pany development.
Next year we invite you the 9th international Controller Con-
gress on April 23-24, 2015!
The topic of the Congress aroused controversy: what’s the
connection between controlling and innovation? Can control-
ling be innovative? Should it be innovative? And if yes, how?
What exactly is an innovation? On these questions answered
our experts during their speeches, but also you, participants,
contributed to the conclusions during the panel discussion.
It’s beyond doubt that in such volatile times controlling must
stronger and stronger stimulate innovative solutions. We’re
responsible for searching for chances, creating changes,
starting difficult sometimes discussions that destroy the old
After the 8th International Controller Congress
“Innovative Controlling Solutions”
One of the most interesting lectures during the 8th
Inter-
national Controller Congress was the last presentation,
delivered by professor Rainer Kalwait from Germany.
For several years professor Kalwait has been a Member
of the Board of the Risk Management Association e. V.,
which deals with the problems of risk management. His
speech was dedicated to risk management as a chal-
lenge associated with planning and control.
The main message of his presentation was to make the con-
trollers present at the Congress aware of the fact that allow-
ing for risks in their everyday analyses was of crucial impor-
tance. A project which at first glance seems fine, may be
rejected after the application of a risk analysis which takes
into account the probability of its success. An important ob-
servation which inspired the lecture was that each and every
calculated risk should be treated as probable to some extent.
However, an analysis which assumes a 100% chance of
occurrence of a given risk is unacceptable.
Yet another aspect of the lecture was to locate risk within the
structure of the controlling system. Currently our systems
often fail to contain this element. They are based on the ra-
tional components of a given analysis, failing to give consid-
eration to certain possible events. As maintained by Profes-
sor Kalwait, today's modern controlling must allow for risk, its
identification, evaluation, classification and reporting. It is
most often accomplished through the analysis of scenarios.
As a result of this process, a model is created which includes
the main course of the planned events as well as the possi-
ble deviations which may arise when taking certain events
into account. It is nothing but corridor planning, which gives a
much broader look at the result of the analysis and the possi-
ble scenarios in a given situation. A summary thus prepared
allows us to make more informed business decisions. In this
case, defining the risks and opportunities for a given project
becomes a very valuable ability of the controller. The control-
ler does not have to, or even should not do it on their own.
This process should be carried out in cooperation with appro-
priate department managers.
In the conclusion of his speech, Professor Kalwait empha-
sized the fact that corridor planning is becoming increasingly
important today. Obviously, businesses face many problems
related to risk management, however, it is worth focusing on
their identification, and then trying to solve them, in order to
be able to make decisions based on certain scenarios.
How to successfully manage
risk in a company?
By Robert Panufnik
CFO, Vistal Construction Sp. z o.o.
Leader of the ICV Work Group Gdańsk, Poland
ICV member

3. We’d like to invite you to compete for our annual reward:
Controlling – Newcomer Award 2014. The aim of the award
is to support Controlling – Newcomers and to spread innova-
tive and practical ideas among the Controlling Community.
Awarded will be innovative master or bachelor theses
written at any European university after April 30, 2012. The
right of nomination have thesis promoters. The theses can
cover a wide spectrum of controlling topics and
can be written in German or English. The Jury
– controlling practitioners and universities’
representatives – will award scientific cha-
racter, innovation’s level and possibilities
of practical use of the ideas described in the
thesis. Controlling Newcomer Award (worth
4,050 EUR) is sponsored by Haufe Verlag and
Haufe Academy and it will be given to 2/3
authors and 1/3 promoters of the the-
ses. Additionally, all winners will be
given International Controller Association
membership for one year with the sub-
scription of the Controller magazine. The
award will be given on November 15, 2014 at
the 14th CIB in Berlin. All applicants are authori-
zed to participate at the CIB free of charge.
More: http://www.controllerverein.com/
Awards.158549.html
ICV Bulletin | April 2014
Imprint
Publisher and Copyrights:
International Controller Association
Public Relations Committee
Editing
Brigitte Dienstl-Arnegger
Dr. Adrianna Lewandowska
Hans-Peter Sander
Anna Włodarczyk
International Controller Association
ICV Office Poland
Ul.Fredry 7/1
61-809 Poznań PL
Phone/Fax +48 61 853 20 10
Mail: anna.wlodarczyk@icv.pl
Non-German speaking work groups
Bosna and Hercegovina
Slavko Simić, bono@blic.net
Bulgaria
Denko Yamboliev, denko@excite.com
Croatia
Jasmina Očko, jasmina.ocko@kognosko.hr
Great Britain
Milena Heim. milena.heim@gmx.net
Estonia
Toomas Haldma, toomas.haldma@ut.ee
Hungary
Budapest 1
Ervin Nemesdy, nemesdy@mce.hu
Budapest 2
Andreas Kovacs, akovacs@mcskft.hu
Poland
Gdańsk
Robert Panufnik, rpanufnik@gmail.com
Katowice
Anna Jarkulisz, anna.jarkulisz@arcelormittal.com
Kraków
Dorota Gołąb-Bełtowicz, dbeltowicz@bonifratrzy.krakow.pl
Lublin
Katarzyna Żuławska, katarzyna.zulawska@icv.pl
Łódź
Karolina Zielińska, karolina.zielinska@icv.pl
Poznań
Dariusz Gulczyński, dariusz.gulczynski@icv.pl
Szczecin
Aleksander Socha, aleksander.socha@ramirent.pl
Toruń
Andrzej Derkowski, andrzej.derkowski@neuca.pl
Warszawa
Karol Sikora, karol.sikora@icv.pl
Wrocław
Honorata Ulatowska, honorata.ulatowska@icv.pl
Zielona Góra
Małgorzata Lepak, malgorzata.lepak@icv.pl
Romania
Cristina Hodea, cristina.hodea@gmail.com
Russia
Valentin Usenkov, zhoom@mail.ru
Serbia
Bojan Šćepanović, mcb@eunet.rs
Slovenia
Dragica Erčulj, dragica.erculj@crmt.com
Spain
Ulrich Müller Bosom, ulrich.mueller.bosom@gmail.com
The English Bulletin is not the only publication of the ICV!
Every month we publish International Controller's e-News
where you can read the news from the controlling scene and
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controlling information from competent partner by e-mail.
Subscribe for free on: http://www.controllerverein.com/
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Controlling – Newcomer Award 2014