2. year students in engineering
Minimum university college entrance requirements.
The course shall give the students basic knowledge in business economic theory and methods as well as a survey of the various functions of the business enterprise. The students shall be aware of the importance of accounting data in the management of enterprises
* Costs, classification of costs and theory of demand.
* The theory of market adaptations
* Product calculation methods
* The double-entry accounting system and the balance sheet equation
* The recording/posting of some central economic transactions.The chart of accounts. Documentation.
* Closing the accounts
* About the companys annual report
* Traditional analysis of the financial statements: ratios as tools of analysing profitability, liquidity and capital structure.
* Project and Investment anlysis
* About the budgeting process (brief)
Lectures, group- and individual exercises.
The learning management system Classfronter will to some extent be used in the exchange of information.
2 compulsory papers must be handed in for assesment. ICT tools to be used in the preparation of papers.
3-hour individual written exam
