Objective: Students will learn about the different types of business organizations, basic business law and design an organizational chart. Students will acquire knowledge about operational management that will help them to run a company. Also, students will demonstrate understanding by successfully calculating the initial investment they need to start a business and be able to calculate the product cost to make profit.


Teacher: Georg Berger


Objective: Students will learn about the different types of business organizations, basic business law and design an organizational chart. Students will acquire knowledge about operational management that will help them to run a company. Also, students will demonstrate understanding by successfully calculating the initial investment they need to start a business and be able to calculate the product cost to make profit.

I.              The nature of Business organization. (17)

a)  Types of business organization

a.   Distinguish between private & public sector organizations

b.   Distinguish between different types of profit-based organizations: sole trade, partnerships, companies

c.    Legal forms of business organization

d.   Understand reasons for starting a business & identify challenges faced by start-ups

b)  Growth and evolution

a.   Merits of small and organizations

b.   Business growth

c.    Ansoff´s matrix

c)  Social responsibility  

a.   Understand why businesses set ethical goals

b.   Understand importance of social responsibility.

 

 

II.            Operational Management (12)

a)   What´s operational management?

a.   Production methods: applications of job, batch, line, flow, mass production (4)

b.   Implications for functional departments (x)

b)   Cost and revenues (4)       

a.   Types of financial costs    

b.   Classifying costs      

c)   Product cost (1)

a.   Explain different types of production costs

b.   Understand fixed costs, and variable costs

c.    Product viability via contribution analysis

1 Session Revision

1 Exam

1 Exam Feedback

 

III.          Finance

a)   How to make a budget step by step (5)

a.   The importance of budgeting

b.   Calculate & interpret variances

c.    Understand the role of budgets in strategic planning

b)   Break-even analysis (11 sessions)

a.   Graphical methods to calculate break-even

b.   Understand effects of changes on break even, profit and margin

c.    Calculate output level for target revenue

d.   Understand limitations of break-even analysis


Welcome!

Objective: Identify the subjects as well as the fundamentals that gives a business its economic activity concept. Students will acquire the knowledge to understand the importance of having the bases of business administration and planning to contribute to a successful business. Also, the students will learn the bases to design a financial analysis on their own.


accounting courseObjective: Describe the importance of Accounting as an essential tool of a company’s decision making process. Understand and apply the basic concepts necessary to prepare financial statements and determine the financial position of a business.

Syllabus

 Unit 1. Introduction to Accounting

1.1  Definition and Accounting Applications

1.2  Types of Accounting Systems

1.3  Accounting Events

1.4  Assets

1.5  Liabilities

1.6  Owner’s Equity

 Unit 2. Accounting Basics

2.1 The Accounting Equation

2.2 The Double-Entry System

2.3 Introduction to Financial Statements

2.4 The Balance Sheet

 Unit 3. Financial Statements

3.1 Income Statement (Profit and Loss Statement)

3.2 Statement of Stockholder’s Equity

3.3 Statement of Cash Flow

General objective:

The student understands Leading as one of the interdependent basic functions of management and its importance to the effectiveness of organizations, develops their entrepreneurial competencies using acquired methodologies and analyzing global situations that affect business so that they can outline a business plan, as, simultaneously practices both linguistic and communication English skills through the semester.


The student understands the increased importance of achieving organizational control from the board of directors all the way to first level employees to assure business effectiveness, and develops his/her entrepreneurial competencies to outline a business plan that can contribute to a social, environmental and economic change in their community, as well as practices both linguistic and communication English skills.