101-0032-AAL  Business Administration

SemesterAutumn Semester 2017
LecturersB. T. Adey
Periodicityevery semester recurring course
Language of instructionEnglish
CommentEnrolment ONLY for MSc students with a decree declaring this course unit as an additional admission requirement.

Any other students (e.g. incoming exchange students, doctoral students) CANNOT enrol for this course unit.

AbstractIntroduction to business administration
Principles of accounting and financial management
Financial planning and capital budgeting of projects
Costing systems by corporations
ObjectivePrepare and analyze the financial statements of organizations
Understand the major costing systems
Establish budget and determine profitability of investment
Perform some product calculations
ContentOverview in business administration

Financial Accounting
- Balance sheet, income statement
- Accounts, double-entry bookkeeping
- Year-end closing and financial statements

Financial Management
- Financial statement analysis
- Financial planning
- Investment decisions

Management Accounting
- Full costing and marginal costing
- Product costing
- Management decisions
LiteratureThe script for the original course 101-0031-02 Betriebswirtschaftslehre is in German. The English material that can be used for the virtual course will be given out on an as need basis.