The course introduces the basic principles in economic theory and methodology, accounting theory, managerial decision making, and provides the foundation for further studies in Financial Accounting and Analysis, and Advanced Management and Accounting.
No special prerequisite knowledge required.
- The company and its position in the economic system
- Economy functions and their role and place in the company
- Relevant costs and relevant revenues
- Adaptation to different market conditions
- Calculations and management accounting
- Analyses of costs, volume and profits
- Product choice analysis
- Basic financial accounting, general ledger entries
- End-of-year financial statement preparation, income statement and balance sheet.
Lectures, discussions and practical exercises. The use of modelling tools such as (electronic) spreadsheets is expected in the course.
One written assignment. The assignment may be individual or in group (max.3) exercises.
Four-hour written exam.Letter marks will be given.
To be provided at the commencement of teaching.