Economic management and accounting

Financial accounts: The importance of financial management, liquidity budget and profit budget, balance, Profit and loss account, postings and basic accounting, document, payroll, travel expenses and value assessment.

Internal accounting: different cost concepts, calculation of costs and cost allocation, calculation principles, different operating accounting models, zero-point analysis, product selection, price decisions and market adaptation, key figures, and analysis of projects

Knowledge

The candidate can:

• Explain what financial management is and have knowledge about different company forms and cost concepts.
• Explain the content of salary calculations and rules for travel invoices.
• Explain the assessment and value assessment of the balance items
• Understand and explain what calculative costs are and how these are to be calculated.
• Explain various principles that form the basis for cost allocation.
• Understand the purpose of product calculations and know different calculation principles.
• Explain what a budget is and what budget it is appropriate to set up in different situations.

Skills

The candidate can:

• Prepare and create a profit budget and liquidity budget.
• Prepare and create a profit and loss account and the balance.
• Post transactions to account debit / credit.
• Register salary and travel expenses.
• Calculate some basic financial key figures.
• Calculate different cost types.
• Calculate present value and internal rate of return.
• Manage various product calculations.
• Understand and prepare operating accounts.
• Make calculations and setups in connection with zero-point analysis.
• Prepare and create calculations in connection with analysis of long-term projects.

General competence

The candidate can:

• See the importance of knowledge about, and understanding of, financial management in a company.
• Read and evaluate existing budgets and accounts to understand a company's financial situation.
• Manage calculations as basis to analyse a company's financial situation and development.

Online course. The study material must be downloaded, and assignments must be answered online.