BUS100 The Company – an Introduction to Business Administration

Most people will benefit from understanding business administration during their working life, even if you don't necessarily work directly with business administration. It is important to understand the fundamental connections between the company's strategies and plans, budgets, organisation, the profit and loss statement and the balance sheet, all within the framework of the company's important contribution to sustainable development. The course provides an introduction to contexts in business economics - primarily in accounting, business management and finance, but also in organizational subjects, marketing and strategy. following topics are covered:

Cost and cost behavior; Markets; Product costing, Cost allocation; Short term production decisions and trade-offs; Financial accounts; Time value of money; Capital budgeting.

Knowledge:

• interdisciplinary understanding and basic insight into how companies in particular, and business and the stock exchange function, and how these have an impact on society
• knowledge of key concepts and familiarity with important tools used in analyzes of business economic issues (including accounting, financial management, financial subjects, marketing, strategy, organizational theory and psychology). Tools mean methods, techniques, models, theories etc. which is used within the subject area.
• knowledge of what is meant by corporate social responsibility and sustainability in a corporate economic perspective
• understanding of how other subject areas, for example social economic subjects, are connected with business economic subjects

Skills:

After completed course, the student should be able to:

• master key business terminology
• understand basic accounting relationships
• think critically and reflect on the company's role in society
• understand a business report
• understand the basics of an annual report