Learning outcome

The candidate has:

- An overview of the functions of a business enterprise

- Basic knowledge of business management theory and methods

- Basic knowledge of financial statements and how to create them

Course Description

Topics covered (business financial analysis):

- Position of businesses within the economic system

- Role of the economy in businesses

- Income and expenditure theory

- Adaptation to various marketing systems

- Calculations

- Cost, result and volume analysis

Topics covered (accounting):

- Structure of accounts, standard framework and plan

- Registering business transactions

- Value-added tax, payroll withholding tax, deduction of tax and tax payments

- Transaction principle, balancing principles and other basic accounting principles

- Writing off

- Other accruals and provisions

- General value-assessment rules for current assets and fixed assets

Teaching and Learning Methods

4-6 hours lectures / exercises per week.

Assessment Methods

Mandatory assignments must gain passing marks before the student will be permitted to sit the examination.

Written examination, 5 hours.

Minor adjustments may occur during the academic year, subject to the decision of the Dean