5010 Business Financial Analysis and Accounts

Prerequisites

None.

Course Objectives

The course provides students with an elementary and fundamental knowledge of business-economics theory and methods, as well as a general survey of businesses as economic entities. The main emphasis is on practical business-oriented economic principles that may be applied to all sectors and organisational units. The course also teaches basic skills in accounting and balancing budgets. This includes understanding concepts such as expenditure, costs, income, ownership interests and debt. Emphasis is placed on demonstrating the relationship between the transactions and their influence on results and balance. The students should be capable of balancing ordinary annual accounts and managing profit.

Learning Methods

6 hours of lectures per week and group-work in the autumn semester.

Course Description

Topics covered (business economic analysis):
 Position of businesses within the economic system
 Role of the economy in businesses
 Income and expenditure theory
 Adaptation to various marketing systems
 Calculations and operational accounts
 Cost-, result - and volume analysis
 Optimisation under restrictions

Topics covered (accounting):
 Structure, standard framework and plan of accounts
 Registering business transactions
 Value-added tax, employer’s tax, deduction of tax and tax-payments
 Transaction principal, balancing principles and other basic accounting principles
 Writing off
 Other accruals and provisions
 General value-assessment rules for current assets and fixed assets
 Presentation of results and balance according to the Accounting Act

Assessment Methods

One obligatory group-project; pass/fail. Final written examination, 5 hours. Students must receive passing marks on all parts of the assessment.

Pensum