Minimum university college entrance requirements
The course shall give the first and necessary basic knowledge in business economic theory and methods as well as a survey of the various functions of the business enterprise. In addition the course shall give a n introduction in financial accounting such as registrations of business transactions and preparations of the income statement, the retained income and the balance sheet.
* The business enterprise and its place in the economic system
* The function of economic management and its place in the enterprise
* Introduction to investment analysis
* Costs, classification of costs and the theory of demand
* The theory of market adaptations
* Product calculations and cost accounting
* Cost-volume-profit analysis
* Analysis of constraints and optimal product mix
* About financial accounting and the requirements to the financial accounting system
* Registration of the most common business transactions
* Termination of accounts including preparation of the statement of income, retained income ond the balance sheet for different types of enterprices/ownerships
Lectures, group - and individual exercises. The learning management system Classfronter will be used to some extent in the exchange of information.
3 compulsory papers which have to be passed before sitting for the final exam. ICT tools are to be used in the preparation of the papers. Cases and the case-solutions (in one copy) must be brought to the final exam and shall be handed in together with the examination papers.
The compulsory papers (3) count for 20% of the total grade. The cases ond the case-solutions (in one copy) must be brought to a 3-hour final written exam and shall be handed in together with the examination papers. The final exam counts for 80% of the total grade. At this exam the problems raised in the cases will also be tested. All the elements of the total grade must be passed.
