BUS100 The Company – an Introduction to Business Administration

Most people will benefit from understanding business administration during their working life, even if you don't necessarily work directly with business administration. It is important to understand the fundamental connections between the company's strategies and plans, budgets, organisation, the profit and loss statement and the balance sheet, all within the framework of the company's important contribution to sustainable development. The course provides an introduction to contexts in business economics - primarily in accounting, business management and finance, but also in organizational subjects, marketing and strategy. following topics are covered:

Cost and cost behavior; Markets; Product costing, Cost allocation; Short term production decisions and trade-offs; Financial accounts; Time value of money; Capital budgeting.

Knowledge:

The student:

• Has an interdisciplinary understanding and basic insight into how businesses, the economy, and the stock market function, and how these influence society.
• Has knowledge of key concepts and familiarity with important tools used in the analysis of business economics issues (including accounting, financial management, finance, marketing, strategy, organizational theory, and psychology).
• Has an understanding of corporate social responsibility and sustainability from a business economics perspective.

Skills:

The student:

• Can analyze and interpret economic data to assess a company's financial situation, including financial statements, key financial figures, and market data.
• Can apply business economics methods and models to solve fundamental economic problems within accounting, financial management, and finance.
• Can communicate economic assessments both in writing and orally in a professionally precise manner, adapted to different target audiences.

General Competence:

The student:

• Can master key business economics terminology.
• Can think critically and reflect on the role of businesses in society.
• Can apply knowledge at an overall level to understand how businesses function.
• Can extract essential information from a company's annual report.