101-0032-AAL Business Administration
| Semester | Autumn Semester 2017 |
| Lecturers | B. T. Adey |
| Periodicity | every semester recurring course |
| Language of instruction | English |
| Comment | Enrolment 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. |
| Abstract | Introduction to business administration Principles of accounting and financial management Financial planning and capital budgeting of projects Costing systems by corporations |
| Objective | Prepare and analyze the financial statements of organizations Understand the major costing systems Establish budget and determine profitability of investment Perform some product calculations |
| Content | Overview 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 |
| Literature | The 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. |